NYSE: WES

Western Midstream Partners (WES) Stock Analysis & Forecast

Sep 28 close

$45.27−0.33 (−0.7%)

Gekko Brief

AI summary

Western Midstream draws attention this week after a raft of bullish commentary following its pullback, with several pieces citing an upgrade to Strong Buy and record Q2 results that came with a $250M raise to 2026 EBITDA guidance. Coverage points to an 8% yield and, separately, a 7.8% yield figure, with commentary framing WES as a favored pick among MLP peers on margin and volume growth across core basins. One item also noted a 1.5% daily dip to a $46.58 close alongside a 2.21% one-month decline versus the broader market.

At $45.27, the stock sits between its 50-day average of $47.64 and 200-day average of $43.51, reflecting a mixed trend, with the 1-month return at -5.3% against a 1-year return of 15%. The GekkoIndex reads 72, placing WES in the Buying zone, up 7.7 over five days. Price remains 19.5% below Gekko Fair Value of $56.23.

The next earnings date falls on 3 November 2026, 35 days out and beyond a typical 20-trading-day hold; the last report on 5 August 2026 beat estimates ($0.99 versus $0.90) with a 0.6% reaction. Over the last 90 days, one insider purchase totaling $249,907 was recorded. Seasonally, the next 20 trading days have averaged 3.8% over 5 years, rising in 4 of them. Analyst consensus among 10 firms shows 3 buy, 6 hold, 1 sell, with a consensus target of $49.69.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Western Midstream Partners price vs fair value

$56.23$45.27Sep ’25Mar ’26Sep ’26
Close $45.27200-day averageGekko Fair Value $56.23

Western Midstream Partners quick facts

Market cap
$18.70B
P/E ratio
14.4
Forward P/E
11.3
EPS, TTM
$3.14
Revenue, TTM
$4.33B
Profit margin
29%
Dividend yield
8.06%
Beta
0.66
Volume
911,781 avg 866,121
1-year return
+15.0%
Typical daily move
±2.3%
Typical 20-day move
±3.8%
50-day average
$47.64
200-day average
$43.51
Next earnings
Nov 3
Shares outstanding
413.2M
52-week range
$36.90$50.07

Western Midstream Partners swing-trade checklist

Western Midstream Partners scores 5 supportive, 1 mixed and 0 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

5 supportive1 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $45.27 sits between the 50-day ($47.64) and 200-day ($43.51) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    72, Buying

    Reading 72 is in the Buying zone.

    See the GekkoIndex
  • Fair valuesupportive

    19.5% below

    Price is 19.5% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: 1 open-market insider purchase.

    See smart money
  • Earnings risksupportive

    Reports in 35 days

    Next report Nov 3, 2026, 35 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +3.8% on average

    From this point in the calendar, the next 20 trading days averaged +3.8% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Western Midstream Partners stock chart and price history

Western Midstream Partners closed at $45.27 on Sep 28, 2026, +15.0% over the past year, inside a 52-week range of $36.90 to $50.07.

Close50-day average200-day averageVolume
Western Midstream Partners share price, past year, with 50-day and 200-day moving averages and volume$40$50NovDecJan 2026FebMarAprMayJunJulAugSep45.27

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−5.3%
3 months
+4.3%
6 months
+8.4%
1 year
+15.0%
The full WES chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open WES in Gekko

Follow Western Midstream Partners through every session

Put WES on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Western Midstream Partners

Western Midstream Partners builds and runs the pipes and plants that move natural gas, crude oil, and related products from wellhead to market. Its work covers collecting, compressing, treating, and processing natural gas, along with gathering and moving condensate, natural gas liquids, and crude oil. The partnership also manages water collection and disposal tied to production, and it buys and sells natural gas, natural gas liquids, and condensate in the course of its operations.

The company operates through subsidiaries and is guided by its general partner, Western Midstream Holdings, LLC. Its infrastructure is concentrated in Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania, placing it in the pathway between producers extracting resources and the markets that consume them.

Western Midstream traces back to 2007 and is based in The Woodlands, Texas. It carried the name Western Gas Equity Partners, LP before adopting its current identity in February 2019. Shares trade on the NYSE under the ticker WES.

Listed
NYSE
Sector
Industrial services
Industry
Oil & gas pipelines
Website
westernmidstream.com

Western Midstream Partners GekkoIndex: the smart money zone

Western Midstream Partners’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 72, in the Buying zone, up 7.7 points over five sessions.

010072Buying

Up 7.7 points over five sessions, from the Accumulation zone.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying (current zone)10+5.2%+5.4%+3.1%+13.6%
Accumulation152+1.2%+2.5%+4.3%+5.4%
Neutral472+0.2%+0.4%+0.8%+2.5%
Distribution27−0.5%−0.8%+0.6%+4.9%
Selling11−0.9%−1.0%+8.0%+14.5%

Average WES share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Buying readings averaged +3.2% over 20 days. Past behaviour doesn’t guarantee future results.

Buying zone: Smart money likely accumulating heavily. About the five zones →

See every daily GekkoIndex reading plotted over the WES price, zone by zone.Track WES in Gekko

Is Western Midstream Partners stock overvalued? Gekko Fair Value

Western Midstream Partners trades 19.5% below Gekko Fair Value of $56.23, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Western Midstream Partners shares are worth, recalculated every trading day.

$56.23

Gekko Fair Value, Sep 26, 2026

19.5% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open WES in Gekko

Western Midstream Partners insider and Congress trading

Insiders filed 1 open-market purchase in Western Midstream Partners worth $250K, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

$250Kin 1 open-market purchase

FiledInsiderTypeSharesValue
Aug 12Frederick A. Forthuber
Director
Purchase5,140$250K

From Form 4 filings, dated to when each was filed.

