Western Midstream (WES) Increases Despite Market Slip: Here's What You Need to Know

In the latest close session, Western Midstream (WES) was up +1.75% at $45.82. This move outpaced the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.

Shares of the oil and gas transportation and storage company have appreciated by 1.49% over the course of the past month, underperforming the Oils-Energy sector's gain of 9.26%, and outperforming the S&P 500's gain of 0.87%.

The investment community will be closely monitoring the performance of Western Midstream in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. The company is expected to report EPS of $0.89, up 2.3% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.19 billion, reflecting a 25.39% rise from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.69 per share and a revenue of $4.76 billion, signifying shifts of +23.83% and +23.76%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Western Midstream. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.77% upward. As of now, Western Midstream holds a Zacks Rank of #2 (Buy).

Looking at its valuation, Western Midstream is holding a Forward P/E ratio of 12.22. This indicates a premium in contrast to its industry's Forward P/E of 11.98.

Also, we should mention that WES has a PEG ratio of 1.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry stood at 1.26 at the close of the market yesterday.

The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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