From Nasdaq: 2024-06-21 18:15:23

Western Midstream (WES) closed at $38.45, up 0.13%, outperforming the S&P 500. Shares have gained 2.76% in a month. Quarterly earnings are expected at $0.89 per share, with revenue projected at $883.63 million, marking a 19.69% increase. Analysts are optimistic, with estimate changes reflecting future stock performance.

The Zacks Rank system rates WES as a #3 (Hold), with a promising track record. Traded at a Forward P/E ratio of 9.37, WES presents a discount compared to industry peers. The PEG ratio is 0.69, indicating company growth potential. WES is part of the Oil and Gas – Refining and Marketing industry, ranking in the bottom 22%.

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Read more at Nasdaq: Western Midstream (WES) Ascends While Market Falls: Some Facts to Note