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Western Midstream Partners LP (NYSE: WES) closed the day trading at $37.30 down -3.19% from the previous closing price of $38.53. In other words, the price has decreased by -$3.19 from its previous closing price. On the day, 3.38 million shares were traded. WES stock price reached its highest trading level at $37.8102 during the session, while it also had its lowest trading level at $36.5.
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 12.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 2.45 whereas as Long-Term Debt/Eq ratio is at 2.14.
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 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 14192872448. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.54, and their Forward P/E ratio for the next fiscal year is 10.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.02 while its Price-to-Book (P/B) ratio in mrq is 4.39.
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 $26.81. The 50-Day Moving Average of the stock is -3.17%, while the 200-Day Moving Average is calculated to be 1.40%.
Shares Statistics:
Over the past 3-months, WES traded about 1.27M shares per day on average, while over the past 10 days, WES traded about 1240020 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 38.97% stake in the company. Shares short for WES as of 1728950400 were 4050688 with a Short Ratio of 3.18, compared to 1726185600 on 3890356. Therefore, it implies a Short% of Shares Outstanding of 4050688 and a Short% of Float of 2.1399999999999997.
Dividends & Splits
WES’s forward annual dividend rate is 3.20, up from 0.575 a year ago. Against a Trailing Annual Dividend Yield of 0.014923437The stock’s 5-year Average Dividend Yield is 10.64.