Congress trades last 90 days

No trades in WES were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for WES, plotted on the chart in Gekko.Open WES in Gekko

Buybacks

Western Midstream Partners has been buying back its own shares.

Bought back, quarter ended Sep 30, 2023
$127.5M
As a share of market cap
0.68%
Trailing four quarters
$175.1M

From company filings.

Hedge funds and billionaires quarter ended Dec 31

0of the funds Gekko tracks hold WES.

0added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

Western Midstream Partners earnings: next date and track record

Western Midstream Partners reports on Nov 3, 2026 (35 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±2.1%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

−1.2%Nov ’24−0.3%Feb ’25+2.7%May ’25−3.4%Aug ’25+2.1%Nov ’25−5.1%Feb ’26+1.2%May ’26+0.6%Aug ’26
ReportedEPSSurpriseRevenueSurpriseMove
Aug 5, 2026$0.99
est $0.90
+10.0%$1.22B
est $1.13B
+8.6%+0.6%
May 6, 2026$0.87
est $0.78
+11.5%$1.12B
est $1.01B
+11.0%+1.2%
Feb 18, 2026$0.47
est $0.91
−48.4%$1.03B
est $1.03B
+0.2%−5.1%
Nov 4, 2025$0.87
est $0.88
−1.1%$952.5M
est $961.0M
−0.9%+2.1%
Aug 6, 2025$0.87
est $0.83
+4.9%$942.3M
est $940.1M
+0.2%−3.4%
May 7, 2025$0.82
est $0.82
0.0%$917.1M
est $919.6M
−0.3%+2.7%
Feb 26, 2025$0.88
est $0.88
0.0%$928.5M
est $926.4M
+0.2%−0.3%
Nov 6, 2024$0.74
est $0.83
−10.8%$883.4M
est $924.8M
−4.5%−1.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Western Midstream Partners stock forecast and analyst price targets

Analysts’ average 12-month price target for Western Midstream Partners is $49.69, +9.8% from the last close, from 10 firms rating the stock in the last 90 days.

$49.69consensus 12-month target, +9.8% from the last close
Low $41High $55
Buy3
Hold6
Sell1

Each firm’s latest rating in the last 90 days: 10 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 17Truist FinancialBuy, initiated$55+21.5%
Sep 9Stifel NicolausBuy, initiated$55+21.5%
Sep 9Stifel NicolausBuy, initiated$55+21.5%
Sep 3J.P. MorganHold, maintained$50+10.4%
Aug 21RBC CapitalHold, maintained$47+3.8%
+3.1%average 20-day move after past Buying readings
+3.8%average move over the next 20 trading days in the last 5 years
±2.3%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Western Midstream Partners seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Western Midstream Partners averaged +3.8% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+4.0%2021+14.6%2022−0.7%2023−0.7%2024+0.5%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.3%3 of 5
Next 10 trading days+3.4%4 of 5
Next 15 trading days+4.7%4 of 5
Next 20 trading days+3.8%4 of 5
Next 30 trading days+2.3%4 of 5

For scale, WES’s typical 20-trading-day move in either direction is about 3.8%.

Western Midstream Partners market cap and key statistics

Western Midstream Partners’s market cap is $18.70B, with a P/E ratio of 14.4 and revenue of $4.33B over the last twelve months.

Valuation

Market cap
$18.70B
P/E ratio
14.4
Forward P/E
11.3
EPS, TTM
$3.14
Gekko Fair Value
$56.23

Trading

Volume
911,781
Avg volume, 20 days
866,121
52-week high
$50.07
52-week low
$36.90
Shares outstanding
413.2M

Financials

Revenue, TTM
$4.33B
Profit margin
29%
Return on equity
34.1%
Quarterly earnings growth, YoY
+13.8%

Risk and income

Beta
0.66
Typical daily move
±2.3%
Typical 20-day move
±3.8%
Dividend yield
8.06%

Western Midstream Partners stock news this week

4 headlines about Western Midstream Partners from the past week, newest first, each linking to the publisher.

Western Midstream Partners peers

Western Midstream Partners’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
ENBEnbridge+0.1%Accumulation0.7% below
WMBWilliams Companies−0.8%Accumulation1.4% above
EPDEnterprise Products Partners−0.7%Buying17.3% below
ETEnergy Transfer−0.8%Buying38.0% below
KMIKinder Morgan−0.4%Accumulation16.3% below
TRPTC Energy−0.3%Buying9.1% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Western Midstream Partners stock FAQ

What is Western Midstream Partners’s market cap?

Western Midstream Partners’s market cap is $18.70B at the Sep 28, 2026 close of $45.27, with 413.2M shares outstanding. The shares trade on a P/E ratio of 14.4.

What is the Western Midstream Partners stock forecast?

The consensus analyst 12-month price target for Western Midstream Partners is $49.69, +9.8% from the last close. Of the 10 firms that rated the stock in the last 90 days, 3 rate it a buy, 6 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is Western Midstream Partners stock overvalued or undervalued?

On Gekko’s estimate Western Midstream Partners is undervalued: the Sep 28, 2026 close of $45.27 is 19.5% below Gekko Fair Value of $56.23. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Western Midstream Partners report earnings next?

Western Midstream Partners is expected to report on Nov 3, 2026 (35 days away). Analysts expect earnings of $0.89 per share on revenue of $1.18B. Western Midstream Partners beat the earnings estimate in 3 of its last 8 reports, moving 2.1% on average across the report.

What is Western Midstream Partners’s 52-week high and low?

Western Midstream Partners’s 52-week high is $50.07 and its 52-week low is $36.90; it closed at $45.27 on Sep 28, 2026, +15.0% over the past year.

Is Western Midstream Partners stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (gekkoindex, fair value, smart money, earnings risk and seasonality), 1 as mixed (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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