Western Midstream Partners (NYSE:WES) Upgraded by US Capital Advisors to “Moderate Buy” Rating

US Capital Advisors upgraded shares of Western Midstream Partners (NYSE:WES) from a hold rating to a moderate buy rating in a research note published on Tuesday morning,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.

Several other research firms also recently issued reports on WES. UBS Group cut their price objective on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of Western Midstream Partners from $39.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, August 9th. 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 research note 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 Western Midstream Partners from an “equal weight” rating to an “underweight” rating and cut their price objective 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 given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.88.

Western Midstream Partners Trading Up 2.3 %

NYSE WES opened at $39.63 on Tuesday. Western Midstream Partners has a 12 month low of $26.81 and a 12 month high of $42.80. The stock has a market capitalization of $15.08 billion, a P/E ratio of 10.11, a PEG ratio of 1.04 and a beta of 2.88. The firm’s 50-day moving average is $38.27 and its two-hundred day moving average is $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 quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.09). The company had revenue of $883.36 million for the quarter, compared to analysts’ expectations of $924.83 million. Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The business’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 EPS. On average, sell-side analysts anticipate that Western Midstream Partners will post 4.09 earnings per share for the current year.

Western Midstream Partners Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 8.83%. Western Midstream Partners’s dividend payout ratio is currently 89.29%.

Institutional Investors Weigh In On Western Midstream Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC increased its holdings in shares of Western Midstream Partners by 16.1% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 2,158 shares of the pipeline company’s stock valued at $83,000 after acquiring an additional 299 shares during the period. Bleakley Financial Group LLC lifted its position in Western Midstream Partners by 5.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,711 shares of the pipeline company’s stock worth $218,000 after acquiring an additional 311 shares during the period. Albert D Mason Inc. grew its stake in shares of Western Midstream Partners by 0.7% in the 2nd quarter. Albert D Mason Inc. now owns 48,760 shares of the pipeline company’s stock valued at $1,937,000 after purchasing an additional 333 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Western Midstream Partners by 6.2% in the third quarter. Concurrent Investment Advisors LLC now owns 6,053 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 352 shares during the period. Finally, Truist Financial Corp raised its stake in shares of Western Midstream Partners by 1.9% during the second quarter. Truist Financial Corp now owns 22,508 shares of the pipeline company’s stock worth $894,000 after purchasing an additional 421 shares during the last quarter. 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.