In the past week, WES stock has gone up by 0.95%, with a monthly decline of -3.25% and a quarterly plunge of -1.42%. The volatility ratio for the week is 1.57%, and the volatility levels for the last 30 days are 1.84% for Western Midstream Partners LP The simple moving average for the past 20 days is -0.24% for WES’s stock, with a -0.28% simple moving average for the past 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 9.90x, while the 36-month beta value is 2.67.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Western Midstream Partners LP (WES) is $30.57, which is $4.07 above the current market price. The public float for WES is 383.89M, and currently, short sellers hold a 1.41% ratio of that floaft. The average trading volume of WES on September 19, 2023 was 1.02M shares.
WES) stock’s latest price update
Western Midstream Partners LP (NYSE: WES)’s stock price has soared by 1.26 in relation to previous closing price of 26.14. Nevertheless, the company has seen a gain of 0.95% in its stock price over the last five trading days. Reuters reported 2023-09-05 that Pipeline and oil and gas processing plant operator Western Midstream Partners said on Tuesday it is acquiring Meritage Midstream Services II LLC for $885 million to expand its footprint in the Powder River Basin.
Analysts’ Opinion of WES
Many brokerage firms have already submitted their reports for WES stocks, with Wells Fargo repeating the rating for WES by listing it as a “Equal Weight.” The predicted price for WES in the upcoming period, according to Wells Fargo is $30 based on the research report published on August 11, 2023 of the current year 2023.
WES Trading at -2.74% 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 -8.08% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares sank -4.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.15% lower at present.
During the last 5 trading sessions, WES rose by +0.88%, which changed the moving average for the period of 200-days by -5.47% in comparison to the 20-day moving average, which settled at $26.48. In addition, Western Midstream Partners LP saw -0.11% 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 5,100,000 shares at the price of $25.00 back on Sep 12. After this action, OCCIDENTAL PETROLEUM CORP /DE/ now owns 185,181,578 shares of Western Midstream Partners LP, valued at $127,500,000 using the latest closing price.
OCCIDENTAL PETROLEUM CORP /DE/, the 10% Owner of Western Midstream Partners LP, sale 5,100,000 shares at $25.00 during a trade that took place back on Sep 12, which means that OCCIDENTAL PETROLEUM CORP /DE/ is holding 185,181,578 shares at $127,500,000 based on the most recent closing price.
Stock Fundamentals for WES
Current profitability levels for the company are sitting at:
- +40.63 for the present operating margin
- +49.02 for the gross margin
The net margin for Western Midstream Partners LP stands at +36.58. The total capital return value is set at 13.22, while invested capital returns managed to touch 12.54. Equity return is now at value 35.40, with 9.20 for asset returns.
Based on Western Midstream Partners LP (WES), the company’s capital structure generated 229.80 points at debt to equity in total, while total debt to capital is 69.68. Total debt to assets is 60.59, with long-term debt to equity ratio resting at 222.19. Finally, the long-term debt to capital ratio is 67.37.
When we switch over and look at the enterprise to sales, we see a ratio of 5.37, with the company’s debt to enterprise value settled at 0.39. The receivables turnover for the company is 6.15 and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
In a nutshell, Western Midstream Partners LP (WES) has experienced a bad 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.
