The price-to-earnings ratio for Western Midstream Partners LP (NYSE: WES) is above average at 13.64x, Company’s 36-month beta value is 2.77.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for WES is 192.53M, and currently, short sellers hold a 3.04% ratio of that floaft. The average trading volume of WES on April 11, 2024 was 1.33M shares.
WES) stock’s latest price update
Western Midstream Partners LP (NYSE: WES) has experienced a decline in its stock price by -0.06 compared to its previous closing price of 35.49. However, the company has seen a fall of -1.55% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-09 that Energy stocks are no longer the table pounding buys that they used to be. However, there are still several compelling reasons to invest in certain energy stocks. We share some of our top picks of the moment in the sector.
WES’s Market Performance
WES’s stock has fallen by -1.55% in the past week, with a monthly rise of 4.35% and a quarterly rise of 24.63%. The volatility ratio for the week is 1.62% while the volatility levels for the last 30 days are 1.91% for Western Midstream Partners LP The simple moving average for the last 20 days is 1.30% for WES’s stock, with a simple moving average of 22.92% for the last 200 days.
Analysts’ Opinion of WES
Citigroup, on the other hand, stated in their research note that they expect to see WES reach a price target of $34, previously predicting the price at $30. The rating they have provided for WES stocks is “Neutral” according to the report published on February 29th, 2024.
BofA Securities gave a rating of “Underperform” to WES, setting the target price at $27 in the report published on December 13th of the previous year.
WES Trading at 8.71% 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 -3.59% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +4.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.15% upper at present.
During the last 5 trading sessions, WES fell by -1.55%, which changed the moving average for the period of 200-days by +34.31% in comparison to the 20-day moving average, which settled at $35.09. In addition, Western Midstream Partners LP saw 21.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WES starting from STEWART LISA A, who purchase 2,500 shares at the price of $34.87 back on Mar 06 ’24. After this action, STEWART LISA A now owns 30,730 shares of Western Midstream Partners LP, valued at $87,175 using the latest closing price.
Ure Michael, the President & CEO of Western Midstream Partners LP, purchase 5,000 shares at $33.65 during a trade that took place back on Mar 01 ’24, which means that Ure Michael is holding 561,404 shares at $168,250 based on the most recent closing price.
Stock Fundamentals for WES
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.69 for the gross margin
The net margin for Western Midstream Partners LP stands at 0.33. The total capital return value is set at 0.12. Equity return is now at value 34.03, with 8.41 for asset returns.
Based on Western Midstream Partners LP (WES), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 2.72. The interest coverage ratio of the stock is 3.89.
Currently, EBITDA for the company is 1.89 billion with net debt to EBITDA at 3.84. When we switch over and look at the enterprise to sales, we see a ratio of 6.82. The receivables turnover for the company is 4.56for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In a nutshell, Western Midstream Partners LP (WES) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
