WES Stock Forecast: Place for Dividend-Oriented Investors

Aiden ChalemThis WES Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Summary

  • Increased distribution resulted in an attractive yield of about 8.9%, appealing to income-focused investors. The company appears on track to achieve its leverage goal.
  • In FY24Q1, WES reported EPS of $1.47, beating estimates by $0.68, with a 20.95% YoY revenue increase to $887.73 million.
  • Investors are holding Western Midstream Partners due to strong financial performance and concerns over the stock's high valuation.

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