Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Western Midstream Partners LP (NYSE: WES) closed at $36.51 up 4.34% from its previous closing price of $34.99. In other words, the price has increased by $4.34 from its previous closing price. On the day, 2.3 million shares were traded. WES stock price reached its highest trading level at $36.91 during the session, while it also had its lowest trading level at $33.6.
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 12.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.44. 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:
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:
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 13922028544 and an Enterprise Value of 21309163520. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.08, and their Forward P/E ratio for the next fiscal year is 9.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.86 while its Price-to-Book (P/B) ratio in mrq is 4.29. Its current Enterprise Value per Revenue stands at 5.911 whereas that against EBITDA is 9.523.
Stock Price History:
The Beta on a monthly basis for WES is 1.14, which has changed by 0.032230735 over the last 52 weeks, in comparison to a change of 0.049593568 over the same period for the S&P500. Over the past 52 weeks, WES has reached a high of $43.33, while it has fallen to a 52-week low of $33.64. The 50-Day Moving Average of the stock is -9.45%, while the 200-Day Moving Average is calculated to be -7.57%.
Shares Statistics:
For the past three months, WES has traded an average of 1.35M shares per day and 1345000 over the past ten days. 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 40.38% stake in the company. Shares short for WES as of 1741910400 were 4479163 with a Short Ratio of 3.33, compared to 1739491200 on 6342765. Therefore, it implies a Short% of Shares Outstanding of 4479163 and a Short% of Float of 2.35.
Dividends & Splits
According to the company, the forward annual dividend rate for WES is 3.50, from 3.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.100028574The stock’s 5-year Average Dividend Yield is 9.06.
