Western Midstream Partners LP [WES] stock prices are up 1.92% to $39.85 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WES shares have gain 4.16% over the last week, with a monthly amount glided 5.53%, 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 September 16, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $42 for it. Previously, Stifel downgraded its rating to Hold on July 10, 2024, and kept the price target unchanged to $39. On April 18, 2024, upgrade upgraded it’s rating to Peer Perform. Raymond James downgraded its rating to a Mkt Perform. Citigroup downgraded its rating to a Neutral and raised its price target to $34 on February 29, 2024. BofA Securities downgraded its rating to Underperform for this stock on December 13, 2023, and downed its price target to $27. In a note dated August 11, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $31 to $30.
The stock price of Western Midstream Partners LP [WES] has been fluctuating between $26.40 and $42.80 over the past year. 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 $39.85 at the most recent close of the market. An investor can expect a potential drop of -5.47% based on the average WES price forecast.
Analyzing the WES fundamentals
The Western Midstream Partners LP [NYSE:WES] reported sales of 3.43B for trailing twelve months, representing a surge of 22.67%. 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 39.43 points at the first support level, and at 39.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.08, and for the 2nd resistance point, it is at 40.30.
Ratios To Look Out For
It’s worth pointing out that Western Midstream Partners LP [NYSE:WES]’s Current Ratio is 1.68. As well, the Quick Ratio is 1.68, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 4.42, the price to book ratio is 4.62 and price to earnings (TTM) ratio is 10.28.
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.
