Western Midstream (WES) Up 2.8% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Western Midstream (WES) shares have increased by approximately 2.8% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Estimates Movement - Estimates revision for Western Midstream has remained flat over the past month [2] VGM Scores - Western Midstream has a subpar Growth Score of D, a Momentum Score of B, and a Value Score of C, resulting in an aggregate VGM Score of C, indicating a middle-tier performance across investment strategies [3] Outlook - Western Midstream holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return from the stock in the upcoming months [4] Industry Performance - Western Midstream is part of the Zacks Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, where Targa Resources, Inc. (TRGP) has gained 1.8% over the past month [5] Targa Resources Financials - Targa Resources reported revenues of $4.41 billion for the last quarter, reflecting a year-over-year increase of 3.9%, with an EPS of $1.44 compared to $1.23 a year ago [6] - For the current quarter, Targa Resources is projected to post earnings of $2.04 per share, indicating a year-over-year change of 67.2%, with a 4.4% increase in the Zacks Consensus Estimate over the last 30 days [6] - Targa Resources also holds a Zacks Rank 3 (Hold) and has a VGM Score of A [7]