The stock of Western Midstream Partners LP (WES) has gone up by 4.55% for the week, with a 2.83% rise in the past month and a 23.96% rise in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are 1.96% for WES. The simple moving average for the past 20 days is 1.07% for WES’s stock, with a 21.77% 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 13.69x. The 36-month beta value for WES is also noteworthy at 2.73. 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 at present, short sellers hold a 3.04% of that float. The average trading volume of WES on April 24, 2024 was 1.30M shares.
WES) stock’s latest price update
Western Midstream Partners LP (NYSE: WES) has seen a decline in its stock price by -0.31 in relation to its previous close of 35.71. However, the company has experienced a 4.55% gain 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.
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 5.47% 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 -3.23% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares surge +3.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.71% upper at present.
During the last 5 trading sessions, WES rose by +4.55%, which changed the moving average for the period of 200-days by +32.10% in comparison to the 20-day moving average, which settled at $35.28. In addition, Western Midstream Partners LP saw 21.67% 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 6.84. 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 summary, Western Midstream Partners LP (WES) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
