Closing Bell Recap: Western Midstream Partners LP (WES) Ends at 37.81, Reflecting a 0.53 Upturn

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Western Midstream Partners LP (NYSE: WES) closed the day trading at $37.81 up 0.53% from the previous closing price of $37.61. In other words, the price has increased by $0.53 from its previous closing price. On the day, 0.93 million shares were traded. WES stock price reached its highest trading level at $38.17 during the session, while it also had its lowest trading level at $37.39.

Ratios:

For a better understanding of WES, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 2.18 whereas as Long-Term Debt/Eq ratio is at 2.17.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 14 ’24 when OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares for $35.75 per share. The transaction valued at 697,125,000 led to the insider holds 165,681,578 shares of the business.

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 May 15 ’24, another insider, Bourne Robert W., who serves as the SVP & Chief Commercial Officer of the company, bought 1,354 shares for $37.25 each. As a result, the insider paid 50,430 and bolstered with 130,625 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WES now has a Market Capitalization of 14386931712 and an Enterprise Value of 21341861888. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.75, and their Forward P/E ratio for the next fiscal year is 10.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.20 while its Price-to-Book (P/B) ratio in mrq is 4.38. Its current Enterprise Value per Revenue stands at 6.227 whereas that against EBITDA is 10.021.

Stock Price History:

Over the past 52 weeks, WES has reached a high of $42.80, while it has fallen to a 52-week low of $25.69. The 50-Day Moving Average of the stock is -4.86%, while the 200-Day Moving Average is calculated to be 11.39%.

Shares Statistics:

Over the past 3-months, WES traded about 1.34M shares per day on average, while over the past 10 days, WES traded about 2910900 shares per day. A total of 379.52M shares are outstanding, with a floating share count of 210.68M. Insiders hold about 44.63% of the company’s shares, while institutions hold 39.21% stake in the company. Shares short for WES as of 1722384000 were 7354309 with a Short Ratio of 5.48, compared to 1719532800 on 7117646. Therefore, it implies a Short% of Shares Outstanding of 7354309 and a Short% of Float of 3.88.

Dividends & Splits

WES’s forward annual dividend rate is 2.90, up from 2.9 a year ago. Against a Trailing Annual Dividend Yield of 0.077107154The stock’s 5-year Average Dividend Yield is 10.79.

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