Western Midstream Partners LP [WES] stock prices are up 0.71% to $38.52 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WES shares have gain 0.10% over the last week, with a monthly amount drifted -1.76%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Underweight on October 25, 2024, and dropped its price target to $40. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $42 on September 16, 2024. Stifel downgraded its rating to a Hold but $39 remained the price target by the analyst firm on July 10, 2024. Wolfe Research upgraded its rating to Peer Perform for this stock on April 18, 2024. In a note dated March 19, 2024, Raymond James downgraded an Mkt Perform rating on this stock.
The stock price of Western Midstream Partners LP [WES] has been fluctuating between $33.60 and $43.33 over the past year. Currently, Wall Street analysts expect the stock to reach $42.67 within the next 12 months. Western Midstream Partners LP [NYSE: WES] shares were valued at $38.52 at the most recent close of the market. An investor can expect a potential return of 10.77% based on the average WES price forecast.
Analyzing the WES fundamentals
The Western Midstream Partners LP [NYSE:WES] reported sales of 3.74B for trailing twelve months, representing a surge of 7.82%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.41 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 38.09 points at the first support level, and at 37.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.75, and for the 2nd resistance point, it is at 38.99.
Ratios To Look Out For
It’s worth pointing out that Western Midstream Partners LP [NYSE:WES]’s Current Ratio is 1.43. Also, the Quick Ratio is 1.41, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 4.20, the price to book ratio is 4.62 and price to earnings (TTM) ratio is 11.40.
Transactions by insiders
Recent insider trading involved Ure Michael, Officer, that happened on Nov 27 ’24 when 16558.0 shares were purchased.
