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

Western Midstream Partners logo
$38.36 +0.21 (+0.55%)
(As of 12/20/2024 05:31 PM ET)

About Western Midstream Partners Stock (NYSE:WES)

Key Stats

Today's Range
$38.20
$39.37
50-Day Range
$35.70
$40.75
52-Week Range
$27.44
$42.80
Volume
2.81 million shs
Average Volume
1.25 million shs
Market Capitalization
$14.60 billion
P/E Ratio
9.79
Dividend Yield
9.12%
Price Target
$37.88
Consensus Rating
Reduce

Company Overview

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. The company also buys and sells natural gas, NGLs, and condensate. It operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

Western Midstream Partners Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
49th Percentile Overall Score

WES MarketRank™: 

Western Midstream Partners scored higher than 49% of companies evaluated by MarketBeat, and ranked 179th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Western Midstream Partners has received a consensus rating of Reduce. The company's average rating score is 1.90, and is based on 1 buy rating, 7 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Western Midstream Partners has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Western Midstream Partners' stock forecast and price target.
  • Earnings Growth

    Earnings for Western Midstream Partners are expected to decrease by -12.90% in the coming year, from $4.03 to $3.51 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Western Midstream Partners is 9.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Western Midstream Partners is 9.79, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.18.

  • Price to Earnings Growth Ratio

    Western Midstream Partners has a PEG Ratio of 1.08. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Western Midstream Partners has a P/B Ratio of 4.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.94% of the float of Western Midstream Partners has been sold short.
  • Short Interest Ratio / Days to Cover

    Western Midstream Partners has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Western Midstream Partners has recently decreased by 3.44%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Western Midstream Partners is a leading dividend payer. It pays a dividend yield of 9.15%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Western Midstream Partners does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Western Midstream Partners is 89.29%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Western Midstream Partners will have a dividend payout ratio of 99.72% in the coming year. This indicates that Western Midstream Partners may not be able to sustain their current dividend.

  • Read more about Western Midstream Partners' dividend.
  • Percentage of Shares Shorted

    2.94% of the float of Western Midstream Partners has been sold short.
  • Short Interest Ratio / Days to Cover

    Western Midstream Partners has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Western Midstream Partners has recently decreased by 3.44%, indicating that investor sentiment is improving.
  • News Sentiment

    Western Midstream Partners has a news sentiment score of 1.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Western Midstream Partners this week, compared to 5 articles on an average week.
  • Search Interest

    Only 16 people have searched for WES on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Western Midstream Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Western Midstream Partners insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.04% of the stock of Western Midstream Partners is held by insiders.

  • Percentage Held by Institutions

    84.82% of the stock of Western Midstream Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Western Midstream Partners' insider trading history.
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WES Stock News Headlines

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WES Stock Analysis - Frequently Asked Questions

Western Midstream Partners' stock was trading at $29.26 at the beginning of 2024. Since then, WES stock has increased by 31.1% and is now trading at $38.36.
View the best growth stocks for 2024 here
.

Western Midstream Partners, LP (NYSE:WES) issued its quarterly earnings data on Wednesday, November, 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by $0.09. The company's quarterly revenue was up 13.8% on a year-over-year basis.

Top institutional investors of Western Midstream Partners include Chickasaw Capital Management LLC (1.75%), Kayne Anderson Capital Advisors LP (1.64%), Jennison Associates LLC (0.46%) and Brookfield Corp ON (0.44%). Insiders that own company stock include Petroleum Corp /De/ Occidental, Robert W Bourne, Kenneth F Owen and Lisa A Stewart.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Western Midstream Partners investors own include NVIDIA (NVDA), Enterprise Products Partners (EPD), Meta Platforms (META), Energy Transfer (ET), Broadcom (AVGO), Advanced Micro Devices (AMD) and Exxon Mobil (XOM).

Company Calendar

Ex-Dividend for 11/14 Dividend
11/01/2024
Last Earnings
11/06/2024
Dividend Payable
11/14/2024
Today
12/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Utilities
Employees
1,377
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.88
High Stock Price Target
$41.00
Low Stock Price Target
$34.00
Potential Upside/Downside
-1.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.90
Research Coverage
10 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
44.82%

Debt

Sales & Book Value

Annual Sales
$3.53 billion
Cash Flow
$4.15 per share
Book Value
$7.98 per share

Miscellaneous

Free Float
380,403,000
Market Cap
$14.60 billion
Optionable
Optionable
Beta
2.90

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This page (NYSE:WES) was last updated on 12/22/2024 by MarketBeat.com Staff
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