US Capital Advisors Brokers Lower Earnings Estimates for WES

Western Midstream Partners, LP (NYSE:WES) – Stock analysts at US Capital Advisors dropped their FY2024 EPS estimates for Western Midstream Partners in a note issued to investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $4.04 for the year, down from their previous estimate of $4.05. US Capital Advisors has a “Moderate Buy” rating on the stock. The consensus estimate for Western Midstream Partners’ current full-year earnings is $4.02 per share. US Capital Advisors also issued estimates for Western Midstream Partners’ Q4 2024 earnings at $0.86 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $3.51 EPS and FY2026 earnings at $3.79 EPS.

Western Midstream Partners (NYSE:WES) last posted 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). Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The firm had revenue of $883.36 million during the quarter, compared to analyst estimates of $924.83 million. During the same period in the prior year, the company posted $0.70 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year.

A number of other research firms have also weighed in on WES. UBS Group lowered their price objective on 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. Bank of America began coverage on Western Midstream Partners in a research report on Thursday, October 17th. They set an “underperform” rating and a $37.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research report on Monday, December 9th. 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 cut 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 report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Western Midstream Partners has a consensus rating of “Hold” and a consensus price target of $37.88.

Western Midstream Partners Trading Up 0.3 %

WES opened at $40.73 on Wednesday. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.38 and a beta of 2.88. The company’s 50 day simple moving average is $40.12 and its two-hundred day simple moving average is $39.11. Western Midstream Partners has a 1-year low of $27.84 and a 1-year high of $43.33. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Investors Weigh In On Western Midstream Partners

Several institutional investors have recently made changes to their positions in WES. Global Retirement Partners LLC purchased a new position in Western Midstream Partners in the fourth quarter valued at about $51,000. Empowered Funds LLC purchased a new position in shares of Western Midstream Partners in the fourth quarter valued at $53,000. Farther Finance Advisors LLC raised its stake in shares of Western Midstream Partners by 287.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock worth $55,000 after buying an additional 1,066 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Western Midstream Partners in the 4th quarter valued at about $58,000. Finally, Avondale Wealth Management purchased a new position in Western Midstream Partners during the 4th quarter valued at about $77,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.59%. Western Midstream Partners’s dividend payout ratio (DPR) is presently 89.29%.

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.