Western Midstream Partners (NYSE:WES) Raised to “Moderate Buy” at US Capital Advisors

US Capital Advisors upgraded shares of Western Midstream Partners (NYSE:WES) from a hold rating to a moderate buy rating in a research report sent to investors on Tuesday,Zacks.com reports. US Capital Advisors also issued estimates for Western Midstream Partners’ Q4 2024 earnings at $0.87 EPS, FY2024 earnings at $4.05 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.

Other equities research analysts have also recently issued research reports about the company. Bank of America assumed coverage on Western Midstream Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $37.00 price objective for the company. Stifel Nicolaus upped their price objective on Western Midstream Partners from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, August 9th. Morgan Stanley downgraded Western Midstream Partners from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $42.00 to $40.00 in a report on Friday, October 25th. UBS Group decreased their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Finally, StockNews.com lowered shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Western Midstream Partners has an average rating of “Hold” and an average price target of $37.88.

Western Midstream Partners Trading Up 2.8 %

WES stock opened at $40.75 on Tuesday. Western Midstream Partners has a one year low of $26.81 and a one year high of $42.80. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.07 and a beta of 2.88. The company has a fifty day moving average price of $38.29 and a two-hundred day moving average price of $38.73. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11.

Western Midstream Partners (NYSE:WES) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.09). Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The company had revenue of $883.36 million for the quarter, compared to analyst estimates of $924.83 million. During the same quarter in the prior year, the business posted $0.70 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts anticipate that Western Midstream Partners will post 4.05 EPS for the current year.

Western Midstream Partners Dividend Announcement

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

Hedge Funds Weigh In On Western Midstream Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in Western Midstream Partners by 287.3% in the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock valued at $55,000 after acquiring an additional 1,066 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Western Midstream Partners in the 2nd quarter valued at $74,000. Triad Wealth Partners LLC bought a new position in shares of Western Midstream Partners in the 2nd quarter valued at $78,000. Cedar Mountain Advisors LLC raised its holdings in shares of Western Midstream Partners by 16.1% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 2,158 shares of the pipeline company’s stock worth $83,000 after buying an additional 299 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of Western Midstream Partners during the 3rd quarter worth $86,000. 42.94% of the stock is currently owned by institutional investors and hedge funds.

About Western Midstream Partners

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.