(WES) Western Midstream Partners - Ratings and Ratios

Western Midstream Partners, LP (NYSE:WES) operates as a midstream energy company primarily in the United States, specializing in the gathering, processing, and transportation of natural gas, condensate, natural gas liquids (NGLs), and crude oil. The company also handles the disposal of produced water and engages in the buying and selling of natural gas, NGLs, and condensate. Its assets are strategically located in major shale plays, including the Permian Basin in Texas and New Mexico, and the Rocky Mountains, enabling it to serve key production areas. Western Midstream Holdings, LLC acts as the general partner. The company, rebranded from Western Gas Equity Partners, LP in February 2019, was incorporated in 2007 and is headquartered in The Woodlands, Texas.

Ticker Symbol: WES Exchange: NYSE Type: common stock Country Origin: United States GICS Sub Industry: Oil & Gas Storage & Transportation

Resistance: 40.6 Support: 36.7 Support: 33.1 Support: 30.0

Average Volume 20d: 970500 Last Price: 38.07 SMA 20: 38.60 SMA 50: 39.72 SMA 200: 38.34 ATR: 1.37

Market Cap: 14539.77M USD P/E: 9.30 P/E Forward: 10.66 P/B: 4.49 P/S: 4.03 RoE: 48.63

3-Month Forecast: Based on the provided data, the outlook for Western Midstream Partners, LP (NYSE:WES) over the next three months is as follows: - Price Targets: - Resistance: The stock may face resistance at 40.6. Breaking above this level could signal upward momentum. - Support: Immediate support is at 36.7. A breach below this level may test the next support at 33.1, with 30.0 acting as a final support level. - Technical Indicators: - The stock is currently trading below its SMA 20 (38.60) and SMA 50 (39.72), indicating potential bearish momentum in the short term. - The SMA 200 (38.34) is slightly below the current price, suggesting possible instability in the medium term. - The ATR (1.37) indicates moderate volatility, with potential price swings of approximately 2-3% per session. - Fundamental Analysis: - The P/E ratio (9.30) is lower than the forward P/E (10.66), suggesting expectations of higher earnings in the future. - The high P/B ratio (4.49) indicates that the stock may be overvalued relative to its book value. - The strong Return on Equity (RoE) of 48.63% highlights efficient profitability, which could support long-term stability. - Volume Analysis: - The average 20-day volume of 970,500 shares suggests moderate trading activity, which may lead to occasional price fluctuations based on market sentiment. - Overall Outlook: - In the next three months, the stock is expected to remain range-bound between 36.7 and 40.6. - A break above 40.6 could lead to a price target of 43.0-45.0, while a break below 30.0 could result in a decline to 27.5-25.0. - Given the current technical setup, a bearish outlook is more likely in the short term, but the strong fundamental position of the company could provide support and limit significant downside.