Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Western Midstream Partners LP before investing.

In this article, we go over a few key elements for understanding Western Midstream Partners LP’s stock price such as:

• Western Midstream Partners LP’s current stock price and volume
• Why Western Midstream Partners LP’s stock price changed recently
• Upgrades and downgrades for WES from analysts
• WES’s stock price momentum as measured by its relative strength

About Western Midstream Partners LP (WES)

Before we jump into Western Midstream Partners LP’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Western Midstream Partners LP acquires, owns, develops and operates midstream assets. The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. The Company?s midstream assets are located in Texas, New Mexico, Colorado, Utah, Wyoming, and Pennsylvania. In addition, in its capacity as a processor of natural gas, the Company also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain contracts. The Company?s subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC and Western Midstream Operating, LP.

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Western Midstream Partners LP’s Stock Price as of Market Close

As of February 20, 2024, 3:40 PM, CST, Western Midstream Partners LP’s stock price was $30.81.

Western Midstream Partners LP is up 5.69% from its previous closing price of $29.15.

During the last market session, Western Midstream Partners LP’s stock traded between $28.75 and $29.47. Currently, there are 383.56 million shares of Western Midstream Partners LP stock available for purchase.

Western Midstream Partners LP’s price-earnings (P/E) ratio is currently at 10.7, which is low compared to the Oil & Gas - Refining and Marketing industry median of 11.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Western Midstream Partners LP Stock Price History

Western Midstream Partners LP’s (WES) price is currently up 7.24% so far this month.

During the month of February, Western Midstream Partners LP’s stock price has reached a high of $32.25 and a low of $27.84.

Over the last year, Western Midstream Partners LP has hit prices as high as $30.20 and as low as $23.79. Year to date, Western Midstream Partners LP’s stock is up 14.75%.

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What Caused Western Midstream Partners LP Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 16, 2024, there were 2 analysts who downgraded Western Midstream Partners LP’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Western Midstream Partners LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Western Midstream Partners LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Western Midstream Partners LP’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Western Midstream Partners LP (WES) by visiting AAII Stock Evaluator.

Relative Price Strength of Western Midstream Partners LP

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 16, 2024, Western Midstream Partners LP has a weighted four-quarter relative price strength of -4.47%, which translates to a Momentum Score of 53 and is considered to be Average.

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Western Midstream Partners LP Stock Price: Bottom Line

As of February 20, 2024, Western Midstream Partners LP’s stock price is $30.81, which is up 5.69% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Western Midstream Partners LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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