WES's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 295.52 -- higher than 88.92% 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; just 5.59% of US stocks have a lower such ratio.
In terms of volatility of its share price, WES is more volatile than 89.34% of stocks we're observing.
Stocks that are quantitatively similar to WES, based on their financial statements, market capitalization, and price volatility, 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:
Below please find a table outlining a discounted cash flow forecast for WES, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Western Midstream Partners LP ranked in the 87th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1588.5%. As for the metrics that stood out in our discounted cash flow analysis of Western Midstream Partners LP, consider:
31% of the company's capital comes from equity, which is greater than merely 13.98% of stocks in our cash flow based forecasting set.
The business' balance sheet reveals debt to be 69% of the company's capital (with equity being the remaining amount). Approximately 85.99% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
The weighted average cost of capital for the company is 8. This value is greater than only 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 GLOP, BASX, SHLX, NBLX, and PAGP.
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" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution of $0.311 per unit for the second quarter of 2020. WES's second-quarter 2020 distribution is payable August 13, 2020, to unitholders of record at the close of business July 31, 2020.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced first-quarter 2020 financial and operating results. Net income (loss) available to limited partners for the first quarter of 2020 totaled $(251.4) million, or a loss of $0.57 per common unit (diluted), with first-quarter 2020 Adjusted EBITDA(1) totaling $513.6 million, first-quarter Cash flows from operating activities totaling $393.3 million, and first-quarter 2020 Free cash flow(1) totaling $214.6 million. The net loss includes $596.8 million of non-cash impairments of goodwill and long-lived assets primarily resulting from lower sustained commodity prices and forecasted in-basin producer activity reductions following the worldwide outbreak of the coronavirus ("COVID-19&quo...