Western Midstream Partners, LP (NYSE:WES – Free Report) – Equities researchers at US Capital Advisors decreased their FY2028 earnings per share estimates for shares of Western Midstream Partners in a research note issued to investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $4.17 for the year, down from their previous estimate of $4.18. The consensus estimate for Western Midstream Partners’ current full-year earnings is $3.66 per share.
WES has been the topic of a number of other reports. UBS Group raised their price objective on Western Midstream Partners from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Mizuho boosted their target price on Western Midstream Partners from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Stifel Nicolaus initiated coverage on Western Midstream Partners in a report on Thursday, September 10th. They set a “buy” rating and a $55.00 target price for the company. Citigroup increased their target price on shares of Western Midstream Partners from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Truist Financial started coverage on shares of Western Midstream Partners in a report on Thursday, September 17th. They issued a “buy” rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.89.
Check Out Our Latest Stock Analysis on WES
Western Midstream Partners Price Performance
WES stock opened at $45.01 on Thursday. The company has a market cap of $18.59 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.02. The stock has a 50-day moving average price of $46.59 and a two-hundred day moving average price of $44.11. Western Midstream Partners has a 12-month low of $36.90 and a 12-month high of $50.07.
Western Midstream Partners (NYSE:WES – Get Free Report) last issued its earnings results on Wednesday, August 5th. The pipeline company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. Western Midstream Partners had a return on equity of 33.13% and a net margin of 29.44%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in WES. Pension & Wealth Management Advisors Inc. acquired a new position in Western Midstream Partners during the 3rd quarter worth approximately $25,000. Continuum Advisory LLC purchased a new position in Western Midstream Partners in the 2nd quarter worth approximately $41,000. Farther Finance Advisors LLC boosted its holdings in Western Midstream Partners by 37.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 924 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 254 shares during the period. Toth Financial Advisory Corp grew its position in Western Midstream Partners by 209.4% in the second quarter. Toth Financial Advisory Corp now owns 1,835 shares of the pipeline company’s stock valued at $80,000 after acquiring an additional 1,242 shares in the last quarter. Finally, MADDEN SECURITIES Corp acquired a new stake in Western Midstream Partners in the third quarter valued at approximately $89,000. 84.82% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Western Midstream Partners news, Director Frederick Forthuber purchased 5,140 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $48.62 per share, with a total value of $249,906.80. Following the transaction, the director owned 5,140 shares in the company, valued at approximately $249,906.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.
Western Midstream Partners Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Monday, November 2nd. Western Midstream Partners’s dividend payout ratio is 116.98%.
Western Midstream Partners Company Profile
Western Midstream Partners, L.P. (NYSE:WES) is a master limited partnership that owns and operates midstream energy infrastructure in the United States. The company provides gathering, processing, transportation, storage and treating services for natural gas, crude oil, natural gas liquids and produced water.
Western Midstream’s assets include gathering systems, processing plants, pipelines, storage facilities and water-handling infrastructure. These facilities connect oil and gas producers with downstream markets and are generally supported by long-term commercial arrangements.
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