Yahoo Finance Western Midstream (WES) Outpaces Stock Market Gains: What You Should Know
The most recent trading session ended with Western Midstream (WES) standing at $39.49, reflecting a +0.23% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.09% for the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.3%.
Prior to today's trading, shares of the oil and gas transportation and storage company had gained 5.74% over the past month. This has outpaced the Oils-Energy sector's loss of 1.6% and the S&P 500's gain of 3.38% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Western Midstream in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.89, signifying a 39.06% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $883.63 million, indicating a 19.69% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.10 per share and revenue of $3.65 billion. These totals would mark changes of +57.69% and +17.52%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Western Midstream. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.33% upward. Western Midstream is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Western Midstream is currently exchanging hands at a Forward P/E ratio of 9.62. This represents a discount compared to its industry's average Forward P/E of 12.17.
Also, we should mention that WES has a PEG ratio of 0.71. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Refining and Marketing - Master Limited Partnerships was holding an average PEG ratio of 0.73 at yesterday's closing price.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 175, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Western Midstream Partners, LP (WES) : Free Stock Analysis Report
