Wesfarmers to Sell Coregas to Nippon Sanso for 480 Million
| WES Stock | USD 39.24 0.02 0.05% |
Slightly above 56% of Western Midstream's investor base is looking to short. The current sentiment of investing in Western Midstream Partners suggests that many traders are alarmed. Western Midstream's investing sentiment can be driven by a variety of factors including economic data, Western Midstream's earnings reports, geopolitical events, and overall market trends.
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-- Wesfarmers Ltd. will sell its Coregas industrial gas unit to a subsidiary of Nippon Sanso Holdings Corp. for A770 million . Most Read from BloombergNew York Citys Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent and More DangerousDakars Air Quality Plummets as Saharan Dust Descends on SenegalThe Australian conglomerate expects to report a pre-tax profit of as much as A260 million following completion of the tra
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Western Midstream Fundamental Analysis
We analyze Western Midstream'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 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.
Total Asset
Total Asset Comparative Analysis
Western Midstream is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Western Midstream Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Western Midstream stock to make a market-neutral strategy. 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 with similar companies.
Peers
Western Midstream Related Equities
| DTM | DT Midstream | 1.80 | ||||
| HESM | Hess Midstream | 0.69 | ||||
| AM | Antero Midstream | 0.52 | ||||
| PAA | Plains All | 0.35 | ||||
| EPD | Enterprise Products | 0.25 | ||||
| MPLX | MPLX LP | 0.25 | ||||
| ET | Energy Transfer | 0.36 | ||||
| GEL | Genesis Energy | 1.52 |
Additional Tools for Western Stock Analysis
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.