Last Updated: 15 Sep 2024
Executive Summary
Western Midstream Partners LP (WES) is a midstream energy company with a market capitalization of $15.06 billion. The company has a strong financial position with an EBITDA of $2.13 billion and a profit margin of 43.2%. WES has a trailing PE ratio of 10.22 and a forward PE ratio of 10.47. The company's stock price is currently trading at $39.57, which is below its 52-week high of $41.88.
Company Overview
Western Midstream Partners LP is a master limited partnership that acquires, owns, develops, and operates midstream assets primarily in the United States. The company's assets include natural gas gathering and processing facilities, natural gas pipelines, and natural gas storage facilities. WES also provides natural gas marketing and transportation services.
Fundamental Analysis
WES has a strong financial position with an EBITDA of $2.13 billion and a profit margin of 43.2%. The company's revenue has grown by 22.7% over the past year and its EPS has grown by 51.6%. WES has a trailing PE ratio of 10.22 and a forward PE ratio of 10.47. The company's stock price is currently trading at $39.57, which is below its 52-week high of $41.88.
Technical Analysis
WES's stock price has been trending sideways over the past few months. The stock is currently trading below its 50-day and 200-day moving averages. The RSI is currently at 45.91, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
WES's stock price is likely to continue to trade sideways in the short term. The stock is currently below its 50-day and 200-day moving averages, which indicates that the trend is down. The RSI is also below 50, which indicates that the stock is oversold.
Long Term Outlook
WES's long-term outlook is positive. The company has a strong financial position and its revenue and EPS are growing. The company's stock price is currently trading below its 52-week high, which indicates that there is potential for upside.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on WES. The average analyst target price is $39.81, which is above the current stock price.
