The Western Midstream Partners LP (NYSE:WES) is going down by -2.22% in today’s trading session, a fall equivalent to -0.41% of the stock’s price from yesterday’s market close. A news came out on 11/04/19 stating that Western Midstream Announces Third-Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $18.32, while the peak of the day was recorded at a share price of $19.26. WES finished the previous session at $18.47 according to the data provided by Barchart, while the trading volume was observed to be $802207.
In the 100 days of trading, WES managed to top a 24.97% Moving average. Additionally, Western Midstream Partners LP shares have achieved a 52-week range between 18.32 and 35.75 alongside 100 days raw stochastic set at 0.51%.
The number of shares outstanding, according to the fundamentals of the company, is set at 454.68M, equal to the value of $8.40B in market capitalization. In the last 30 days, Western Midstream Partners LP shares went down by -21.93%, adding 23.27 to growth in value, on top of a +0.39% boost since 10/18/19.
Western Midstream Partners LP (NYSE:WES) Analyst’s Estimates
Western Midstream Partners LP (WES) could record at least $0.45 per share in quarterly earnings in the upcoming report on 02/19/2020, a number that would actually represent an increase of 2.07 YOY.
According to the average analyst rating, Western Midstream Partners LP would be rated as Overweight. Out of 15 different analysts monitoring WES stock, 5 analysts rate the stock as a BUY, 10 suggest to give the rating of HOLD, 0 indicate that WES is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 15, 2019, the stock earned a Reiterated rating due to a new analyst call from BofA/Merrill, while analysts from Ladenburg Thalmann believe that the stock is set at Neutral from Buy, as concluded on August 13, 2019. JP Morgan, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on August 13, 2019.
Regardless of the rating, UBS did decrease their price from $40 to $27 as they are considering target share price analysis. Mizuho, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on June 14, 2019, 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 3.77% for the period of the last seven days and 3.41% 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 0.75% 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 1.39%. Stochastic %K for Western Midstream Partners LP, with the last 20 days included, was set at 5.51%, having Stochastic %D topping 8.60%. 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 -33.39% in metrics.
Western Midstream Partners LP Insider Watch:
Similarly, 99.28% of the company’s float is held by institutions – and there are 260 institutions in total holding shares of this company. The top three institutional holders of WES stocks are: Alps Advisors Inc. with ownership of $604.66 million, which is approximately 24293298 of the company’s shares; Tortoise Capital Advisors, LLC, holding 23952076 shares of the stock with an approximate value of $596.17 million; and Goldman Sachs Group, Inc., currently with more than 14777952 shares of the company valued at $367.82 million. Positions in Western Midstream Partners LP stocks held by institutional investors has been changing actively in the past six months, a period during which there were 6 insider purchases amounting to 25212 shares. Similarly, there were 1 sale transactions amounting to 5000 shares, with the net shares purchased during the last six months reaching 20,212.