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Western Midstream Partners, LP (WES) Stock Analysis

HoldVALUE-TRAP 1/5Moderate Confidence

Energy · Oil & Gas Midstream

Hold if already holding. Not a fresh buy at $47.33, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Occidental (60.0%); Analyst target reached - limited upside remaining.

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting... Read more

$47.33+12.4% A.UpsideScore 5.9/10#16 of 42 Oil & Gas Midstream
QualityF-score7 / 9FCF yield5.13%
IncomeYield7.89%(5y avg 7.58%)Payout119.74%at-risk
Entry $41.38(50-day MA)Stop $38.88Target $46.50(resistance)A.R:R -1.4:1Setup A.R:R 2.1:1
Analyst target$42.82-9.5%11 analysts
$46.50our TP
$47.33price
$42.82mean
$38

Hold if already holding. Not a fresh buy at $47.33, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Occidental (60.0%); Analyst target reached - limited upside remaining. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Downgraded from BUY WAIT — price $47.33 has reached target $46.50. No upside to wait for. Score 5.9/10, moderate confidence.

Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 78d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

Val6.0Qual7.8Grw5.8Mom7.0Sent4.9Ins5.0Peer6.0Tech3.5Risk6.15.9OVERALL

Recent Developments — Western Midstream Partners, LP

Latest news

Generated 2026-05-20T21:06:21Z.

Thesis

Rewards
V7 quality resilience bonus: +0.2 (Q=7.8 in RISK_OFF)
Sector modifier (Energy): +1.2
Positive news sentiment (+0.67)
Risks
Concentration risk — Customer: Occidental (60.0%)
Analyst target reached - limited upside remaining
Near 52-week high (0.1% away)

Key Metrics

P/E (TTM)15.5
P/E (Fwd)12.9
Mkt Cap$18.6B
EV/EBITDA11.5
Profit Mgn29.5%
ROE36.7%
Rev Growth22.5%
Beta—
Dividend7.89%
Rating analysts18

Quality Signals

Piotroski F7/9MoatWideCompounder✓

Options Flow

P/C1.06bearish
IV28%low

Concentration Risks(10-K Item 1A)

  • HIGHCustomerOccidental60%
    10-K Item 1A: 'We rely on Occidental for over 50% of revenues ... 60% of Total revenues and other ... were attributable to production owned or controlled by Occidental'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

1 floor-breaker

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Support Resistance
0.2
Bollinger
0.5
52w Position
9.9
GatesA.R:R -1.4=NEGATIVEMomentum 7.0>=5.5Insider activity: OKNo SEC red flagsEARNINGS PROXIMITY 78d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Moderate
RSI
81 · Overbought
↑ 20D MA↑ 50D MA↑ 200D MAGOLDEN CROSSSupport $39.74Resistance $47.45

Price Targets

$39
$41
$47
A.Upside-1.8%
A.R:R-1.4:1
Setup A.R:R (at entry)2.1:1

Position Sizing

ConvictionHigh conviction
Suggested %0.5%
Max %1%
RegimeRisk-Off

Risk Alerts

! Target reached (-21.3% upside)
! NEWS_MOD=+1: HOLD_IF_HOLDING → STRONG_BUY_WAIT
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-08-05 (78d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is WES stock a buy right now?

Hold if already holding. Not a fresh buy at $47.33, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Occidental (60.0%); Analyst target reached - limited upside remaining. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Downgraded from BUY WAIT — price $47.33 has reached target $46.50. No upside to wait for. Target $46.50 (-1.8%), stop $38.88 (−21.7%), A.R:R -1.4:1. Score 5.9/10, moderate confidence.

What is the WES stock price target?

Take-profit target: $46.50 (+12.4% upside). Target $46.50 (-1.8%), stop $38.88 (−21.7%), A.R:R -1.4:1. Stop-loss: $38.88.

What are the risks of investing in WES?

Concentration risk — Customer: Occidental (60.0%); Analyst target reached - limited upside remaining; Near 52-week high (0.1% away).

Is WES overvalued or undervalued?

Western Midstream Partners, LP trades at a P/E of 15.5 (forward 12.9). TrendMatrix value score: 6.0/10. Verdict: Hold.

What do analysts say about WES?

18 analysts cover WES with a consensus score of 3.3/5. Average price target: $43.

What does Western Midstream Partners, LP do?Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the...

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company 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 of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

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