Western Midstream Partners LP [WES] stock is trading at $37.78, up 2.75%. 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 1.29% over the last week, with a monthly amount drifted -4.01%, and not 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 October 25, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $40 from $42. On September 16, 2024, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $42 on the stock. Stifel downgraded its rating to a Hold but stick to its price target of $39 on July 10, 2024. Wolfe Research upgraded its rating to a Peer Perform. Raymond James downgraded its rating to Mkt Perform for this stock on March 19, 2024. In a note dated February 29, 2024, Citigroup downgraded an Neutral rating on this stock and boosted its target price from $30 to $34.
Western Midstream Partners LP [WES] stock has fluctuated between $26.81 and $42.80 over the past year. 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 $37.78 at the most recent close of the market. An investor can expect a potential return of 1.03% based on the average WES price forecast.
Analyzing the WES fundamentals
Western Midstream Partners LP [NYSE:WES] reported sales of 3.53B for the trailing twelve months, which represents a growth of 13.83%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.43%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.48 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.35.
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 36.97 points at the first support level, and at 36.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.22, and for the 2nd resistance point, it is at 38.66.
Ratios To Look Out For
For context, Western Midstream Partners LP’s Current Ratio is 1.11. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 4.07, the price to book ratio is 4.44 and price to earnings (TTM) ratio is 9.66.
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.
