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In the latest session, Western Midstream Partners LP (NYSE: WES) closed at $37.31 down -2.74% from its previous closing price of $38.36. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 1.69 million shares were traded.
Ratios:
For a deeper understanding of Western Midstream Partners LP’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.43. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 2.30 whereas as Long-Term Debt/Eq ratio is at 2.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on October 25, 2024, Downgraded its rating to Underweight and sets its target price to $40 from $42 previously.
Morgan Stanley Downgraded its Overweight to Equal-Weight on September 16, 2024, while the target price for the stock was maintained at $42.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 27 ’24 when Ure Michael bought 16,558 shares for $40.01 per share.
OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares of WES for $697,125,000 on Aug 14 ’24. The 10% Owner now owns 165,681,578 shares after completing the transaction at $35.75 per share. On Aug 14 ’24, another insider, OCCIDENTAL PETROLEUM CORP /DE/, who serves as the 10% Owner of the company, sold 19,500,000 shares for $35.75 each. As a result, the insider received 697,125,000 and left with 165,681,578 shares of the company.
Valuation Measures:
As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.16, and their Forward P/E ratio for the next fiscal year is 10.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.91 while its Price-to-Book (P/B) ratio in mrq is 4.46.
Stock Price History:
Over the past 52 weeks, WES has reached a high of $43.33, while it has fallen to a 52-week low of $33.60. The 50-Day Moving Average of the stock is -3.33%, while the 200-Day Moving Average is calculated to be -4.51%.
Shares Statistics:
A total of 381.33M shares are outstanding, with a floating share count of 211.87M. Insiders hold about 44.44% of the company’s shares, while institutions hold 39.22% stake in the company.
Earnings Estimates
The current rating of Western Midstream Partners LP (WES) is the result of assessments by 4.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.87, with high estimates of $0.92 and low estimates of $0.83.
Analysts are recommending an EPS of between $3.63 and $3.38 for the fiscal current year, implying an average EPS of $3.47. EPS for the following year is $3.82, with 4.0 analysts recommending between $4.02 and $3.66.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $954.17M this quarter.It ranges from a high estimate of $1.01B to a low estimate of $909M. As of the current estimate, Western Midstream Partners LP’s year-ago sales were $905.63MFor the next quarter, 3 analysts are estimating revenue of $961.53M. There is a high estimate of $1B for the next quarter, whereas the lowest estimate is $915M.
A total of 5 analysts have provided revenue estimates for WES’s current fiscal year. The highest revenue estimate was $3.99B, while the lowest revenue estimate was $3.54B, resulting in an average revenue estimate of $3.76B. In the same quarter a year ago, actual revenue was $3.61BBased on 5 analysts’ estimates, the company’s revenue will be $3.91B in the next fiscal year. The high estimate is $4.2B and the low estimate is $3.6B.
