Western Midstream Partners (WES) to Release Quarterly Earnings on Wednesday

Western Midstream Partners (NYSE:WES) is projected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.84 per share and revenue of $933.28 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Western Midstream Partners Trading Up 2.4 %

Shares of Western Midstream Partners stock opened at $41.54 on Wednesday. Western Midstream Partners has a 1 year low of $29.07 and a 1 year high of $43.33. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $15.81 billion, a P/E ratio of 10.60, a PEG ratio of 1.36 and a beta of 2.88. The company’s fifty day moving average is $40.19 and its two-hundred day moving average is $39.09.

Western Midstream Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 8.43%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s payout ratio is currently 89.29%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. US Capital Advisors upgraded shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. StockNews.com cut shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Royal Bank of Canada restated a “sector perform” rating and issued a $41.00 target price on shares of Western Midstream Partners in a research note on Monday, December 9th. Morgan Stanley cut shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $42.00 to $40.00 in a research note on Friday, October 25th. Finally, UBS Group reduced their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Western Midstream Partners has a consensus rating of “Hold” and an average price target of $37.88.

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.