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 $40.00 (represents a 4.28% upside from WES’s last price of $38.36) 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 $40.00 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 $39.00. This represents a potential 4.28% upside from WES's last price of $38.36.
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% | 6.88% |
| Aug 27, 2024 | Elvira Scotto | RBC Capital | $38.00 | $38.27 | -0.71% | -0.94% |
| Jul 10, 2024 | Selman Akyol | Stifel Nicolaus | $39.00 | $41.18 | -5.29% | 1.67% |
| Jun 10, 2024 | Robert Kad | Morgan Stanley | $42.00 | $38.24 | 9.83% | 9.49% |
| May 21, 2024 | Michael Blum | Wells Fargo | $35.00 | $38.58 | -9.28% | -8.76% |
| May 07, 2024 | Gabriel Moreen | Mizuho Securities | $39.00 | $35.64 | 9.43% | 1.67% |
| Jan 09, 2023 | Morgan Stanley | $37.00 | $26.98 | 37.14% | -3.55% | |
| Dec 09, 2022 | Citigroup | $33.00 | $25.61 | 28.86% | -13.97% | |
| Apr 26, 2022 | Morgan Stanley | $31.00 | $24.17 | 28.26% | -19.19% |
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 6.88% increase from WES last price ($38.36).
Western Midstream Partners, LP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 6 |
| Avg Price Target | - | $41.00 | $39.00 |
| Last Closing Price | $38.36 | $38.36 | $38.36 |
| Upside/Downside | -100.00% | 6.88% | 1.67% |
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 $38.36. This month's average price target is down -100.00% 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 | $1.02B | $1.01B | $1.01B | $996.23M | $1.02B | $993.81M | $994.31M | $983.91M | $982.33M | $948.92M | $944.61M | $934.53M | $926.84M | $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 | $1.04B | $1.04B | $1.03B | $1.02B | $1.04B | $1.02B | $1.02B | $1.01B | $1.01B | $971.29M | $966.87M | $939.75M | $938.17M | $926.38M | $904.94M | $868.22M | $858.79M | $914.74M | $814.49M | $777.03M | $835.59M | $860.33M | $796.73M | $730.94M | $762.52M | $731.20M | $682.56M | $654.34M | $663.58M | $662.92M |
| Low Forecast | $1.01B | $1.00B | $993.11M | $983.11M | $1.00B | $980.72M | $981.22M | $970.96M | $969.40M | $936.43M | $932.17M | $929.31M | $915.51M | $923.28M | $904.94M | $868.22M | $841.67M | $732.39M | $785.25M | $749.14M | $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 | $629.76M | $626.80M | $621.99M | $615.73M | $628.22M | $614.23M | $614.54M | $608.12M | $607.14M | $586.49M | $583.82M | $577.60M | $572.84M | $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 | $644.61M | $641.57M | $636.66M | $630.24M | $643.03M | $628.71M | $629.03M | $622.45M | $621.45M | $600.32M | $597.59M | $580.82M | $579.84M | $572.56M | $559.31M | $443.15M | $530.78M | $565.36M | $503.40M | $402.86M | $672.54M | $556.43M | $515.30M | $366.24M | $493.17M | $472.92M | $441.46M | $586.82M | $429.18M | $428.76M |
| Low Forecast | $621.47M | $618.55M | $613.80M | $607.62M | $619.95M | $606.15M | $606.45M | $600.11M | $599.15M | $578.77M | $576.14M | $574.37M | $565.84M | $570.64M | $559.31M | $295.43M | $520.20M | $452.66M | $485.33M | $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 | $363.49M | $352.01M | $352.01M | $352.01M | $370.42M | $355.16M | $349.33M | $360.94M | $357.15M | $326.79M | $322.18M | $327.56M | $331.36M | $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 | $374.63M | $362.80M | $362.80M | $362.80M | $381.77M | $366.04M | $360.03M | $372.01M | $368.10M | $336.80M | $332.05M | $346.61M | $369.89M | $323.01M | $320.81M | $345.38M | $332.14M | $261.10M | $261.82M | $313.98M | $356.06M | $283.81M | $293.26M | $285.44M | $249.86M | $240.77M | $219.28M | $264.24M | $224.85M | $194.32M |
| Low Forecast | $357.27M | $345.98M | $345.98M | $345.98M | $364.08M | $349.08M | $343.35M | $354.77M | $351.04M | $321.19M | $316.66M | $316.14M | $281.28M | $315.52M | $320.69M | $230.25M | $278.07M | $227.04M | $249.69M | $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 | $61.22M | $60.94M | $60.47M | $59.86M | $61.07M | $59.71M | $59.74M | $59.12M | $59.02M | $57.02M | $56.76M | $56.15M | $55.69M | $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 | $62.67M | $62.37M | $61.89M | $61.27M | $62.51M | $61.12M | $61.15M | $60.51M | $60.42M | $58.36M | $58.10M | $56.47M | $56.37M | $55.66M | $54.37M | $54.37M | $51.60M | $54.96M | $48.94M | $49.43M | $81.26M | $51.69M | $47.87M | $44.94M | $45.82M | $43.93M | $41.01M | $64.16M | $39.87M | $39.83M |
| Low Forecast | $60.42M | $60.13M | $59.67M | $59.07M | $60.27M | $58.93M | $58.96M | $58.34M | $58.25M | $56.27M | $56.01M | $55.84M | $55.01M | $55.48M | $54.37M | $36.25M | $50.57M | $44.01M | $47.18M | $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 | $0.95 | $0.92 | $0.92 | $0.92 | $0.97 | $0.93 | $0.91 | $0.94 | $0.93 | $0.85 | $0.84 | $0.86 | $0.87 | $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 | $0.95 | $0.95 | $0.95 | $1.00 | $0.96 | $0.94 | $0.97 | $0.96 | $0.88 | $0.87 | $0.91 | $0.97 | $0.84 | $0.84 | $0.77 | $0.87 | $0.68 | $0.68 | $0.66 | $0.74 | $0.74 | $0.77 | $0.62 | $0.65 | $0.63 | $0.57 | $0.54 | $0.59 | $0.51 |
| Low Forecast | $0.93 | $0.90 | $0.90 | $0.90 | $0.95 | $0.91 | $0.90 | $0.93 | $0.92 | $0.84 | $0.83 | $0.83 | $0.74 | $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 | $10.31 | $13.00 | 26.09% | Buy |
| PAA | Plains All American Pipeline | $17.44 | $20.00 | 14.68% | Hold |
| EPD | Enterprise Products Partners | $31.29 | $35.33 | 12.91% | Buy |
| ET | Energy Transfer LP | $18.64 | $21.00 | 12.66% | Buy |
| WES | Western Midstream Partners, LP | $39.22 | $40.00 | 1.99% | Hold |
| AM | Antero Midstream | $14.78 | $14.50 | -1.89% | Buy |
| MPLX | MPLX LP | $47.70 | $46.00 | -3.56% | Buy |
| HESM | Hess Midstream LP | $36.04 | $34.33 | -4.74% | Hold |
| DTM | DT Midstream | $98.70 | $82.00 | -16.92% | Buy |