Market Insight: Western Midstream Partners LP (WES)’s Notable Gain, Closing at 41.77

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In the latest session, Western Midstream Partners LP (NYSE: WES) closed at $41.77 up 0.05% from its previous closing price of $41.75. In other words, the price has increased by $0.05 from its previous closing price. On the day, 1.08 million shares were traded. WES stock price reached its highest trading level at $42.39 during the session, while it also had its lowest trading level at $41.75.

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 53.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.16. 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.

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 May 15 ’24 when Bourne Robert W. bought 1,354 shares for $37.25 per share. The transaction valued at 50,430 led to the insider holds 130,625 shares of the business.

STEWART LISA A bought 2,500 shares of WES for $87,175 on Mar 06 ’24. The Director now owns 30,730 shares after completing the transaction at $34.87 per share. On Mar 01 ’24, another insider, Ure Michael, who serves as the President & CEO of the company, bought 5,000 shares for $33.65 each. As a result, the insider paid 168,250 and bolstered with 561,404 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 15893109760 and an Enterprise Value of 23129063424. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.77, and their Forward P/E ratio for the next fiscal year is 11.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.87 while its Price-to-Book (P/B) ratio in mrq is 4.91. Its current Enterprise Value per Revenue stands at 7.094 whereas that against EBITDA is 11.451.

Stock Price History:

The Beta on a monthly basis for WES is 2.83, which has changed by 0.5205679 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, WES has reached a high of $42.00, while it has fallen to a 52-week low of $25.69. The 50-Day Moving Average of the stock is 8.94%, while the 200-Day Moving Average is calculated to be 29.24%.

Shares Statistics:

For the past three months, WES has traded an average of 1.10M shares per day and 856260 over the past ten days. A total of 379.52M shares are outstanding, with a floating share count of 191.65M. Insiders hold about 49.63% of the company’s shares, while institutions hold 40.14% stake in the company. Shares short for WES as of 1719532800 were 7117646 with a Short Ratio of 6.44, compared to 1717113600 on 8125266. Therefore, it implies a Short% of Shares Outstanding of 7117646 and a Short% of Float of 3.75.

Dividends & Splits

According to the company, the forward annual dividend rate for WES is 2.59, from 2.588 in the trailing year. Against a Trailing Annual Dividend Yield of 0.061988026The stock’s 5-year Average Dividend Yield is 10.84.

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