Earnings and Growth Analysis : Western Midstream Partners (NYSE:WES)

Earnings results for Western Midstream Partners (NYSE:WES)

Western Midstream Partners, LP is expected* to report earnings on 11/09/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.51. The reported EPS for the same quarter last year was $0.27.

Western Midstream Partners last posted its earnings results on August 10th, 2020. The pipeline company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The business earned $671.80 million during the quarter, compared to analyst estimates of $669.91 million. Its quarterly revenue was down 1.9% on a year-over-year basis. Western Midstream Partners has generated $1.59 earnings per share over the last year and currently has a price-to-earnings ratio of 8.5. Western Midstream Partners has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020. Western Midstream Partners will be holding an earnings conference call on Monday, November 9th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Western Midstream Partners (NYSE:WES)

10 Wall Street analysts have issued ratings and price targets for Western Midstream Partners in the last 12 months. Their average twelve-month price target is $11.22, predicting that the stock has a possible upside of 43.14%. The high price target for WES is $23.00 and the low price target for WES is $5.00. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Western Midstream Partners has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 3 buy ratings, 4 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $11.22, Western Midstream Partners has a forecasted upside of 43.1% from its current price of $7.84. Western Midstream Partners has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Western Midstream Partners (NYSE:WES)

Western Midstream Partners is a leading dividend payer. It pays a dividend yield of 14.99%, putting its dividend yield in the top 25% of dividend-paying stocks. Western Midstream Partners has only been increasing its dividend for 1 years. The dividend payout ratio of Western Midstream Partners is 77.99%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Western Midstream Partners will have a dividend payout ratio of 65.26% next year. This indicates that Western Midstream Partners will be able to sustain or increase its dividend.

Insiders buying/selling: Western Midstream Partners (NYSE:WES)

In the past three months, Western Midstream Partners insiders have not sold or bought any company stock. Only 0.01% of the stock of Western Midstream Partners is held by insiders. Only 34.87% of the stock of Western Midstream Partners is held by institutions.

Earnings and Valuation of Western Midstream Partners (NYSE:WES

Earnings for Western Midstream Partners are expected to decrease by -17.75% in the coming year, from $2.31 to $1.90 per share. The P/E ratio of Western Midstream Partners is 8.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.83. The P/E ratio of Western Midstream Partners is 8.52, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.50. Western Midstream Partners has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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