FY2027 EPS Estimates for WES Cut by US Capital Advisors

Western Midstream Partners, LP (NYSE:WES) – Investment analysts at US Capital Advisors decreased their FY2027 earnings estimates for Western Midstream Partners in a report issued on Monday, March 23rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $3.55 per share for the year, down from their previous estimate of $4.02. The consensus estimate for Western Midstream Partners’ current full-year earnings is $4.02 per share.

Western Midstream Partners (NYSE:WES) last released its quarterly earnings data on Wednesday, February 18th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.44). Western Midstream Partners had a net margin of 30.52% and a return on equity of 33.14%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business earned $0.85 EPS. Western Midstream Partners’s revenue for the quarter was up 11.1% compared to the same quarter last year.

WES has been the topic of several other reports. Wall Street Zen cut Western Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Stifel Nicolaus lowered their price objective on Western Midstream Partners from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Royal Bank Of Canada lifted their target price on Western Midstream Partners from $39.00 to $42.00 and gave the stock a “sector perform” rating in a report on Friday, November 28th. JPMorgan Chase & Co. cut their target price on Western Midstream Partners from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, Wells Fargo & Company increased their price target on Western Midstream Partners from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Western Midstream Partners presently has an average rating of “Hold” and a consensus target price of $41.71.

Western Midstream Partners Stock Up 1.6%

Shares of NYSE WES opened at $42.67 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.97. Western Midstream Partners has a 12-month low of $33.60 and a 12-month high of $44.74. The firm’s 50-day moving average price is $41.51 and its 200-day moving average price is $39.85. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 14.22 and a beta of 0.76.

Institutional Trading of Western Midstream Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. boosted its stake in shares of Western Midstream Partners by 0.9% during the fourth quarter. Alps Advisors Inc. now owns 35,074,357 shares of the pipeline company’s stock valued at $1,385,437,000 after purchasing an additional 299,631 shares during the period. Invesco Ltd. lifted its holdings in Western Midstream Partners by 0.3% during the 3rd quarter. Invesco Ltd. now owns 24,292,437 shares of the pipeline company’s stock valued at $954,450,000 after buying an additional 81,183 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Western Midstream Partners by 10.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,562,213 shares of the pipeline company’s stock valued at $377,707,000 after buying an additional 936,376 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Western Midstream Partners by 15.8% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 8,539,175 shares of the pipeline company’s stock valued at $337,297,000 after buying an additional 1,163,991 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Western Midstream Partners in the 3rd quarter valued at about $300,257,000. 84.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Western Midstream Partners news, Director Robert G. Phillips purchased 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $40.19 per share, with a total value of $50,237.50. Following the purchase, the director owned 5,296 shares of the company’s stock, valued at approximately $212,846.24. The trade was a 30.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher B. Dial sold 5,879 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $42.35, for a total value of $248,975.65. Following the transaction, the senior vice president owned 185,011 shares of the company’s stock, valued at approximately $7,835,215.85. The trade was a 3.08% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.04% of the company’s stock.

Western Midstream Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Monday, February 2nd. Western Midstream Partners’s payout ratio is 121.33%.

Western Midstream Partners Company Profile

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.