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Western Midstream Partners (WES)
NYSE:WES
Holding WES?
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WES Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$26.49 - $42.80
Previous Close$37.39
Volume833.06K
Average Volume (3M)1.27M
Market Cap
$14.33B
Enterprise Value$21.17B
Total Cash (Recent Filing)$344.12M
Total Debt (Recent Filing)$7.15B
Price to Earnings (P/E)9.8
Beta0.71
Next Earnings
Nov 06, 2024EPS Estimate
$0.83Last Dividend Ex-Date
Nov 01, 2024Dividend Yield7.63%
Share Statistics
EPS (TTM)3.88
Shares Outstanding380,492,104
10 Day Avg. Volume1,060,501
30 Day Avg. Volume1,272,375
Standard Deviation0.27
R-Squared0.30
Alpha0.00737
Financial Highlights & Ratios
Price to Book (P/B)0.00
Price to Sales (P/S)4.22
Price to Cash Flow (P/CF)5.70
P/FCF Ratio12.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.46
Enterprise Value/Gross Profit9.04
Enterprise Value/Ebitda11.29
Forecast
1Y Price Target
$39.80Price Target Upside5.68% Upside
Rating ConsensusHold
Number of Analyst Covering6
Western Midstream Partners News
PremiumCompany Announcements
Western Midstream Partners Reports Strong Q3 Earnings
PremiumPre-Earnings
Is WES a Buy, Before Earnings?PremiumCompany Announcements
Western Midstream Partners Announces New CEO and Growth Outlook
Bulls Say, Bears Say
Bulls Say
Balance SheetWES' peer-leading balance sheet that boasts <3x debt/EBITDA metrics should allow the Street to capitalize future increases as well.
DistributionWES' guided base distribution increase is sizable ($3.50/unit annualized, +$1.20/unit), reflecting greater confidence in growth / leverage outlook following its asset sales and Meritage integration.
EarningsRaising our 2025 EBITDA estimate to $2,504MM from $2,490MM on higher volumes given several new agreements signed in Q2.
Bears Say
Capital ExpendituresFY24 capex was higher than forecasted at $775 million compared to the expected $740 million.
Financial PerformanceSlightly lowering the 2024 EBITDA estimate to $2,381MM from $2,400MM to reflect Q2 results and higher assumed O&M expenses.
ValuationWES trades at a free cash flow yield of 7.7%, which is slightly below the peer median of 8.8%.
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Ownership Overview
43.84% Insiders
11.38% Mutual Funds
2.54% Other Institutional Investors
32.15% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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WES FAQ
What was Western Midstream Partners’s price range in the past 12 months?
Western Midstream Partners lowest stock price was $26.49 and its highest was $42.80 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 Nov 06, 2024 which is 17 days ago.
How were Western Midstream Partners’s earnings last quarter?
Western Midstream Partners released its earnings results on Aug 07, 2024. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.838 by $0.132.
Is Western Midstream Partners overvalued?
According to Wall Street analysts Western Midstream Partners’s price is currently Undervalued.
Does Western Midstream Partners pay dividends?
Western Midstream Partners pays a Quarterly dividend of $0.88 which represents an annual dividend yield of 7.63%. See more information on Western Midstream Partners dividends here
What is Western Midstream Partners’s EPS estimate?
Western Midstream Partners’s EPS estimate is $0.83.
How many shares outstanding does Western Midstream Partners have?
Western Midstream Partners has 380,506,130 shares outstanding.
What happened to Western Midstream Partners’s price movement after its last earnings report?
Western Midstream Partners reported an EPS of $0.97 in its last earnings report, beating expectations of $0.838. Following the earnings report the stock price went up 1.126%.
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 584M.
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Western Midstream Partners Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$39.80 (5.68% Upside)
$39.80 (5.68% Upside)
Blogger Sentiment
Bullish
WES Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 1.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $697.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
50.79%
12-Months-Change
Fundamentals
Return on Equity
48.02%
Trailing 12-Months
Asset Growth
8.57%
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
Q2 2024
0:00 / 0:00
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WES Stock 12 Month Forecast
Average Price Target
$39.80
▲(5.68% Upside)
Technical Analysis
Best Analysts Covering WES
1 Year
1 Year Success Rate
22/25 ratings generated profit
1 Year Average Return
+26.97%
reiterated a buy rating 2 months ago
Copying Gabe Moreen's trades and holding each position for 1 Year would result in 88.00% of your transactions generating a profit, with an average return of +26.97% per trade.
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