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 02/23/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.59. The reported EPS for the same quarter last year was $0.62.

Analyst Opinion on Western Midstream Partners (NYSE:WES)

12 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 $16.60, predicting that the stock has a possible upside of 5.13%. The high price target for WES is $22.00 and the low price target for WES is $12.00. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Western Midstream Partners has received a consensus rating of Buy. The company’s average rating score is 2.58, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $16.60, Western Midstream Partners has a forecasted upside of 5.1% from its current price of $15.79. Western Midstream Partners has been the subject of 7 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 7.81%, 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 17.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.65. The P/E ratio of Western Midstream Partners is 17.16, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 26.40. Western Midstream Partners has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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