WES's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 285.24 -- higher than 88.17% of US-listed equities with positive expected earnings growth.
Of note is the ratio of Western Midstream Partners LP's sales and general administrative expense to its total operating expenses; only 5.59% of US stocks have a lower such ratio.
In terms of volatility of its share price, WES is more volatile than 89.81% of stocks we're observing.
Stocks with similar financial metrics, market capitalization, and price volatility to Western Midstream Partners LP are VNOM, ENBL, APTS, GLOP, and RIG.
Western Midstream Partners, LP Common Limited Partner Interests (WES) Company Bio
Western Gas Partners LP operates, acquires, and develops midstream energy assets in the Rocky Mountains, the Mid-Continent, North-central Pennsylvania, and Texas. The company was founded in 2007 and is based in The Woodlands, Texas.
WES Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Western Midstream Partners LP. To summarize, we found that Western Midstream Partners LP ranked in the 88th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 1653.67% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Western Midstream Partners LP, consider:
30% of the company's capital comes from equity, which is greater than only 13.22% of stocks in our cash flow based forecasting set.
The business' balance sheet suggests that 70% of the company's capital is sourced from debt; this is greater than 86.74% of the free cash flow producing stocks we're observing.
The weighted average cost of capital for the company is 8. This value is greater than merely 20.47% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as WES, try PAGP, NBLX, CNQ, VET, and SAEX.
Western Midstream Partners (WES) +6.8% pre-market after saying it will exchange a 98% interest in the $260M 6.5% fixed-rate note due 2038 from Occidental Petroleum (OXY) for ~27.85M Western common units owned by Occidental; the units then will be canceled.Western Midstream says the exchange will increase its annual free cash flow...
Today Western Midstream Partners, LP (NYSE: WES) ("WES") announced a re-composition of the board of directors (the "Board") of Western Midstream Holdings, LLC, its general partner (the "General Partner"). Kenneth F. Owen, David J. Schulte, and Lisa A. Stewart (each a "New Director") were appointed as independent directors. In connection with a reduction in the size of the Board from eleven to eight directors, Steven D. Arnold, Marcia E. Backus, James R. Crane, Thomas R. Hix, Craig W. Stewart, and David J. Tudor will be leaving the Board. The changes to the Board are effective immediately. Each New Director will serve on both the Audit Committee and the Special Committee of the Board, with Mr. Owen serving as the Chairman of the Audit Committee and...
Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced the exchange of its 98% interest in the $260 million 6.50% fixed-rate note receivable due 2038 from Occidental Petroleum Corporation (NYSE: OXY) ("Occidental") for 27.855 million WES common units owned by Occidental (the "Exchange"). The units will be canceled following the Exchange. The net effect of this transaction increases WES's per-annum Free cash flow1 after distributions by approximately $18.1 million based on current per-unit annualized distributions.
Today Western Midstream Partners, LP (NYSE: WES) announced that Michael Ure, President and Chief Executive Officer, will participate in a question and answer session at the Bank of America Fall Virtual Energy Summit, on Wednesday, August 26, 2020 at 12:00 p.m. EDT. To provide additional insight related to second-quarter results, an interview with Michael Ure will be posted on Western Midstream's website at www.westernmidstream.com on Monday, August 24, 2020.