Western Midstream Partners, LP (NYSE:WES - Free Report) - Stock analysts at US Capital Advisors lifted their Q1 2025 earnings estimates for Western Midstream Partners in a research report issued to clients and investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $0.87 per share for the quarter, up from their prior estimate of $0.84. US Capital Advisors currently has a "Moderate Buy" rating on the stock. The consensus estimate for Western Midstream Partners' current full-year earnings is $4.02 per share.
Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 28th. Morgan Stanley lowered Western Midstream Partners from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $42.00 to $40.00 in a research note on Friday, October 25th. UBS Group cut their price objective on Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating for the company in a report on Friday, November 15th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $41.00 price objective on shares of Western Midstream Partners in a research note on Monday, December 9th. Finally, Bank of America assumed coverage on Western Midstream Partners in a report on Thursday, October 17th. They issued an "underperform" rating and a $37.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Western Midstream Partners currently has an average rating of "Hold" and a consensus price target of $37.88.
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Western Midstream Partners Price Performance
Shares of WES stock traded down $0.09 during mid-day trading on Thursday, reaching $40.35. The company's stock had a trading volume of 713,880 shares, compared to its average volume of 1,413,380. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The firm's 50-day moving average is $40.16 and its two-hundred day moving average is $39.12. Western Midstream Partners has a 1-year low of $27.87 and a 1-year high of $43.33. The company has a market cap of $15.36 billion, a P/E ratio of 10.29, a PEG ratio of 1.36 and a beta of 2.88.
Western Midstream Partners (NYSE:WES - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.09). The firm had revenue of $883.36 million for the quarter, compared to the consensus estimate of $924.83 million. Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share.
Institutional Trading of Western Midstream Partners
A number of hedge funds have recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in Western Midstream Partners by 3.6% in the fourth quarter. HighTower Advisors LLC now owns 98,008 shares of the pipeline company's stock worth $3,766,000 after purchasing an additional 3,409 shares during the period. Citizens Financial Group Inc. RI bought a new position in Western Midstream Partners during the fourth quarter worth about $222,000. PNC Financial Services Group Inc. acquired a new position in Western Midstream Partners in the fourth quarter valued at about $231,000. Banco Santander S.A. raised its position in shares of Western Midstream Partners by 22.8% during the fourth quarter. Banco Santander S.A. now owns 19,974 shares of the pipeline company's stock worth $768,000 after purchasing an additional 3,715 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Western Midstream Partners during the 4th quarter valued at about $19,079,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.
Western Midstream Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.67%. Western Midstream Partners's dividend payout ratio (DPR) is presently 89.29%.
Western Midstream Partners Company Profile
(
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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.
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