Western Midstream Ptrs saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 93 the day before.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Western Midstream Ptrs broke out earlier, but has fallen back below the prior 42.80 entry from a consolidation. If a stock you're watching climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout.
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The stock has an 89 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 89% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 6% EPS growth. Top line growth came in at 14%, down from 23% in the prior quarter. The company's next quarterly report is expected on or around Feb. 26.
Western Midstream Ptrs holds the No. 1 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream and MPLX are also among the group's highest-rated stocks.
