Western Midstream Partners LP [WES] stock prices are up 1.12% to $34.43 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WES shares have lost -2.93% over the last week, with a monthly amount glided 0.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Western Midstream Partners LP [NYSE: WES] stock has seen the most recent analyst activity on March 19, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Citigroup downgraded its rating to Neutral on February 29, 2024, and elevated its price target to $34. On December 13, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $27 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $30 on August 11, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $29 on August 09, 2023. Wolfe Research downgraded its rating to Underperform for this stock on July 12, 2023, but kept the price target unchanged to $25. In a note dated June 26, 2023, UBS initiated an Neutral rating and provided a target price of $27 on this stock.
The stock price of Western Midstream Partners LP [WES] has been fluctuating between $24.89 and $36.79 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Western Midstream Partners LP [NYSE: WES] shares were valued at $34.43 at the most recent close of the market. An investor can expect a potential return of 1.66% based on the average WES price forecast.
Analyzing the WES fundamentals
The Western Midstream Partners LP [NYSE:WES] reported sales of 3.11B for trailing twelve months, representing a surge of 10.11%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.34 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.07 points at the first support level, and at 33.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.81, and for the 2nd resistance point, it is at 35.19.
Ratios To Look Out For
It’s worth pointing out that Western Midstream Partners LP [NYSE:WES]’s Current Ratio is 0.76. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 4.22, the price to book ratio is 4.51 and price to earnings (TTM) ratio is 13.24.
Transactions by insiders
Recent insider trading involved STEWART LISA A, Director, that happened on Mar 06 ’24 when 2500.0 shares were purchased. President & CEO, Ure Michael completed a deal on Mar 01 ’24 to buy 5000.0 shares. Meanwhile, Director Brown Oscar K bought 3500.0 shares on Feb 28 ’24.
