Western Midstream Partners LP (NYSE:WES) went down by -5.79% from its latest closing price compared to the recent 1-year high of $29.50. The company’s stock price has collected -6.65% of loss in the last five trading sessions.
Is It Worth Investing in Western Midstream Partners LP (NYSE :WES) Right Now?
Western Midstream Partners LP (NYSE:WES) scored a price-to-earnings ratio above its average ratio, recording 10.34 x from its present earnings ratio. Plus, the 36-month beta value for WES is at 3.06. Opinions of the stock are interesting as 8 analysts out of 13 who provided ratings for Western Midstream Partners LP declared the stock was a “buy,” while 3 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $31.75, which is $6.12 above the current price. WES currently public float of 212.67M and currently shorts hold a 3.84% ratio of that float. Today, the average trading volume of WES was 1.26M shares.
WES’s Market Performance
WES stocks went down by -6.65% for the week, with a monthly jump of 9.08% and a quarterly performance of -1.08%, while its annual performance rate touched 34.48%. The volatility ratio for the week stands at 3.98% while the volatility levels for the past 30 days are set at 3.67% for Western Midstream Partners LP. The simple moving average for the period of the last 20 days is -1.96% for WES stocks with a simple moving average of 6.30% for the last 200 days.
Analysts’ Opinion of WES
BofA Securities, on the other hand, stated in their research note that they expect to see WES reach a price target of $25. The rating they have provided for WES stocks is “Buy” according to the report published on September 28th, 2021.
Morgan Stanley gave a rating of “Overweight” to WES, setting the target price at $24 in the report published on July 20th of the previous year.
WES Trading at -1.07% from the 50-Day Moving Average
After a stumble in the market that brought WES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.88% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 3.98%, as shares surge +1.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.39% lower at present.
During the last 5 trading sessions, WES fell by -6.65%, which changed the moving average for the period of 200-days by +10.97% in comparison to the 20-day moving average, which settled at $26.23. In addition, Western Midstream Partners LP saw 15.40% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at WES starting from OCCIDENTAL PETROLEUM CORP /DE/, who sale 10,000,000 shares at the price of $25.25 back on Jul 21. After this action, OCCIDENTAL PETROLEUM CORP /DE/ now owns 190,281,578 shares of Western Midstream Partners LP, valued at $252,500,000 using the latest closing price.
OCCIDENTAL PETROLEUM CORP /DE/, the 10% Owner of Western Midstream Partners LP, sale 10,000,000 shares at $25.25 during a trade that took place back on Jul 21, which means that OCCIDENTAL PETROLEUM CORP /DE/ is holding 190,281,578 shares at $252,500,000 based on the most recent closing price.
Stock Fundamentals for WES
Current profitability levels for the company are sitting at:
- +36.43 for the present operating margin
- +46.06 for the gross margin
The net margin for Western Midstream Partners LP stands at +33.23. Equity return is now at value 33.90, with 8.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.