Western Midstream Partners, LP (WES) Stock Forecast, Price Target & Predictions
WES Stock Forecast
Western Midstream Partners, LP stock forecast is as follows: an average price target of $41.00 (represents a -1.91% downside from WES’s last price of $41.80) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.
WES Price Target
The average price target for Western Midstream Partners, LP (WES) is $41.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $41.00 to $41.00. This represents a potential -1.91% downside from WES's last price of $41.80.
WES Analyst Ratings
According to 6 Wall Street analysts, Western Midstream Partners, LP's rating consensus is 'Hold'. The analyst rating breakdown for WES stock is 0 'Strong Buy' (0.00%), 1 'Buy' (16.67%), 5 'Hold' (83.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Western Midstream Partners, LP Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Elvira Scotto | RBC Capital | $41.00 | $38.95 | 5.26% | -1.91% |
| Aug 27, 2024 | Elvira Scotto | RBC Capital | $38.00 | $38.27 | -0.71% | -9.09% |
| Jul 10, 2024 | Selman Akyol | Stifel Nicolaus | $39.00 | $41.18 | -5.29% | -6.70% |
| Jun 10, 2024 | Robert Kad | Morgan Stanley | $42.00 | $38.24 | 9.83% | 0.48% |
| May 21, 2024 | Michael Blum | Wells Fargo | $35.00 | $38.58 | -9.28% | -16.27% |
| May 07, 2024 | Gabriel Moreen | Mizuho Securities | $39.00 | $35.64 | 9.43% | -6.70% |
| Jan 09, 2023 | Morgan Stanley | $37.00 | $26.98 | 37.14% | -11.48% | |
| Dec 09, 2022 | Citigroup | $33.00 | $25.61 | 28.86% | -21.05% | |
| Apr 26, 2022 | Morgan Stanley | $31.00 | $24.17 | 28.26% | -25.84% |
The latest Western Midstream Partners, LP stock forecast, released on Oct 16, 2024 by Elvira Scotto from RBC Capital, set a price target of $41.00, which represents a 5.26% increase from the stock price at the time of the forecast ($38.95), and a -1.91% decrease from WES last price ($41.80).
Western Midstream Partners, LP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $39.00 |
| Last Closing Price | $41.80 | $41.80 | $41.80 |
| Upside/Downside | -100.00% | -100.00% | -6.70% |
In the current month, the average price target of Western Midstream Partners, LP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Western Midstream Partners, LP's last price of $41.80. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Sep 16, 2024 | Stifel Nicolaus | Sector Perform | Sector Perform | Hold |
| Sep 16, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Sep 16, 2024 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Aug 27, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 11, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jun 10, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| May 21, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Apr 18, 2024 | Wolfe Research | Above Average | Peer Perform | Upgrade |
| Apr 18, 2024 | Wolfe Research | Above Average | Upgrade | |
| May 08, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Jan 09, 2023 | Morgan Stanley | Overweight | Overweight | Hold |
| Dec 09, 2022 | Citigroup | Buy | Initialise | |
| Apr 26, 2022 | Morgan Stanley | Overweight | Overweight | Hold |
| Apr 26, 2022 | Zacks Investment Research | Hold | Upgrade |
Western Midstream Partners, LP's last stock rating was published by RBC Capital on Oct 16, 2024. The company gave WES a "Sector Perform" rating, the same as its previous rate.
Western Midstream Partners, LP Financial Forecast
Western Midstream Partners, LP Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $776.01M | $738.27M | $733.98M | $779.44M | $837.57M | $876.42M | $758.30M | $719.21M | $763.84M | $719.13M | $674.97M | $647.48M | $679.04M |
| Avg Forecast | $1.01B | $1.00B | $997.14M | $988.18M | $1.01B | $991.26M | $991.80M | $981.44M | $979.92M | $948.18M | $944.49M | $935.26M | $927.19M | $924.83M | $904.94M | $868.22M | $850.23M | $798.38M | $795.73M | $759.13M | $816.35M | $860.33M | $796.73M | $730.94M | $762.52M | $731.20M | $682.56M | $654.34M | $663.58M | $662.92M |
| High Forecast | $1.02B | $1.01B | $1.01B | $1.00B | $1.03B | $1.00B | $1.00B | $993.81M | $992.27M | $960.13M | $956.40M | $940.48M | $938.52M | $926.38M | $904.94M | $868.22M | $858.79M | $914.74M | $805.76M | $768.70M | $835.59M | $860.33M | $796.73M | $730.94M | $762.52M | $731.20M | $682.56M | $654.34M | $663.58M | $662.92M |
| Low Forecast | $994.77M | $989.63M | $984.57M | $975.72M | $1.00B | $978.77M | $979.30M | $969.06M | $967.56M | $936.22M | $932.59M | $930.03M | $915.86M | $923.28M | $904.94M | $868.22M | $841.67M | $732.39M | $785.70M | $749.56M | $805.60M | $860.33M | $796.73M | $730.94M | $762.52M | $731.20M | $682.56M | $654.34M | $663.58M | $662.92M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.93% | 0.97% | 0.95% | 0.97% | 1.10% | 1.04% | 0.94% | 1.04% | 1.05% | 1.03% | 0.98% | 1.02% |
Western Midstream Partners, LP's average Quarter revenue forecast for Dec 23 based on 2 analysts is $850.23M, with a low forecast of $841.67M, and a high forecast of $858.79M. WES's average Quarter revenue forecast represents a 9.56% increase compared to the company's last Quarter revenue of $776.01M (Sep 23).
