Western Midstream Partners (WES) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WES, but not buy additional shares or sell existing shares.
View WES analyst ratings or view top-rated stocks.

12 brokerages have issued twelve-month target prices for Western Midstream Partners' shares. Their WES share price targets range from $25.00 to $36.00. On average, they predict the company's stock price to reach $30.64 in the next year. This suggests that the stock has a possible downside of 13.4%.
View analysts price targets for WES or view top-rated stocks among Wall Street analysts.

Western Midstream Partners' stock was trading at $29.26 at the start of the year. Since then, WES shares have increased by 20.9% and is now trading at $35.38.
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Western Midstream Partners saw a decline in short interest in March. As of March 31st, there was short interest totaling 5,850,000 shares, a decline of 19.8% from the March 15th total of 7,290,000 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 4.4 days. Approximately 3.0% of the company's stock are sold short.
View Western Midstream Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our WES earnings forecast.

Western Midstream Partners will be holding an earnings conference call on Thursday, May 9th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Western Midstream Partners, LP (NYSE:WES) announced its earnings results on Wednesday, February, 21st. The pipeline company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.04. The pipeline company had revenue of $858.21 million for the quarter, compared to the consensus estimate of $850.23 million. Western Midstream Partners had a trailing twelve-month return on equity of 33.58% and a net margin of 32.72%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS.

Western Midstream Partners announced a quarterly dividend on Monday, January 22nd. Investors of record on Thursday, February 1st will be paid a dividend of $0.575 per share on Tuesday, February 13th. This represents a $2.30 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Wednesday, January 31st.
Read our dividend analysis for WES.

Western Midstream Partners (NYSE:WES) pays an annual dividend of $2.30 per share and currently has a dividend yield of 6.68%. WES has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 88.46%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WES will have a dividend payout ratio of 65.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WES.

ETFs with the largest weight of Western Midstream Partners (NYSE:WES) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), First Trust Natural Gas ETF (FCG), Global X MLP & Energy Infrastructure ETF (MLPX), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), Pacer American Energy Independence ETF (USAI) and VanEck Energy Income ETF (EINC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Midstream Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), Exxon Mobil (XOM), NGL Energy Partners (NGL), NVIDIA (NVDA), Pfizer (PFE), Johnson & Johnson (JNJ), AbbVie (ABBV) and Broadcom (AVGO).

Western Midstream Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.75%), Miller Howard Investments Inc. NY (0.37%), Maryland State Retirement & Pension System (0.04%), True North Advisors LLC (0.01%), CFM Wealth Partners LLC (0.01%) and Wealth Enhancement Advisory Services LLC (0.00%). Insiders that own company stock include Kenneth F Owen, Lisa A Stewart, Petroleum Corp /De/ Occidental and Robert W Bourne.
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Shares of WES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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