Western Midstream Partners LP (NYSE: WES) has a price-to-earnings ratio of 13.33x that is above its average ratio. Additionally, the 36-month beta value for WES is 2.75. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for WES is 192.53M and currently, short sellers hold a 3.04% ratio of that float. The average trading volume of WES on April 19, 2024 was 1.31M shares.
WES) stock’s latest price update
Western Midstream Partners LP (NYSE: WES)’s stock price has plunge by 0.64relation to previous closing price of 34.43. Nevertheless, the company has seen a -2.04% plunge in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-18 that HOUSTON, April 18, 2024 /PRNewswire/ — Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that the board of directors of its general partner declared a quarterly cash distribution (“Base Distribution”) of $0.8750 per unit for the first quarter of 2024, or $3.50 on an annualized basis, which is 52-percent higher than the prior quarter’s distribution and in-line with WES’s previously announced expectations. WES’s first-quarter 2024 Base Distribution is payable on May 15, 2024, to unitholders of record at the close of business on May 1, 2024.
WES’s Market Performance
WES’s stock has fallen by -2.04% in the past week, with a monthly drop of -0.43% and a quarterly rise of 25.00%. The volatility ratio for the week is 2.17% while the volatility levels for the last 30 days are 1.87% for Western Midstream Partners LP The simple moving average for the last 20 days is -1.45% for WES stock, with a simple moving average of 19.04% for the last 200 days.
Analysts’ Opinion of WES
Citigroup gave a rating of “Neutral” to WES, setting the target price at $34 in the report published on February 29th of the current year.
WES Trading at 4.00% 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 -5.82% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -0.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.10% upper at present.
During the last 5 trading sessions, WES fell by -2.04%, which changed the moving average for the period of 200-days by +29.05% in comparison to the 20-day moving average, which settled at $35.15. In addition, Western Midstream Partners LP saw 18.42% 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 6.72. 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 conclusion, Western Midstream Partners LP (WES) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
