Stock of Western Midstream (WES) drops despite market gains, but analysts optimistic about future

From Nasdaq: 2025-01-03 18:15:22

Western Midstream (WES) closed at $39.24, down -0.05%, trailing the S&P 500’s 1.26% gain. The stock fell by 2.7% in the past month, leading the sector’s 5.1% loss. Anticipated financial results show an expected EPS of $0.86, a 16.22% rise, and revenue of $906.72 million, a 5.65% increase.

Recent analyst estimate revisions indicate optimism for Western Midstream’s business and profitability. The Zacks Rank system, with a current ranking of #3 (Hold) for WES, shows a strong track record of delivering actionable rating models based on estimate changes. The stock is trading at a discount compared to industry averages.

Western Midstream has a PEG ratio of 1.23, higher than the industry average of 0.9. The sector, part of the Oils-Energy sector, has a Zacks Industry Rank of 216, in the bottom 14%. Industry data suggests top-rated industries outperform the bottom half by 2 to 1. Stay tuned to Zacks.com for more stock-impacting metrics.

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Read more at Nasdaq: Western Midstream (WES) Stock Drops Despite Market Gains: Important Facts to Note