A share price of Western Midstream Partners LP [WES] is currently trading at $40.54, up 0.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The WES shares have gain 4.73% over the last week, with a monthly amount glided 0.40%, and seem to be holding up well over a long-time horizon.
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 experienced fluctuations in its stock price throughout the past year between $33.39 and $43.33. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Western Midstream Partners LP [NYSE: WES] shares were valued at $40.54 at the most recent close of the market. An investor can expect a potential return of 1.13% based on the average WES price forecast.
Analyzing the WES fundamentals
Trailing Twelve Months sales for Western Midstream Partners LP [NYSE:WES] were 3.61B which represents 8.19% growth. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.45%, 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 0.47 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.05.
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 40.02 points at the first support level, and at 39.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.14, and for the 2nd resistance point, it is at 41.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Western Midstream Partners LP [NYSE:WES] is 1.09. On the other hand, the Quick Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 4.29, the price to book ratio is 4.77 and price to earnings (TTM) ratio is 10.08.
Transactions by insiders
Recent insider trading involved Ure Michael, Officer, that happened on Nov 27 ’24 when 16558.0 shares were purchased. 10% Owner, OCCIDENTAL PETROLEUM CORP /DE/ completed a deal on Aug 14 ’24 to sell 19.5 million shares. Meanwhile, 10% Owner OCCIDENTAL PETROLEUM CORP /DE/ sold 19.5 million shares on Aug 14 ’24.
