Company Performance - Western Midstream (WES) closed at 0.84 per share, reflecting a year-over-year growth of 13.51% [2] - Revenue is projected to be $906.72 million, indicating a 5.65% increase compared to the same quarter of the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Western Midstream suggest positive near-term business trends, which can be interpreted as a favorable sign for the company's outlook [3] - The Zacks Rank system indicates that estimate adjustments are correlated with stock price performance, providing actionable insights for investors [4] Zacks Rank and Valuation - Western Midstream currently holds a Zacks Rank of 4 (Sell), with the consensus EPS estimate moving 0.34% lower over the last 30 days [5] - The company is trading at a Forward P/E ratio of 12.01, which is a discount compared to the industry's average Forward P/E of 22.8 [6] PEG Ratio and Industry Context - WES has a PEG ratio of 1.4, compared to the industry average PEG ratio of 0.99, indicating a higher valuation relative to expected earnings growth [7] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which WES belongs, has a Zacks Industry Rank of 223, placing it in the bottom 12% of all industries [8]
Western Midstream (WES) Stock Sinks As Market Gains: Here's Why