Western Midstream Partners Stock Beta
| WES Stock | USD 35.38 0.73 2.11% |
Western Midstream Partners fundamentals help investors to digest information that contributes to Western Midstream's financial success or failures. It also enables traders to predict the movement of Western Stock. The fundamental analysis module provides a way to measure Western Midstream's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Western Midstream stock.
Western | Beta |
Western Midstream Partners Company Beta Analysis
Western Midstream's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Western Midstream Beta | 2.78 |
Most of Western Midstream's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Western Midstream Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Western Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Western Midstream is extremely important. It helps to project a fair market value of Western Stock properly, considering its historical fundamentals such as Beta. Since Western Midstream's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Western Midstream's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Western Midstream's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Western Midstream Partners has a Beta of 2.775. This is 63.24% higher than that of the Oil, Gas & Consumable Fuels sector and 113.46% higher than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.
Western Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Western Midstream's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Western Midstream could also be used in its relative valuation, which is a method of valuing Western Midstream by comparing valuation metrics of similar companies.Western Midstream is currently under evaluation in beta category among related companies.
Western Midstream Institutional Holders
Institutional Holdings refers to the ownership stake in Western Midstream that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Western Midstream's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Western Midstream's value.| Shares | Brookfield Corp | 2023-12-31 | 2.9 M | Rr Advisors, Llc | 2023-12-31 | 2.6 M | Ubs Group Ag | 2023-12-31 | 2.2 M | Eagle Global Advisors, Llc | 2023-12-31 | 2 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.9 M | Westwood Holdings Group Inc | 2023-12-31 | 1.8 M | Atlantic Trust Group, Llc | 2023-12-31 | 1.6 M | Berkley W R Corp | 2023-12-31 | 1.6 M | Infrastructure Capital Advisors, Llc | 2023-12-31 | 1.5 M | Alps Advisors Inc | 2023-12-31 | 32.3 M | Amvescap Plc. | 2023-12-31 | 23.3 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Western Midstream will likely underperform.
Western Fundamentals
| Return On Equity | 0.34 | ||||
| Return On Asset | 0.0679 | ||||
| Profit Margin | 0.32 % | ||||
| Operating Margin | 0.42 % | ||||
| Current Valuation | 20.92 B | ||||
| Shares Outstanding | 380.48 M | ||||
| Shares Owned By Insiders | 0.32 % | ||||
| Shares Owned By Institutions | 91.50 % | ||||
| Number Of Shares Shorted | 5.85 M | ||||
| Price To Earning | 10.32 X | ||||
| Price To Book | 4.54 X | ||||
| Price To Sales | 4.23 X | ||||
| Revenue | 3.11 B | ||||
| Gross Profit | 2.18 B | ||||
| EBITDA | 1.89 B | ||||
| Net Income | 998.53 M | ||||
| Cash And Equivalents | 286.66 M | ||||
| Cash Per Share | 0.41 X | ||||
| Total Debt | 7.96 B | ||||
| Debt To Equity | 2.34 % | ||||
| Current Ratio | 1.20 X | ||||
| Book Value Per Share | 7.63 X | ||||
| Cash Flow From Operations | 1.7 B | ||||
| Short Ratio | 5.11 X | ||||
| Earnings Per Share | 2.60 X | ||||
| Price To Earnings To Growth | 5.48 X | ||||
| Target Price | 33.92 | ||||
| Number Of Employees | 1.38 K | ||||
| Beta | 2.78 | ||||
| Market Capitalization | 13.15 B | ||||
| Total Asset | 12.47 B | ||||
| Retained Earnings | 1.22 B | ||||
| Working Capital | (311.65 M) | ||||
| Current Asset | 299.22 M | ||||
| Current Liabilities | 235.49 M | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 10.44 % | ||||
| Net Asset | 12.47 B | ||||
| Last Dividend Paid | 2.21 |
About Western Midstream Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Western Midstream Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Midstream Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Western Midstream is a strong investment it is important to analyze Western Midstream's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Midstream's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports:Check out Western Midstream Piotroski F Score and Western Midstream Altman Z Score analysis. Note that the Western Midstream information on this page should be used as a complementary analysis to other Western Midstream's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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When running Western Midstream's price analysis, check to measure Western Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Midstream is operating at the current time. Most of Western Midstream's value examination focuses on studying past and present price action to predict the probability of Western Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Midstream's price. Additionally, you may evaluate how the addition of Western Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Western Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Midstream. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.13) | Dividend Share 2.213 | Earnings Share 2.6 | Revenue Per Share 8.11 | Quarterly Revenue Growth 0.101 |
The market value of Western Midstream is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Midstream's value that differs from its market value or its book value, called intrinsic value, which is Western Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Midstream's market value can be influenced by many factors that don't directly affect Western Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.