While Western Midstream Partners LP has underperformed by -1.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WES rose by 32.04%, with highs and lows ranging from $35.04 to $23.48, whereas the simple moving average jumped by 19.49% in the last 200 days.
On February 29, 2024, Citigroup Downgraded Western Midstream Partners LP (NYSE: WES) to Neutral. A report published by BofA Securities on December 13, 2023, Downgraded its rating to ‘Underperform’ for WES. Wells Fargo also Downgraded WES shares as ‘Equal Weight’, setting a target price of $30 on the company’s shares in a report dated August 11, 2023. JP Morgan August 09, 2023d the rating to Neutral on August 09, 2023, and set its price target from $31 to $29. Wolfe Research July 12, 2023d its ‘Peer Perform’ rating to ‘Underperform’ for WES, as published in its report on July 12, 2023. UBS’s report from June 26, 2023 suggests a price prediction of $27 for WES shares, giving the stock a ‘Neutral’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of Western Midstream Partners LP (WES)
With WES’s current dividend of $2.21 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 10.11%, showing a positive trend in the upcoming months.
Western Midstream Partners LP’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 34.03% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.76, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and WES has an average volume of 1.46M. On a monthly basis, the volatility of the stock is set at 3.24%, whereas on a weekly basis, it is put at 2.22%, with a loss of -2.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.30, showing decline from the present price of $33.53, which can serve as yet another indication of whether WES is worth investing in or should be passed over.
How Do You Analyze Western Midstream Partners LP Shares?
Oil & Gas Midstream giant Western Midstream Partners LP (WES) is based in the USA and is one of the largest companies in the market. When comparing Western Midstream Partners LP shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.90, there is a growth in quarterly earnings of -13.09%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 49.42%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 42.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WES shares are owned by institutional investors to the tune of 42.49% at present.
