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After finishing at $36.33 in the prior trading day, Western Midstream Partners LP (NYSE: WES) closed at $35.87, down -1.27%. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 1.34 million shares were traded.
Ratios:
Our goal is to gain a better understanding of WES by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 2.52 whereas as Long-Term Debt/Eq ratio is at 2.19.
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:
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 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 8.92, and their Forward P/E ratio for the next fiscal year is 9.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 127.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.79 while its Price-to-Book (P/B) ratio in mrq is 4.22.
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 -8.44%, while the 200-Day Moving Average is calculated to be -8.59%.
Shares Statistics:
A total of 380.56M shares are outstanding, with a floating share count of 211.51M. Insiders hold about 44.53% of the company’s shares, while institutions hold 41.03% stake in the company.
