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NYSE:WESWestern Midstream Partners Stock Price, Forecast & News

$11.07
+1.37 (+14.12 %)
(As of 06/5/2020 03:48 PM ET)
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Compare
Today's Range
$9.80
Now: $11.07
$11.36
50-Day Range
$5.00
MA: $7.65
$9.44
52-Week Range
$2.90
Now: $11.07
$31.99
Volume142,099 shs
Average Volume2.80 million shs
Market Capitalization$4.91 billion
P/E Ratio16.04
Dividend Yield13.23%
Beta3.95
Western Midstream Partners, LP, together with its subsidiaries, engages in gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. The company was founded in 2007 and is headquartered in The Woodlands, Texas. Western Midstream Partners, LP is a subsidiary of Anadarko Petroleum Corporation.
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Western Midstream Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.8Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.97 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
CUSIPN/A
Phone832-636-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.75 billion
Cash Flow$3.09 per share
Book Value$7.38 per share

Profitability

Net Income$697.24 million

Miscellaneous

EmployeesN/A
Market Cap$4.91 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Western Midstream Partners (NYSE:WES) Frequently Asked Questions

How has Western Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

Western Midstream Partners' stock was trading at $6.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WES shares have increased by 65.2% and is now trading at $11.07. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Western Midstream Partners?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last year. There are currently 2 sell ratings, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Western Midstream Partners.

When is Western Midstream Partners' next earnings date?

Western Midstream Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Western Midstream Partners.

How were Western Midstream Partners' earnings last quarter?

Western Midstream Partners LP (NYSE:WES) announced its earnings results on Tuesday, May, 5th. The pipeline company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of $0.50 by $1.08. The pipeline company earned $774.30 million during the quarter, compared to analysts' expectations of $709.78 million. Western Midstream Partners had a return on equity of 28.50% and a net margin of 11.48%. The firm's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. View Western Midstream Partners' earnings history.

How often does Western Midstream Partners pay dividends? What is the dividend yield for Western Midstream Partners?

Western Midstream Partners announced a quarterly dividend on Monday, April 20th. Stockholders of record on Friday, May 1st will be given a dividend of $0.311 per share on Thursday, May 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date is Thursday, April 30th. View Western Midstream Partners' dividend history.

What price target have analysts set for WES?

14 equities research analysts have issued twelve-month price targets for Western Midstream Partners' shares. Their forecasts range from $6.00 to $37.00. On average, they expect Western Midstream Partners' share price to reach $18.88 in the next year. This suggests a possible upside of 70.5% from the stock's current price. View analysts' price targets for Western Midstream Partners.

Has Western Midstream Partners been receiving favorable news coverage?

News coverage about WES stock has trended positive recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Western Midstream Partners earned a news sentiment score of 2.4 on InfoTrie's scale. They also gave media stories about the pipeline company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutWestern Midstream Partners.

Are investors shorting Western Midstream Partners?

Western Midstream Partners saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,110,000 shares, a decrease of 9.4% from the April 30th total of 7,850,000 shares. Based on an average trading volume of 4,800,000 shares, the short-interest ratio is presently 1.5 days. Currently, 3.6% of the shares of the stock are sold short. View Western Midstream Partners' Current Options Chain.

Who are some of Western Midstream Partners' key competitors?

What other stocks do shareholders of Western Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Midstream Partners investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), NVIDIA (NVDA), Exxon Mobil (XOM), Magellan Midstream Partners (MMP), Williams Companies (WMB), DCP Midstream (DCP) and Johnson & Johnson (JNJ).

Who are Western Midstream Partners' key executives?

Western Midstream Partners' management team includes the following people:
  • Mr. Jaime R. Casas, Sr. VP, CFO & Treasurer of Western Gas Equity Holding, LLC (Age 49)
  • Mr. Michael P. Ure, Pres, CEO & Director
  • Mr. Craig W. Collins, Sr. VP & COO (Age 46)
  • Mr. Jonathon E. VandenBrand, Director of Investor Relations
  • John D. Montanti, VP, Gen. Counsel & Corp. Sec. of Western Midstream Holdings, LLC

What is Western Midstream Partners' stock symbol?

Western Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "WES."

Who are Western Midstream Partners' major shareholders?

Western Midstream Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Alps Advisors Inc. (5.88%), Invesco Ltd. (3.89%), Morgan Stanley (2.63%), Morgan Stanley (2.63%), Tortoise Capital Advisors L.L.C. (2.26%) and Kayne Anderson Capital Advisors LP (1.37%). Company insiders that own Western Midstream Partners stock include David J Tudor, James R Crane and Michael Ure. View institutional ownership trends for Western Midstream Partners.

Which major investors are selling Western Midstream Partners stock?

WES stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Harvest Fund Advisors LLC, UBS Group AG, Clearbridge Investments LLC, Kayne Anderson Capital Advisors LP, RR Advisors LLC, Cohen & Steers Inc., and Northwestern Mutual Investment Management Company LLC. View insider buying and selling activity for Western Midstream Partners.

Which major investors are buying Western Midstream Partners stock?

WES stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Invesco Ltd., Citigroup Inc., Alps Advisors Inc., Zimmer Partners LP, Infrastructure Capital Advisors LLC, and Barings LLC. Company insiders that have bought Western Midstream Partners stock in the last two years include James R Crane, and Michael Ure. View insider buying and selling activity for Western Midstream Partners.

How do I buy shares of Western Midstream Partners?

Shares of WES can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Western Midstream Partners' stock price today?

One share of WES stock can currently be purchased for approximately $11.07.

How big of a company is Western Midstream Partners?

Western Midstream Partners has a market capitalization of $4.91 billion and generates $2.75 billion in revenue each year. The pipeline company earns $697.24 million in net income (profit) each year or $1.59 on an earnings per share basis.

What is Western Midstream Partners' official website?

The official website for Western Midstream Partners is www.westernmidstream.com.

How can I contact Western Midstream Partners?

Western Midstream Partners' mailing address is 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX, 77380. The pipeline company can be reached via phone at 832-636-6000 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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