Western Midstream Partners, LP EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $342.81M | $310.89M | $490.57M | $346.07M | $510.97M | $534.55M | $536.11M | $459.96M | $486.66M | $462.68M | $412.61M | $470.29M | $474.31M |
| Avg Forecast | $622.68M | $619.46M | $616.29M | $610.76M | $627.22M | $612.66M | $612.99M | $606.59M | $605.65M | $586.03M | $583.75M | $578.05M | $573.06M | $571.60M | $559.31M | $369.29M | $525.49M | $493.45M | $491.81M | $335.72M | $560.45M | $556.43M | $515.30M | $305.20M | $493.17M | $472.92M | $441.46M | $489.02M | $429.18M | $428.76M |
| High Forecast | $630.53M | $627.27M | $624.06M | $618.46M | $635.13M | $620.39M | $620.72M | $614.23M | $613.28M | $593.42M | $591.11M | $581.28M | $580.06M | $572.56M | $559.31M | $443.15M | $530.78M | $565.36M | $498.01M | $402.86M | $672.54M | $556.43M | $515.30M | $366.24M | $493.17M | $472.92M | $441.46M | $586.82M | $429.18M | $428.76M |
| Low Forecast | $614.83M | $611.65M | $608.52M | $603.06M | $619.31M | $604.94M | $605.27M | $598.94M | $598.01M | $578.64M | $576.39M | $574.82M | $566.06M | $570.64M | $559.31M | $295.43M | $520.20M | $452.66M | $485.61M | $268.58M | $448.36M | $556.43M | $515.30M | $244.16M | $493.17M | $472.92M | $441.46M | $391.22M | $429.18M | $428.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.63% | 1.46% | 0.62% | 0.92% | 1.04% | 1.76% | 0.93% | 1.03% | 1.05% | 0.84% | 1.10% | 1.11% |
2 analysts predict WES's average Quarter EBITDA for Dec 23 to be $525.49M, with a high of $530.78M and a low of $520.20M. This is 53.29% upper than Western Midstream Partners, LP's previous annual EBITDA (Sep 23) of $342.81M.
Western Midstream Partners, LP Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 16 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $277.30M | $252.92M | $203.65M | $336.32M | $265.75M | $306.32M | $308.72M | $250.85M | $255.72M | $231.26M | $185.79M | $263.89M | $246.61M |
| Avg Forecast | $367.32M | $352.01M | $352.01M | $348.18M | $376.55M | $358.55M | $350.75M | $360.41M | $358.03M | $327.49M | $323.00M | $328.44M | $326.34M | $319.27M | $320.75M | $287.82M | $301.24M | $242.18M | $254.04M | $261.65M | $296.72M | $283.81M | $293.26M | $237.86M | $249.86M | $240.77M | $219.28M | $220.20M | $224.85M | $194.32M |
| High Forecast | $373.33M | $357.78M | $357.78M | $353.89M | $382.72M | $364.43M | $356.49M | $366.31M | $363.90M | $332.86M | $328.30M | $336.26M | $360.89M | $323.01M | $320.81M | $345.38M | $332.14M | $261.10M | $258.20M | $313.98M | $356.06M | $283.81M | $293.26M | $285.44M | $249.86M | $240.77M | $219.28M | $264.24M | $224.85M | $194.32M |
| Low Forecast | $361.30M | $346.24M | $346.24M | $342.48M | $370.38M | $352.68M | $345.00M | $354.50M | $352.16M | $322.12M | $317.70M | $324.53M | $280.27M | $315.52M | $320.69M | $230.25M | $278.07M | $227.04M | $249.88M | $209.32M | $237.37M | $283.81M | $293.26M | $190.29M | $249.86M | $240.77M | $219.28M | $176.16M | $224.85M | $194.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.00% | 0.78% | 1.13% | 0.94% | 1.04% | 1.30% | 1.00% | 1.06% | 1.05% | 0.84% | 1.17% | 1.27% |
Western Midstream Partners, LP's average Quarter net income forecast for Dec 23 is $301.24M, with a range of $278.07M to $332.14M. WES's average Quarter net income forecast represents a 8.64% increase compared to the company's last Quarter net income of $277.30M (Sep 23).
