WES Stock Recent News
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Western Midstream (WES) reached $38.38 at the closing of the latest trading day, reflecting a +1.8% change compared to its last close.
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Let's talk about energy dividends because, well, you know why. But let's not chase the headlines.
Western Midstream (WES) closed the most recent trading day at $38.55, moving +1.15% from the previous trading session.
Western Midstream Partners offers solid distribution growth and expansion-focused investments. The company's capital budget prioritizes pipeline expansion, especially in the Delaware Basin, supporting long-term cash flow and distribution increases. WES trades at a discounted EV/EBITDA multiple versus rivals, presenting 20% upside potential as valuation normalizes and acquisitions continue.
For investors in search of high yields and growing distributions, there is no better part of the market to look at than the midstream energy sector. While the players in the industry do face the risks associated with slumping energy volumes and aren't completely immune to energy price downturns, they are generally in great financial shape at the moment and seeing increased growth opportunities.
The current environment is uniquely challenging, with uncertainty persisting and no clear catalyst for a recovery. Growth is richly priced, and, in my view, an unattractive space. This makes value and income investor areas relatively more interesting.
Retirement income investing and high-yields are not mutually exclusive. In fact, I could see a case for building a prudent portfolio that consists of 7%+ yielding securities. Yet, there is a merit of including lower yielding securities as well.
It is rare to buy an investment that is both deeply discounted and enjoying strong momentum. However, we share two such opportunities right now. We share why we think they are still undervalued and have significantly further to run.
Western Midstream (WES) reported earnings 30 days ago. What's next for the stock?