Western Midstream Ptrs’ Relative Strength Rating Upgraded to 72 in 2023, Showing Improvement.

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Western ($NYSE:WES) Midstream Ptrs has seen a major improvement in their Relative Strength Rating in 2023, going from 67 to 72. This is an encouraging sign that the company is making progress in increasing their market performance. Although the rating is still below the outperforming level of 80 or above, it is a positive sign that Western Midstream Ptrs is heading in the right direction. The Relative Strength Rating is a measure that investors use to assess a company’s performance. It is calculated by analyzing the company’s stock price performance over a specified period of time, usually twelve months. A higher rating indicates that the company’s stock has outperformed the overall market, while a lower rating signals underperformance.

This could be due to a combination of factors, including improved operational performance and strategic initiatives. It is also possible that the recent rise in oil prices have had a positive effect on Western Midstream Ptrs’ stock performance. The company has made important strides to increase their market performance, and the higher rating would signify an outperformer. Investors should keep an eye on Western Midstream Ptrs’ stock in the future to see if the company can continue to improve their Relative Strength Rating and reach an outperforming level.

Price History

This indicates that the stock is showing signs of improvement and increased strength. On Wednesday, WESTERN MIDSTREAM PARTNERS LP stock opened at $26.2 and closed at $25.5, down by 2.9% from its prior closing price of $26.2. Despite the decline, the recent boost in RSR points could be an indication that the stock may experience an increase in value in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for WES. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for WES. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for WES. More…

Key Ratios Snapshot

Some of the financial key ratios for WES are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of WESTERN MIDSTREAM PARTNERS LP’s wellbeing. Using our Star Chart, we have given WESTERN MIDSTREAM PARTNERS LP a high health score of 8/10 with regard to its cashflows and debt, showing that it is capable to pay off debt and fund future operations. We also note that WESTERN MIDSTREAM PARTNERS LP is strong in dividend, growth, profitability, but weak in asset. Based on this assessment, we have classified WESTERN MIDSTREAM PARTNERS LP as a ‘gorilla’ — a type of company we conclude that achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strong financial performance and competitive advantage, we believe investors with a long-term approach to the stock market may be particularly interested in WESTERN MIDSTREAM PARTNERS LP. In addition, value investors may also find this stock attractive due to its low price-to-earnings ratio and high dividend rate. More…

Peers

The general partner is Anadarko Petroleum Corporation. The partnership owns, operates, develops and acquires midstream energy assets in the United States. The assets include natural gas gathering systems, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, olefins production facilities, pipelines and natural gas and NGL storage facilities.

– Kinder Morgan Inc ($NYSE:KMI)

Kinder Morgan Inc is a leading energy infrastructure company in North America. They own an interest in or operate approximately 84,000 miles of pipelines and 157 terminals. Their pipelines transport natural gas, refined petroleum products, crude oil, and CO2. Terminals handle and store products such as petroleum, chemicals, ethanol, and coal. Kinder Morgan Inc’s market cap as of 2022 is 39.38B. Their ROE is 7.82%.

– Williams Companies Inc ($NYSE:WMB)

The Williams Companies, Inc. is an energy infrastructure company based in Tulsa, Oklahoma. It is engaged in natural gas processing and transportation, as well as oil and gas exploration and production. The company owns and operates a large network of natural gas pipelines, storage facilities, and processing plants in the United States. Williams also has a minority interest in a natural gas pipeline in Canada. The company was founded in 1908 and has a workforce of approximately 4,000 employees.

– Pembina Pipeline Corp ($TSX:PPL)

Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America’s energy industry for over 65 years. Pembina owns and operates an integrated system of pipelines that transport crude oil, natural gas and natural gas liquids (NGLs). Pembina also owns and operates gas gathering and processing facilities and an NGL extraction business. With facilities strategically located in western Canada and in natural gas liquids-rich basins in the United States, Pembina delivers its services to customers where they need it most.

Summary

Western Midstream Partners LP (WESTERN) has recently seen its Relative Strength Rating upgraded to 72 in 2023, indicating a positive improvement in the stock’s performance. News coverage of the stock has been mostly positive and investors have been taking note of the promising outlook. WESTERN has been performing strongly in the markets recently, with increases in both its share price and trading volume. The company’s balance sheet has been strong, with low debt levels and improved cash flow.

WESTERN has also maintained its dividend payout, making it a reliable investment for income-seeking investors. The company’s outlook for the future looks promising, and investors may want to consider WESTERN as a potential investment.