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

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.

Key Stats

• Today's Range: $36.81 to $37.44
• 50-Day Range: $36.70 to $40.06
• 52-Week Range: $26.81 to $42.80
• Volume: 64,273 shs
• Average Volume: 1.20 million shs
• Market Capitalization: $14.25 billion
• P/E Ratio: 9.65
• Dividend Yield: 9.35%
• Price Target: $38.13
• Consensus Rating: Reduce

Western Midstream Partners Stock Analysis - MarketRank™

Western Midstream Partners scored higher than 57% of companies evaluated by MarketBeat, and ranked 167th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Reduce

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: -11.59%

Earnings Growth

Earnings for Western Midstream Partners are expected to decrease by -11.59% in the coming year, from $4.14 to $3.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Midstream Partners is 9.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Midstream Partners is 9.49, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.74.

Price to Earnings Growth Ratio

Western Midstream Partners has a PEG Ratio of 0.69. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Western Midstream Partners has a P/B Ratio of 4.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.92% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Western Midstream Partners has recently increased by 18.77%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Western Midstream Partners is a leading dividend payer. It pays a dividend yield of 9.54%, 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 90.21%. 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 95.63% in the coming year. This indicates that Western Midstream Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.92% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Western Midstream Partners has recently increased by 18.77%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.22

News Sentiment

Western Midstream Partners has a news sentiment score of 0.22. 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 lower news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Western Midstream Partners this week, compared to 4 articles on an average week.

Search Interest

Only 12 people have searched for WES on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Western Midstream Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Western Midstream Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $697,125,000.00 in company stock.

Percentage Held by Insiders

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

Percentage Held by Institutions

42.94% 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.

WES Stock Analysis - Frequently Asked Questions

How have WES shares performed this year?

Western Midstream Partners' stock was trading at $29.26 at the beginning of 2024. Since then, WES shares have increased by 25.8% and is now trading at $36.81.
View the best growth stocks for 2024 here.

How were Western Midstream Partners' earnings last quarter?

Western Midstream Partners, LP (NYSE:WES) issued its earnings results on Wednesday, August, 7th. The pipeline company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. The firm's revenue for the quarter was up 22.7% compared to the same quarter last year.

Who are Western Midstream Partners' major shareholders?

Western Midstream Partners' top institutional investors include Chickasaw Capital Management LLC (1.75%), Fractal Investments LLC (0.39%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.35%) and Exchange Traded Concepts LLC (0.06%). Insiders that own company stock include Petroleum Corp /De/ Occidental, Robert W Bourne, Kenneth F Owen and Lisa A Stewart.
View institutional ownership trends.

How do I buy shares of Western Midstream Partners?

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.

What other stocks do shareholders of Western Midstream Partners own?

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 8/14 Dividend: 8/01/2024
• Last Earnings: 8/07/2024
• Dividend Payable: 8/14/2024
• Ex-Dividend for 11/14 Dividend: 11/01/2024
• Today: 11/05/2024
• Next Earnings (Confirmed): 11/06/2024
• Dividend Payable: 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: Utilities
• Current Symbol: NYSE:WES
• CUSIP: N/A
• CIK: 1414475
• Web: www.westernmidstream.com
• Phone: (346) 786-5000
• Fax: 832-636-6001
• Employees: 1,377
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $38.13
• High Stock Price Target: $41.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: +3.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.88
• Trailing P/E Ratio: 9.49
• Forward P/E Ratio: 8.89
• P/E Growth: 0.69
• Net Income: $1.02 billion
• Net Margins: 44.01%
• Pretax Margin: 45.47%
• Return on Equity: 47.19%
• Return on Assets: 12.43%

Debt

• Debt-to-Equity Ratio: 2.08
• Current Ratio: 1.68
• Quick Ratio: 1.68

Sales & Book Value

• Annual Sales: $3.11 billion
• Price / Sales: 4.51
• Cash Flow: $4.31 per share
• Price / Cash Flow: 8.54
• Book Value: $7.98 per share
• Price / Book: 4.61

Miscellaneous

• Outstanding Shares: 380,510,000
• Free Float: 380,354,000
• Market Cap: $14.01 billion
• Optionable: Optionable
• Beta: 2.88