A share price of Western Midstream Partners LP [WES] is currently trading at $35.38, up 2.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The WES shares have gain 2.43% over the last week, with a monthly amount glided 1.38%, 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 April 18, 2024, when Wolfe Research upgraded its rating to a Peer Perform. Previously, Raymond James downgraded its rating to Mkt Perform on March 19, 2024. On February 29, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $34 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $27 on December 13, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $30 on August 11, 2023. JP Morgan downgraded its rating to Neutral for this stock on August 09, 2023, and downed its price target to $29. In a note dated July 12, 2023, Wolfe Research downgraded an Underperform rating on this stock but restated the target price of $25.
Western Midstream Partners LP experienced fluctuations in its stock price throughout the past year between $24.89 and $36.79. 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 $35.38 at the most recent close of the market. An investor can expect a potential drop of -1.07% based on the average WES price forecast.
Analyzing the WES fundamentals
Trailing Twelve Months sales for Western Midstream Partners LP [NYSE:WES] were 3.11B which represents 10.11% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.72.
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 34.80 points at the first support level, and at 34.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.97, and for the 2nd resistance point, it is at 36.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Western Midstream Partners LP [NYSE:WES] is 0.76. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 4.33, the price to book ratio is 4.63 and price to earnings (TTM) ratio is 13.61.
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.
