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Western Midstream Partners, LP is currently in a long term uptrend where the price is trading 24.8% above its 200 day moving average.
From a valuation standpoint, the stock is 62.7% cheaper than other stocks from the Energy sector with a price to sales ratio of 3.0.
Western Midstream Partners, LP's total revenue sank by 10.5% to $647M since the same quarter in the previous year.
Its net income has dropped by 14.4% to $246M since the same quarter in the previous year.
Finally, its free cash flow grew by 989.1% to $608M since the same quarter in the previous year.
Based on the above factors, Western Midstream Partners, LP gets an overall score of 3/5.
Sector | Energy |
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Industry | Oil & Gas Midstream |
ISIN | US9586691035 |
Exchange | NYSE |
CurrencyCode | USD |
Target Price | 40.75 |
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Dividend Yield | 9.6% |
Beta | 2.33 |
Market Cap | 15B |
PE Ratio | 9.47 |
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
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