In the latest session, Western Midstream Partners LP (NYSE: WES) closed at $33.53 down -1.35% from its previous closing price of $33.99. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 1217958 shares were traded.
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 46.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.22. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.76. In the meantime, Its Debt-to-Equity ratio is 2.75 whereas as Long-Term Debt/Eq ratio is at 2.53.
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, Citigroup on February 29, 2024, Downgraded its rating to Neutral and sets its target price to $34 from $30 previously.
On December 13, 2023, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $30 to $27.
Wells Fargo Downgraded its Overweight to Equal Weight on August 11, 2023, whereas the target price for the stock was revised from $31 to $30.
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 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 12.76B and an Enterprise Value of 20.39B. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.90, and their Forward P/E ratio for the next fiscal year is 9.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.11 while its Price-to-Book (P/B) ratio in mrq is 4.39. Its current Enterprise Value per Revenue stands at 6.56 whereas that against EBITDA is 10.25.
Stock Price History:
Over the past 52 weeks, WES has reached a high of $35.04, while it has fallen to a 52-week low of $23.48. The 50-Day Moving Average of the stock is 30.33, while the 200-Day Moving Average is calculated to be 28.10.
Shares Statistics:
For the past three months, WES has traded an average of 1.46M shares per day and 1.01M over the past ten days. A total of 379.52M shares are outstanding, with a floating share count of 192.46M. Insiders hold about 49.42% of the company’s shares, while institutions hold 42.49% stake in the company. Shares short for WES as of Feb 29, 2024 were 5.74M with a Short Ratio of 3.93, compared to 7.35M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.51% and a Short% of Float of 3.03%.
Dividends & Splits
According to the company, the forward annual dividend rate for WES is 2.21, from 2.21 in the trailing year. Against a Trailing Annual Dividend Yield of 6.51%, it implies a Forward Annual Dividend Yield of 6.86%. The stock’s 5-year Average Dividend Yield is 10.88. The current Payout Ratio is 82.29% for WES, which recently paid a dividend on Feb 13, 2024 with an ex-dividend date of Jan 31, 2024. Stock splits for the company last occurred on Nov 26, 2014 when the company split stock in a 10:9 ratio.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.82 for the current quarter, with a high estimate of $1.18 and a low estimate of $0.7, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.88, with high estimates of $1.19 and low estimates of $0.72.
Analysts are recommending an EPS of between $3.96 and $3 for the fiscal current year, implying an average EPS of $3.37. EPS for the following year is $3.53, with 9 analysts recommending between $3.98 and $3.28.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $891.1M this quarter.It ranges from a high estimate of $996.46M to a low estimate of $824M. As of the current estimate, Western Midstream Partners LP’s year-ago sales were $733.98M, an estimated increase of 21.40% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for WES’s current fiscal year. The highest revenue estimate was $3.94B, while the lowest revenue estimate was $3.3B, resulting in an average revenue estimate of $3.55B. In the same quarter a year ago, actual revenue was $3.11B, up 14.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.67B in the next fiscal year. The high estimate is $4B and the low estimate is $3.39B. The average revenue growth estimate for next year is up 3.50% from the average revenue estimate for this year.
