A share price of Western Midstream Partners LP [WES] is currently trading at $38.63, up 0.76%. 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 0.31% over the last week, with a monthly amount drifted -0.87%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Equal-Weight on September 16, 2024, and kept the price target unchanged to $42. On July 10, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $39 on the stock. Wolfe Research upgraded its rating to a Peer Perform. Raymond James downgraded its rating to a Mkt Perform. Citigroup downgraded its rating to Neutral for this stock on February 29, 2024, and upped its price target to $34. In a note dated December 13, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $30 to $27.
Western Midstream Partners LP experienced fluctuations in its stock price throughout the past year between $26.49 and $42.80. Currently, Wall Street analysts expect the stock to reach $38.17 within the next 12 months. Western Midstream Partners LP [NYSE: WES] shares were valued at $38.63 at the most recent close of the market. An investor can expect a potential drop of -1.19% based on the average WES price forecast.
Analyzing the WES fundamentals
Trailing Twelve Months sales for Western Midstream Partners LP [NYSE:WES] were 3.43B which represents 22.67% growth. 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 38.30 points at the first support level, and at 37.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.88, and for the 2nd resistance point, it is at 39.12.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Western Midstream Partners LP [NYSE:WES] 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 4.29, the price to book ratio is 4.48 and price to earnings (TTM) ratio is 9.97.
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.
