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 wish to register for the company’s conference call can do so using this link.

Western Midstream Partners Stock Performance

NYSE:WES opened at $41.15 on Monday. The stock’s fifty day moving average is $40.36 and its 200 day moving average is $39.17. Western Midstream Partners has a fifty-two week low of $31.60 and a fifty-two week high of $43.33. The firm has a market capitalization of $15.66 billion, a PE ratio of 10.50, a PEG ratio of 1.40 and a beta of 2.88. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 8.51%. Western Midstream Partners’s payout ratio is presently 89.29%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group decreased their price target on 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. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. StockNews.com lowered shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.88.

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.