In the past week, WES stock has gone down by -3.52%, with a monthly decline of -8.95% and a quarterly surge of 0.67%. The volatility ratio for the week is 3.86%, and the volatility levels for the last 30 days are 3.33% for Western Midstream Partners LP The simple moving average for the last 20 days is -4.68% for WES stock, with a simple moving average of -4.13% for the last 200 days.
Is It Worth Investing in Western Midstream Partners LP (NYSE: WES) Right Now?
The price-to-earnings ratio for Western Midstream Partners LP (NYSE: WES) is above average at 8.56x, while the 36-month beta value is 2.70.
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The public float for WES is 384.68M, and currently, short sellers hold a 1.28% ratio of that floaft. The average trading volume of WES on March 15, 2023 was 991.04K shares.
WES) stock’s latest price update
Western Midstream Partners LP (NYSE: WES)’s stock price has decreased by -0.96 compared to its previous closing price of 25.98. Nevertheless, the company has seen a loss of -3.52% in its stock price over the last five trading days.
Analysts’ Opinion of WES
In the past week, WES stock has gone down by -3.52%, with a monthly decline of -8.95% and a quarterly surge of 0.67%. The volatility ratio for the week is 3.86%, and the volatility levels for the last 30 days are 3.33% for Western Midstream Partners LP The simple moving average for the last 20 days is -4.68% for WES stock, with a simple moving average of -4.13% for the last 200 days.
Analysts’ Opinion of WES
Many brokerage firms have already submitted their reports for WES stocks, with Citigroup repeating the rating for WES by listing it as a “Buy.” The predicted price for WES in the upcoming period, according to Citigroup is $33 based on the research report published on December 09th of the previous year 2022.
BofA Securities gave a rating of “Buy” to WES, setting the target price at $25 in the report published on September 28th of the previous year.
WES Trading at -5.56% 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 -12.78% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 3.86%, as shares sank -9.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.76% lower at present.
During the last 5 trading sessions, WES fell by -3.52%, which changed the moving average for the period of 200-days by -3.96% in comparison to the 20-day moving average, which settled at $26.87. In addition, Western Midstream Partners LP saw -4.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
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
Equity return is now at value 39.20, with 10.40 for asset returns.
Conclusion
In a nutshell, Western Midstream Partners LP (WES) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
