Western Midstream Partners LP (WES) concluded trading on Thursday at a closing price of $42.87, with 5.63 million shares of worth about $241.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.33% during that period and on January 30, 2025 the price saw a gain of about 2.56%. Currently the company’s common shares owned by public are about 380.56M shares, out of which, 210.17M shares are available for trading.
Stock saw a price change of 1.04% in past 5 days and over the past one month there was a price change of 9.56%. Year-to-date (YTD), WES shares are showing a performance of 11.55% which increased to 44.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.84 but also hit the highest price of $43.33 during that period. The average intraday trading volume for Western Midstream Partners LP shares is 1.29 million. The stock is currently trading 4.90% above its 20-day simple moving average (SMA20), while that difference is up 7.73% for SMA50 and it goes to 10.86% higher than SMA200.
Western Midstream Partners LP (NYSE: WES) currently have 380.56M outstanding shares and institutions hold larger chunk of about 40.03% of that.
The stock has a current market capitalization of $16.31B and its 3Y-monthly beta is at 2.81. PE ratio of stock for trailing 12 months is 10.97, while it has posted earnings per share of $3.91 in the same period. Its PEG reads 0.83 and has Quick Ratio of 1.11 while making debt-to-equity ratio of 2.45. 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 3.02% while standing at 2.53% over the month.
Stock’s fiscal year EPS is expected to rise by 50.11% while it is estimated to decrease by -10.52% in next year. EPS is likely to grow at an annualized rate of 13.18% for next 5-years, compared to annual growth of 9.01% 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 Morgan Stanley on October 25, 2024 offering an Underweight rating for the stock and assigned a target price range of between $42 and $40 to it. Coverage by BofA Securities stated Western Midstream Partners LP (WES) stock as an Underperform in their note to investors on October 17, 2024, suggesting a price target of $37 for the stock. On September 16, 2024, Morgan Stanley Downgrade their recommendations, while on July 10, 2024, Stifel Downgrade their ratings for the stock with a price target of $39. Stock get a Peer perform rating from Wolfe Research on April 18, 2024.
