WES FY2024 EPS Forecast Decreased by US Capital Advisors

Western Midstream Partners, LP (NYSE:WES) – Investment analysts at US Capital Advisors decreased their FY2024 EPS estimates for Western Midstream Partners in a research note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $4.05 per share for the year, down from their prior estimate of $4.17. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for Western Midstream Partners’ current full-year earnings is $4.05 per share. US Capital Advisors also issued estimates for Western Midstream Partners’ Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.96 EPS, FY2025 earnings at $3.56 EPS and FY2026 earnings at $3.84 EPS.

Western Midstream Partners (NYSE:WES) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.09). The business had revenue of $883.36 million during the quarter, compared to analyst estimates of $924.83 million. Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share.

Other analysts have also issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Western Midstream Partners from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, August 9th. UBS Group reduced their price objective on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Royal Bank of Canada upped their target price on shares of Western Midstream Partners from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. StockNews.com cut shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Morgan Stanley lowered shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $42.00 to $40.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.88.

Western Midstream Partners Price Performance

Western Midstream Partners stock opened at $40.75 on Thursday. The stock has a market capitalization of $15.51 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.07 and a beta of 2.88. The company’s fifty day moving average price is $38.29 and its 200 day moving average price is $38.73. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. Western Midstream Partners has a 1 year low of $26.81 and a 1 year high of $42.80.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WES. Tidal Investments LLC grew its position in Western Midstream Partners by 26.4% in the 3rd quarter. Tidal Investments LLC now owns 13,796 shares of the pipeline company’s stock valued at $528,000 after acquiring an additional 2,879 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Western Midstream Partners during the 3rd quarter worth approximately $166,000. Virtu Financial LLC purchased a new stake in shares of Western Midstream Partners in the 3rd quarter valued at approximately $409,000. M&T Bank Corp acquired a new stake in shares of Western Midstream Partners in the 3rd quarter valued at $765,000. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of Western Midstream Partners by 6,986.8% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company’s stock worth $27,114,000 after purchasing an additional 698,683 shares during the last quarter. Institutional investors and hedge funds own 42.94% of the company’s stock.

Western Midstream Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 8.59%. The ex-dividend date of this dividend was Friday, November 1st. Western Midstream Partners’s payout ratio is presently 89.29%.

Western Midstream Partners Company Profile

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.