This 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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The post WES Stock Forecast: Place for Dividend-Oriented Investors appeared first on Stock Forecast Based On a Predictive Algorithm | I Know First |.
