Western Midstream Partners (NYSE:WES – Get Free Report) issued its quarterly earnings data on Wednesday. The pipeline company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.09), Briefing.com reports. The business had revenue of $883.36 million during the quarter, compared to analyst estimates of $924.83 million. Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. Western Midstream Partners’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share.
Western Midstream Partners Stock Down 3.3 %
NYSE:WES traded down $1.22 during mid-day trading on Friday, hitting $36.08. The company had a trading volume of 3,385,271 shares, compared to its average volume of 1,204,474. The business has a fifty day simple moving average of $38.48 and a 200-day simple moving average of $38.54. The company has a current ratio of 1.11, a quick ratio of 1.68 and a debt-to-equity ratio of 2.05. Western Midstream Partners has a 1 year low of $26.81 and a 1 year high of $42.80. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.68 and a beta of 2.88.
Western Midstream Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be given a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 9.70%. The ex-dividend date is Friday, November 1st. Western Midstream Partners’s dividend payout ratio (DPR) is presently 89.29%.
Analyst Ratings Changes
Get Our Latest Research Report on Western Midstream Partners
Insider Buying and Selling at Western Midstream Partners
In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of Western Midstream Partners stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the sale, the insider now directly owns 165,681,578 shares of the company’s stock, valued at approximately $5,923,116,413.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.
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.
See Also
- Five stocks we like better than Western Midstream Partners
- Canadian Penny Stocks: Can They Make You Rich?
- California Resources Stock Could Be a Huge Long-Term Winner
- 5 Top Rated Dividend Stocks to Consider
- Observability Wars: Datadog and Dynatrace Vie for Data Dominance
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
Receive News & Ratings for Western Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.