With a one year PEG ratio of 208.02, Western Midstream Partners LP is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 84.66% of US stocks.
Of note is the ratio of Western Midstream Partners LP's sales and general administrative expense to its total operating expenses; only 5.36% of US stocks have a lower such ratio.
In terms of volatility of its share price, WES is more volatile than 91.18% of stocks we're observing.
Stocks that are quantitatively similar to WES, based on their financial statements, market capitalization, and price volatility, are VNOM, APTS, ENBL, GLOP, and CBL.
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:
We started the process of determining a valid price forecast for Western Midstream Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Western Midstream Partners LP ranked in the 82th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 582.67%. The most interesting components of our discounted cash flow analysis for Western Midstream Partners LP ended up being:
The compound growth rate in the free cash flow of Western Midstream Partners LP over the past 4.19 years is 0.54%; that's better than 74.78% of cash flow producing equities in the Energy sector, where it is classified.
34% of the company's capital comes from equity, which is greater than merely 17.24% of stocks in our cash flow based forecasting set.
Western Midstream Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive 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 MMLP, TOT, HESM, HMLP, and HFC.
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...
Bonds of hard-hit oil and gas companies such as Occidental Petroleum, Antero Resources , WPX Energy, HighPoint Resources and Western Midstream Partners rose in price on Thursday after the Federal Reserve announced it would expand its Main Street Lending Facility to larger and riskier companies affected by the coronavirus pandemic. In afternoon trade, seven of the 10 biggest upward movers in the U.S. corporate bond market were oil and gas companies, according to MarketAxess data. WPX Energy's 5.75% June 2026 bond was up 6.7% on the day, last trading at 88 cents on the dollar.
The Woodlands-based Western Midstream Partners LP (NYSE: WES) is joining the energy-related companies making several cuts to help weather the Covid-19 pandemic and massive oil and gas downturn. Western Midstream is cutting its quarterly cash distribution in half. Additionally, the MLP cut its planned capital expenditures for 2020 by 45 percent compared to its previous guidance.
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 first quarter of 2020, which represents a 50-percent decrease from the fourth-quarter 2019 per-unit distribution. This distribution decrease was undertaken to protect, restore, and strengthen WES's balance sheet as the COVID-19 worldwide pandemic, declining economic activity and energy demand, and depressed commodity prices continue to underpin broad-based market uncertainty. WES's first-quarter 2020 distribution is payable May 14, 2020, to unitholders of record at the close of business May 1, 2020.