Western Midstream Partners (WES) to Release Quarterly Earnings on Wednesday

Western Midstream Partners (NYSE:WES - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Western Midstream Partners to post earnings of $0.84 per share and revenue of $933.28 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Western Midstream Partners Stock Performance

Shares of NYSE WES traded down $0.48 during midday trading on Friday, reaching $41.15. The company had a trading volume of 887,563 shares, compared to its average volume of 1,301,381. The business's 50-day simple moving average is $40.33 and its 200 day simple moving average is $39.14. The stock has a market cap of $15.66 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.39 and a beta of 2.88. Western Midstream Partners has a 1 year low of $31.60 and a 1 year high of $43.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.51%. Western Midstream Partners's dividend payout ratio is currently 89.29%.

Wall Street Analyst Weigh In

WES has been the topic of a number of research reports. Morgan Stanley lowered shares of Western Midstream Partners from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $42.00 to $40.00 in a research note on Friday, October 25th. UBS Group dropped their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, November 15th. StockNews.com lowered shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 28th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. Finally, US Capital Advisors upgraded shares of Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $37.88.

About Western Midstream Partners

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.