In the past week, WES stock has gone down by -1.73%, with a monthly gain of 3.71% and a quarterly surge of 14.63%. The volatility ratio for the week is 2.62%, and the volatility levels for the last 30 days are 1.93% for Western Midstream Partners LP The simple moving average for the last 20 days is -0.65% for WES stock, with a simple moving average of 24.52% 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 11.50x, which is above its average ratio. Moreover, the 36-month beta value for WES is 2.84. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for WES is 191.65M and currently, short sellers hold a 3.71% of that float. On July 25, 2024, WES’s average trading volume was 1.09M shares.
WES) stock’s latest price update
The stock price of Western Midstream Partners LP (NYSE: WES) has plunged by -3.00 when compared to previous closing price of 42.07, but the company has seen a -1.73% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Analysts’ Opinion of WES
Many brokerage firms have already submitted their reports for WES stocks, with Stifel repeating the rating for WES by listing it as a “Hold.” The predicted price for WES in the upcoming period, according to Stifel is $39 based on the research report published on July 10, 2024 of the current year 2024.
WES Trading at 4.34% 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 -4.65% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares surge +2.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.64% upper at present.
During the last 5 trading sessions, WES fell by -1.73%, which changed the moving average for the period of 200-days by +52.22% in comparison to the 20-day moving average, which settled at $41.13. In addition, Western Midstream Partners LP saw 39.47% 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 Bourne Robert W., who purchase 1,354 shares at the price of $37.25 back on May 15 ’24. After this action, Bourne Robert W. now owns 130,625 shares of Western Midstream Partners LP, valued at $50,430 using the latest closing price.
STEWART LISA A, the Director of Western Midstream Partners LP, purchase 2,500 shares at $34.87 during a trade that took place back on Mar 06 ’24, which means that STEWART LISA A is holding 30,730 shares at $87,175 based on the most recent closing price.
Stock Fundamentals for WES
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.64 for the gross margin
The net margin for Western Midstream Partners LP stands at 0.43. The total capital return value is set at 0.13. Equity return is now at value 43.81, with 11.63 for asset returns.
Based on Western Midstream Partners LP (WES), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 2.27. The interest coverage ratio of the stock is 4.11.
Currently, EBITDA for the company is 1.89 billion with net debt to EBITDA at 3.41. When we switch over and look at the enterprise to sales, we see a ratio of 6.94. The receivables turnover for the company is 4.42for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
To wrap up, the performance of Western Midstream Partners LP (WES) has been better in recent times. The stock has received a bullish of “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.
