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Western Midstream Partners (WES)
NYSE:WES
Western Midstream Partners (WES) Stock Price & Analysis
804 Followers
WES Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.06 - $41.73
Previous Close$40.96
Volume860.29K
Average Volume (3M)1.11M
Market Cap
$15.58B
Enterprise Value$23.35B
Total Cash (Recent Filing)$272.79M
Total Debt (Recent Filing)$7.90B
Price to Earnings (P/E)11.5
Beta0.86
Next Earnings
Aug 06, 2024EPS Estimate
$0.88Last Dividend Ex-Date
Apr 30, 2024Dividend Yield6.32%
Share Statistics
EPS (TTM)3.55
Shares Outstanding380,490,963
10 Day Avg. Volume1,429,411
30 Day Avg. Volume1,108,376
Standard Deviation0.27
R-Squared0.30
Alpha0.00519
Financial Highlights & Ratios
Price to Book (P/B)6.87
Price to Sales (P/S)4.71
Price to Cash Flow (P/CF)9.30
P/FCF Ratio13.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.38
Enterprise Value/Gross Profit7.51
Enterprise Value/Ebitda24.61
Forecast
1Y Price Target
$37.80Price Target Upside-9.46% Downside
Rating ConsensusHold
Number of Analyst Covering7
Western Midstream Partners News
Bulls Say, Bears Say
Bulls Say
Asset SalesWES completed the previously announced sale of ownership interests in multiple assets for total proceeds of $790MM.
Distribution IncreaseThe base distribution announcement has made the Street more comfortable capitalizing WES' free cash flow outlook by simplifying its strategy on equity return.
Earnings GuidanceWES posted a slight beat on 1Q24 adjusted EBITDA and pointed to the 'upper half' of its FY24 guidance range.
Bears Say
Capital ExpenditureFY24 capex was a bit higher than forecasted.
Financial PerformanceWES trades at a free cash flow yield slightly below the peer median.
ValuationMaintaining Equal Weight rating due to valuation concerns.
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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 $24.06 and its highest was $41.73 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 15 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 6.32%. See more information on Western Midstream Partners dividends here
What is Western Midstream Partners’s EPS estimate?
Western Midstream Partners’s EPS estimate is $0.88.
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.
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Western Midstream Partners Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$37.80 (-9.46% Downside)
$37.80 (-9.46% Downside)
Blogger Sentiment
Bullish
WES Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 260.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 9.9%
Last 30 Days ▲ 9.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
65.02%
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.
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WES Company Deck
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WES Earnings Call
Q1 2024
0:00 / 0:00
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WES Stock 12 Month Forecast
Average Price Target
$37.80
▼(-9.46% Downside)
Technical Analysis
Best Analysts Covering WES
1 Year
1 Year Success Rate
22/23 ratings generated profit
1 Year Average Return
+31.87%
reiterated a buy rating 2 months 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 +31.87% per trade.
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