Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Western Midstream Partners (WES)
NYSE:WES
Western Midstream Partners (WES) Stock Price & Analysis
736 Followers
WES Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$22.99 - $38.34
Previous Close$38.04
Volume855.79K
Average Volume (3M)1.37M
Market Cap
$14.47B
Enterprise Value$21.38B
Total Cash (Recent Filing)$489.49M
Total Debt (Recent Filing)$7.26B
Price to Earnings (P/E)10.7
Beta0.89
Next Earnings
Aug 06, 2024EPS Estimate
$0.86Last Dividend Ex-Date
Apr 30, 2024Dividend Yield6.8%
Share Statistics
EPS (TTM)3.55
Shares Outstanding380,490,963
10 Day Avg. Volume1,506,140
30 Day Avg. Volume1,369,890
Standard Deviation0.27
R-Squared0.30
Alpha0.00817
Financial Highlights & Ratios
Price to Book (P/B)6.80
Price to Sales (P/S)4.45
Price to Cash Flow (P/CF)9.20
P/FCF Ratio52.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.51
Enterprise Value/Gross Profit6.57
Enterprise Value/Ebitda19.47
Forecast
1Y Price Target
$36.00Price Target Upside-5.36% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Western Midstream Partners News
Bulls Say, Bears Say
Bulls Say
Distribution IncreaseThe guided base distribution increase for WES reflects greater confidence in the company's growth and leverage outlook, emphasizing a strong financial future.
Financial GuidanceAnalysts highlight WES's robust financial outlook as the company announces asset sales and stronger than expected financial guidance, indicating a solid financial health.
Free Cash FlowWES's plan to raise its quarterly distribution showcases the partnership's trust in its free cash flow potential and balance sheet strength, fostering increased investor confidence.
Bears Say
Cash Flow ConcernsThe substantial increase in quarterly distribution could lead to a shortfall in free cash flow and limit financial flexibility in the near term.
Financial PerformanceFCF/unit of $0.59 was below forecast due to lower product-based service.
ValuationThe stock still looks relatively pricey on traditional metrics like EV/EBITDA and FCF yield.
---
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
WES FAQ
What was Western Midstream Partners’s price range in the past 12 months?
Western Midstream Partners lowest stock price was $22.98 and its highest was $38.34 in the past 12 months.
What is Western Midstream Partners’s market cap?
Currently, no data Available
When is Western Midstream Partners’s upcoming earnings report date?
Western Midstream Partners’s upcoming earnings report date is Aug 06, 2024 which is in 79 days.
How were Western Midstream Partners’s earnings last quarter?
Western Midstream Partners released its earnings results on May 08, 2024. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $0.766 by $0.704.
Is Western Midstream Partners overvalued?
According to Wall Street analysts Western Midstream Partners’s price is currently Overvalued.
Does Western Midstream Partners pay dividends?
Western Midstream Partners pays a Quarterly dividend of $0.88 which represents an annual dividend yield of 6.8%. See more information on Western Midstream Partners dividends here
What is Western Midstream Partners’s EPS estimate?
Western Midstream Partners’s EPS estimate is $0.86.
How many shares outstanding does Western Midstream Partners have?
Western Midstream Partners has 380,490,970 shares outstanding.
What happened to Western Midstream Partners’s price movement after its last earnings report?
Western Midstream Partners reported an EPS of $1.47 in its last earnings report, beating expectations of $0.766. Following the earnings report the stock price went up 2.676%.
Which hedge fund is a major shareholder of Western Midstream Partners?
Among the largest hedge funds holding Western Midstream Partners’s share is Blackstone Inc.. It holds Western Midstream Partners’s shares valued at 461M.
---
Western Midstream Partners Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$36.00 (-5.36% Downside)
$36.00 (-5.36% Downside)
Blogger Sentiment
Bullish
WES Sentiment 90%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 260.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $840.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 11.7%
Last 30 Days ▲ 23.1%
Last 30 Days ▲ 23.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
60.68%
12-Months-Change
Fundamentals
Return on Equity
43.81%
Trailing 12-Months
Asset Growth
10.38%
Trailing 12-Months
Company Description
Western Midstream Partners
Western Midstream Partners LP owns, operates, acquires and develops midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.
---
WES Company Deck
---
WES Earnings Call
Q1 2024
0:00 / 0:00
---
WES Stock 12 Month Forecast
Average Price Target
$36.00
▼(-5.36% Downside)
Technical Analysis
Best Analysts Covering WES
1 Year
1 Year Success Rate
22/23 ratings generated profit
1 Year Average Return
+28.45%
reiterated a buy rating 11 days ago
Copying Gabe Moreen's trades and holding each position for 1 Year would result in 95.65% of your transactions generating a profit, with an average return of +28.45% per trade.
---