Western Midstream Partners LP (WES) concluded trading on Thursady at a closing price of $33.60, with 6.4 million shares of worth about $214.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.12% during that period and on Thursady the price saw a gain of about 11.33%. Currently the company’s common shares owned by public are about 379.52M shares, out of which, 191.51M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 2 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 2 selling transactions, insiders dumped 10,200,000 shares.
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Stock saw a price change of 19.74% in past 5 days and over the past one month there was a price change of 16.99%. Year-to-date (YTD), WES shares are showing a performance of 14.83% which increased to 23.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.48 but also hit the highest price of $32.25 during that period. The average intraday trading volume for Western Midstream Partners LP shares is 1.27 million. The stock is currently trading 16.51% above its 20-day simple moving average (SMA20), while that difference is up 18.14% for SMA50 and it goes to 22.39% higher than SMA200.
Western Midstream Partners LP (NYSE: WES) currently have 379.52M outstanding shares and institutions hold larger chunk of about 42.60% of that.
The stock has a current market capitalization of $12.75B and its 3Y-monthly beta is at 2.75. PE ratio of stock for trailing 12 months is 12.93, while it has posted earnings per share of $2.60 in the same period. Its PEG reads 3.40 and has Quick Ratio of 0.76 while making debt-to-equity ratio of 2.75. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WES, volatility over the week remained 5.59% while standing at 2.68% over the month.
Stock’s fiscal year EPS is expected to rise by 24.54% while it is estimated to increase by 7.71% in next year. EPS is likely to shrink at an annualized rate of 3.80% for next 5-years, compared to annual growth of 9.03% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 13, 2023 offering an Underperform rating for the stock and assigned a target price range of between $30 and $27 to it. Coverage by Wells Fargo stated Western Midstream Partners LP (WES) stock as an Equal weight in their note to investors on August 11, 2023, suggesting a price target of $30 for the stock. On August 09, 2023, JP Morgan Downgrade their recommendations, while on July 12, 2023, Wolfe Research Downgrade their ratings for the stock with a price target of $25. Stock get a Neutral rating from UBS on June 26, 2023.
