How to buy Western Midstream Partners (WES) stock

Western Midstream Partners, LP is an oil & gas midstream business based in the US. Western Midstream Partners shares (WES) are listed on the NYSE and all prices are listed in US Dollars. Western Midstream Partners employs 1,045 staff and has a trailing 12-month revenue of around 0.00.

Western Midstream Partners stock price (NYSE: WES)

Use our graph to track the performance of WES stocks over time.

Western Midstream Partners shares at a glance

• Key figures

Information last updated 2021-07-22.

Latest market close	$21.00
52-week range	$6.49 - $23.69
50-day moving average	$21.38
200-day moving average	$19.07
Wall St. target price	$24.07
PE ratio	8.9315
Dividend yield	$1.248 (6.34%)
Earnings per share (TTM)	$2.22

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Is it a good time to buy Western Midstream Partners stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Western Midstream Partners, LP by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Western Midstream Partners price performance over time

Historical closes compared with the close of $21 from 2021-05-26

1 week (2021-07-17)	N/A
1 month (2021-06-28)	-1.73%
3 months (2021-04-28)	3.09%
6 months (2021-01-24)	N/A

1 year (2020-07-24)	N/A
2 years (2019-07-24)	N/A
3 years (2018-07-24)	N/A
5 years (2016-07-24)	N/A

Is Western Midstream Partners under- or over-valued?

Valuing Western Midstream Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Western Midstream Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Western Midstream Partners's P/E ratio

Western Midstream Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Western Midstream Partners shares trade at around 9x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Western Midstream Partners's PEG ratio

Western Midstream Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.48. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Western Midstream Partners's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Western Midstream Partners's EBITDA

Western Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.7 billion.

The EBITDA is a measure of a Western Midstream Partners's overall financial performance and is widely used to measure a its profitability.

Western Midstream Partners financials

Revenue TTM	$2.7 billion
Operating margin TTM	45.77%
Gross profit TTM	$2 billion
Return on assets TTM	6.55%
Return on equity TTM	34.79%
Profit margin	35.5%
Book value	$6.83
Market capitalisation	$8.2 billion

TTM: trailing 12 months

Shorting Western Midstream Partners shares

There are currently 4.6 million Western Midstream Partners shares held short by investors – that's known as Western Midstream Partners's "short interest". This figure is 20.2% up from 3.9 million last month.

There are a few different ways that this level of interest in shorting Western Midstream Partners shares can be evaluated.

Western Midstream Partners's "short interest ratio" (SIR)

Western Midstream Partners's "short interest ratio" (SIR) is the quantity of Western Midstream Partners shares currently shorted divided by the average quantity of Western Midstream Partners shares traded daily (recently around 1.1 million). Western Midstream Partners's SIR currently stands at 4.41. In other words for every 100,000 Western Midstream Partners shares traded daily on the market, roughly 4410 shares are currently held short.

However Western Midstream Partners's short interest can also be evaluated against the total number of Western Midstream Partners shares, or, against the total number of tradable Western Midstream Partners shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Western Midstream Partners's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Western Midstream Partners shares in existence, roughly 10 shares are currently held short) or 0.0221% of the tradable shares (for every 100,000 tradable Western Midstream Partners shares, roughly 22 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Western Midstream Partners.

Find out more about how you can short Western Midstream Partners stock.

Western Midstream Partners share dividends

Dividend payout ratio: 54.46% of net profits

Recently Western Midstream Partners has paid out, on average, around 54.46% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.83% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Western Midstream Partners shareholders could enjoy a 6.83% return on their shares, in the form of dividend payments. In Western Midstream Partners's case, that would currently equate to about $1.248 per share.

Western Midstream Partners's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Western Midstream Partners's most recent dividend payout was on 13 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 April 2021 (the "ex-dividend date").

Have Western Midstream Partners's shares ever split?

Western Midstream Partners's shares were split on a 10:9 basis on 25 November 2014. So if you had owned 9 shares the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Western Midstream Partners shares – just the quantity. However, indirectly, the new 10% lower share price could have impacted the market appetite for Western Midstream Partners shares which in turn could have impacted Western Midstream Partners's share price.

Western Midstream Partners share price volatility

Over the last 12 months, Western Midstream Partners's shares have ranged in value from as little as $6.4908 up to $23.69. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Western Midstream Partners's is 3.8313. This would suggest that Western Midstream Partners's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Western Midstream Partners overview

Western Midstream Partners, LP, together with its subsidiaries, acquire, own, develop, and operate midstream assets primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids, and crude oil; and gathering and disposing of produced water. The company also buys and sells natural gas, NGLs, and condensate. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. The company was founded in 2007 and is headquartered in The Woodlands, Texas. Western Midstream Partners, LP operates as a subsidiary of Occidental Petroleum Corporation.

Frequently asked questions

What percentage of Western Midstream Partners is owned by insiders or institutions?
Currently 49.301% of Western Midstream Partners shares are held by insiders and 40.702% by institutions. How many people work for Western Midstream Partners?
Latest data suggests 1,045 work at Western Midstream Partners. When does the fiscal year end for Western Midstream Partners?
Western Midstream Partners's fiscal year ends in December. Where is Western Midstream Partners based?
Western Midstream Partners's address is: 9950 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 What is Western Midstream Partners's ISIN number?
Western Midstream Partners's international securities identification number is: US9586691035 What is Western Midstream Partners's CUSIP number?
Western Midstream Partners's Committee on Uniform Securities Identification Procedures number is: 958254104