Investor’s Delight: Western Midstream Partners LP (WES) Closes Weak at 36.23, Down -0.60

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The closing price of Western Midstream Partners LP (NYSE: WES) was $36.23 for the day, down -0.60% from the previous closing price of $36.45. In other words, the price has decreased by -$0.60 from its previous closing price. On the day, 2.54 million shares were traded. WES stock price reached its highest trading level at $36.6 during the session, while it also had its lowest trading level at $35.76.

Ratios:

Our analysis of WES’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 2.28 whereas as Long-Term Debt/Eq ratio is at 2.25.

Citigroup Downgraded its Buy to Neutral on February 29, 2024, whereas the target price for the stock was revised from $30 to $34.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 06 ’24 when STEWART LISA A bought 2,500 shares for $34.87 per share. The transaction valued at 87,175 led to the insider holds 30,730 shares of the business.

Ure Michael bought 5,000 shares of WES for $168,250 on Mar 01 ’24. The President & CEO now owns 561,404 shares after completing the transaction at $33.65 per share. On Feb 28 ’24, another insider, Brown Oscar K, who serves as the Director of the company, bought 3,500 shares for $33.35 each. As a result, the insider paid 116,736 and bolstered with 34,791 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 13785189376. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.21, and their Forward P/E ratio for the next fiscal year is 10.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.23 while its Price-to-Book (P/B) ratio in mrq is 4.26.

Stock Price History:

Over the past 52 weeks, WES has reached a high of $36.79, while it has fallen to a 52-week low of $25.04. The 50-Day Moving Average of the stock is 3.58%, while the 200-Day Moving Average is calculated to be 21.75%.

Shares Statistics:

WES traded an average of 1.34M shares per day over the past three months and 1518360 shares per day over the past ten days. A total of 379.52M shares are outstanding, with a floating share count of 192.53M. Insiders hold about 49.40% of the company’s shares, while institutions hold 41.52% stake in the company. Shares short for WES as of 1714435200 were 6953394 with a Short Ratio of 5.18, compared to 1711584000 on 5852614. Therefore, it implies a Short% of Shares Outstanding of 6953394 and a Short% of Float of 3.6700000000000004.

Dividends & Splits

With its trailing 12-month dividend rate of 1.713, WES has a forward annual dividend rate of 2.59. Against a Trailing Annual Dividend Yield of 0.046995886The stock’s 5-year Average Dividend Yield is 10.88.

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