At the time of writing, Western Midstream Partners LP [WES] stock is trading at $36.45, up 2.68%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WES shares have gain 4.05% over the last week, with a monthly amount glided 2.76%, 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.
For the past year, the stock price of Western Midstream Partners LP fluctuated between $25.04 and $36.79. Currently, Wall Street analysts expect the stock to reach $36.33 within the next 12 months. Western Midstream Partners LP [NYSE: WES] shares were valued at $36.45 at the most recent close of the market. An investor can expect a potential drop of -0.33% based on the average WES price forecast.
Analyzing the WES fundamentals
According to Western Midstream Partners LP [NYSE:WES], the company’s sales were 3.26B for trailing twelve months, which represents an 20.95% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.43%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.45 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.19.
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 35.98 points at the first support level, and at 35.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.80, and for the 2nd resistance point, it is at 37.14.
Ratios To Look Out For
It is important to note that Western Midstream Partners LP [NYSE:WES] has a current ratio of 1.51. Further, the Quick Ratio stands at 1.50, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 4.25, the price to book ratio is 4.28 and price to earnings (TTM) ratio is 10.27.
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.