Western Midstream Partners, LP SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $55.05M | $53.41M | $51.12M | $49.38M | $48.19M | $47.85M | $48.60M | $55.58M | $50.41M | $44.45M | $45.12M | $37.30M | $41.58M |
| Avg Forecast | $60.53M | $60.22M | $59.91M | $59.38M | $60.98M | $59.56M | $59.59M | $58.97M | $58.88M | $56.97M | $56.75M | $56.20M | $55.71M | $55.57M | $54.37M | $45.31M | $51.09M | $47.97M | $47.81M | $41.19M | $67.72M | $51.69M | $47.87M | $37.45M | $45.82M | $43.93M | $41.01M | $53.47M | $39.87M | $39.83M |
| High Forecast | $61.30M | $60.98M | $60.67M | $60.12M | $61.74M | $60.31M | $60.34M | $59.71M | $59.62M | $57.69M | $57.47M | $56.51M | $56.39M | $55.66M | $54.37M | $54.37M | $51.60M | $54.96M | $48.41M | $49.43M | $81.26M | $51.69M | $47.87M | $44.94M | $45.82M | $43.93M | $41.01M | $64.16M | $39.87M | $39.83M |
| Low Forecast | $59.77M | $59.46M | $59.16M | $58.63M | $60.21M | $58.81M | $58.84M | $58.23M | $58.14M | $56.25M | $56.03M | $55.88M | $55.03M | $55.48M | $54.37M | $36.25M | $50.57M | $44.01M | $47.21M | $32.95M | $54.17M | $51.69M | $47.87M | $29.96M | $45.82M | $43.93M | $41.01M | $42.78M | $39.87M | $39.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.12% | 1.24% | 0.73% | 0.93% | 1.00% | 1.30% | 1.21% | 1.15% | 1.08% | 0.84% | 0.94% | 1.04% |
Western Midstream Partners, LP's average Quarter SG&A projection for Dec 23 is $51.09M, based on 2 Wall Street analysts, with a range of $50.57M to $51.60M. The forecast indicates a -7.20% fall compared to WES last annual SG&A of $55.05M (Sep 23).
Western Midstream Partners, LP EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 16 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.72 | $0.66 | $0.54 | $0.85 | $0.67 | $0.74 | $0.75 | $0.62 | $0.61 | $0.55 | $0.44 | $0.62 | $0.55 |
| Avg Forecast | $0.96 | $0.92 | $0.92 | $0.91 | $0.98 | $0.94 | $0.92 | $0.94 | $0.94 | $0.86 | $0.84 | $0.86 | $0.85 | $0.83 | $0.84 | $0.77 | $0.79 | $0.63 | $0.66 | $0.64 | $0.72 | $0.74 | $0.77 | $0.62 | $0.65 | $0.63 | $0.57 | $0.54 | $0.59 | $0.51 |
| High Forecast | $0.98 | $0.94 | $0.94 | $0.92 | $1.00 | $0.95 | $0.93 | $0.96 | $0.95 | $0.87 | $0.86 | $0.88 | $0.94 | $0.84 | $0.84 | $0.77 | $0.87 | $0.68 | $0.67 | $0.65 | $0.74 | $0.74 | $0.77 | $0.62 | $0.65 | $0.63 | $0.57 | $0.54 | $0.59 | $0.51 |
| Low Forecast | $0.94 | $0.90 | $0.90 | $0.90 | $0.97 | $0.92 | $0.90 | $0.93 | $0.92 | $0.84 | $0.83 | $0.85 | $0.73 | $0.82 | $0.84 | $0.77 | $0.73 | $0.59 | $0.65 | $0.63 | $0.71 | $0.74 | $0.77 | $0.62 | $0.65 | $0.63 | $0.57 | $0.54 | $0.59 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 0.99% | 0.84% | 1.18% | 0.90% | 0.96% | 1.22% | 0.95% | 0.97% | 0.96% | 0.81% | 1.05% | 1.08% |
According to 2 Wall Street analysts, Western Midstream Partners, LP's projected average Quarter EPS for Dec 23 is $0.79, with a low estimate of $0.73 and a high estimate of $0.87. This represents a 9.35% increase compared to WES previous annual EPS of $0.72 (Sep 23).
Western Midstream Partners, LP Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GEL | Genesis Energy | $10.47 | $13.00 | 24.16% | Buy |
| EPD | Enterprise Products Partners | $33.65 | $36.50 | 8.47% | Buy |
| ET | Energy Transfer LP | $20.53 | $21.50 | 4.72% | Buy |
| WES | Western Midstream Partners, LP | $41.80 | $41.00 | -1.91% | Hold |
| PAA | Plains All American Pipeline | $20.64 | $20.00 | -3.10% | Hold |
| MPLX | MPLX LP | $51.70 | $48.67 | -5.86% | Buy |
| AM | Antero Midstream | $15.66 | $14.50 | -7.41% | Buy |
| HESM | Hess Midstream LP | $41.70 | $34.33 | -17.67% | Hold |
| DTM | DT Midstream | $100.56 | $82.00 | -18.46% | Buy |