Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Western Midstream Partners LP (NYSE: WES) improved recently. WES’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Western Midstream Partners LP (NYSE: WES) stock rose modestly by 0.5%, closing at $35.94. However, trading volume in this advance was exceptionally low at 27% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WES is expected to continue to be a major Value Builder.
Western Midstream Partners has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Western Midstream Partners has a neutral Appreciation Score of 50 but a very high Power Rating of 91, resulting in the Positive Value Trend Rating.
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