At the time of writing, Western Midstream Partners LP [WES] stock is trading at $38.30, up 0.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The WES shares have gain 1.78% over the last week, with a monthly amount glided 0.98%, 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 July 10, 2024, when Stifel downgraded its rating to a Hold but kept the price target unchanged to $39 for it. Previously, Wolfe Research upgraded its rating to Peer Perform on April 18, 2024. On March 19, 2024, downgrade downgraded it’s rating to Mkt Perform. Citigroup downgraded its rating to a Neutral and increased its price target to $34 on February 29, 2024. BofA Securities downgraded its rating to a Underperform and reduced its price target to $27 on December 13, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on August 11, 2023, and downed its price target to $30. In a note dated August 09, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $31 to $29.
For the past year, the stock price of Western Midstream Partners LP fluctuated between $25.71 and $42.80. Currently, Wall Street analysts expect the stock to reach $37.67 within the next 12 months. Western Midstream Partners LP [NYSE: WES] shares were valued at $38.30 at the most recent close of the market. An investor can expect a potential drop of -1.64% based on the average WES price forecast.
Analyzing the WES fundamentals
According to Western Midstream Partners LP [NYSE:WES], the company’s sales were 3.43B for trailing twelve months, which represents an 22.67% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.44%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.49 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.17.
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 37.90 points at the first support level, and at 37.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.63, and for the 2nd resistance point, it is at 38.96.
Ratios To Look Out For
It is important to note that Western Midstream Partners LP [NYSE:WES] has a current ratio of 1.68. On the other hand, the Quick Ratio is 1.68, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 4.25, the price to book ratio is 4.44 and price to earnings (TTM) ratio is 9.88.
Transactions by insiders
Recent insider trading involved OCCIDENTAL PETROLEUM CORP /DE/, 10% Owner, that happened on Aug 14 ’24 when 19.5 million shares were sold. 10% Owner, OCCIDENTAL PETROLEUM CORP /DE/ completed a deal on Aug 14 ’24 to sell 19.5 million shares. Meanwhile, SVP & Chief Commercial Officer Bourne Robert W. bought 1354.0 shares on May 15 ’24.
