The Western Midstream Partners, LP (NYSE:WES) is going down by -3.84% in today’s trading session, a fall equivalent to -0.93% of the stock’s price from yesterday’s market close. A news came out on 08/09/19 stating that Alerian Reports June 30, 2019 Index Linked Product Positions by WSJ. The lowest point that the shares touched during the trading session was $23.88, while the peak of the day was recorded at a share price of $24.87. WES finished the previous session at $24.11 according to the data provided by Barchart, while the trading volume was observed to be $1,165,726.
In the 100 days of trading, WES managed to top a 30.25% Moving average. Additionally, Western Midstream Partners, LP shares have achieved a 52-week range between 23.45 and 36.19 alongside 100 days raw stochastic set at 0.24%.
The number of shares outstanding, according to the fundamentals of the company, is set at 447.05M, equal to the value of $10.78B in market capitalization. Financial analysts indicate that WES shares should be still ranked as a “Outperform”. In the last 30 days, Western Midstream Partners, LP shares went down by -27.06%, adding 31.82 to growth in value, on top of a +0.13% boost since 07/12/19.
Western Midstream Partners, LP (NYSE:WES) Analyst’s Estimates
Western Midstream Partners, LP (WES) could record at least $0.55 per share in quarterly earnings in the upcoming report on 10/29/2019, a number that would actually represent an increase of 17.80% YOY.
According to the average analyst rating, Western Midstream Partners, LP would be rated as 2.50. Out of 14 different analysts monitoring WES stock, 2 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 3 indicate that WES is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-13-19, the stock earned a Downgrade rating due to a new analyst call from Ladenburg Thalmann, while analysts from JP Morgan believe that the stock is set at Neutral from Overweight, as concluded on Aug-13-19. UBS, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on Aug-02-19.
Regardless of the rating, Mizuho did increase their price to $34 as they are considering target share price analysis. Citigroup, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-09-19, giving the stock a Buy rating.
WES Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +40.73% has been attained, while the operating margin has been recorded at +35.39%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 4.28%. Beta value of the stock is recorded at 1.37. Additionally, Western Midstream Partners, LP is recording price volatility of 3.84% for the period of the last seven days and 3.32% in the last 30 days.
Western Midstream Partners, LP (NYSE:WES) Technical Outlook
For the period of the last 50 days, Western Midstream Partners, LP had its Raw Stochastic average set at 0.34% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 0.36%. Stochastic %K for Western Midstream Partners, LP, with the last 20 days included, was set at 6.81%, having Stochastic %D topping 8.97%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Western Midstream Partners, LP stocks with recording -33.51% in metrics.
Western Midstream Partners, LP Insider Watch:
As far as the position of shares issued by Western Midstream Partners, LP (NYSE:WES) for the period concluded at the market close of 08/13/19, 113 institutional investors increased their positions in WES shares by 12,883,264, 107 decreased positions by 17,241,804 and 44 institutional investors decided to hold positions at 156,308,773. These numbers put the complete list of institutional holdings set at 186,433,841 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 30 institutional investments with 1,366,506 new shares in addition to having 24 institutional investors selling their positions in 2,744,289 shares.