Western Midstream Partners LP (NYSE: WES) on Tuesday, plunged -0.55% from the previous trading day, before settling in for the closing price of $34.24. Within the past 52 weeks, WES’s price has moved between $24.89 and $36.79.
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A company in the Energy sector has jumped its sales by 6.75% annually for the last half of the decade. The company achieved an average annual earnings per share of 27.56%. With a float of $192.53 million, this company’s outstanding shares have now reached $379.52 million.
In an organization with 1377 employees, it is important to assess its efficiency.
Western Midstream Partners LP (WES) Insider Updates
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Western Midstream Partners LP is 49.40%, while institutional ownership is 42.32%. The most recent insider transaction that took place on Mar 06 ’24, was worth 87,175. In this transaction Director of this company bought 2,500 shares at a rate of $34.87, taking the stock ownership to the 30,730 shares. Before that another transaction happened on Mar 01 ’24, when Company’s President & CEO bought 5,000 for $33.65, making the entire transaction worth $168,250. This insider now owns 561,404 shares in total.
Western Midstream Partners LP (WES) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 27.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.80% during the next five years compared to 9.01% growth over the previous five years of trading.
Western Midstream Partners LP (NYSE: WES) Trading Performance Indicators
Western Midstream Partners LP (WES) is currently performing well based on its current performance indicators. A quick ratio of 0.76 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.17. Likewise, its price to free cash flow for the trailing twelve months is 13.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.60, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.51 in one year’s time.
Technical Analysis of Western Midstream Partners LP (WES)
Let’s dig in a bit further. During the last 5-days, its volume was 0.99 million. That was inferior than the volume of 1.28 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.54%. Additionally, its Average True Range was 0.73.
During the past 100 days, Western Midstream Partners LP’s (WES) raw stochastic average was set at 72.55%, which indicates a significant increase from 13.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.98% in the past 14 days, which was lower than the 27.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.19, while its 200-day Moving Average is $29.07. However, in the short run, Western Midstream Partners LP’s stock first resistance to watch stands at $34.33. Second resistance stands at $34.60. The third major resistance level sits at $34.95. If the price goes on to break the first support level at $33.71, it is likely to go to the next support level at $33.36. Assuming the price breaks the second support level, the third support level stands at $33.09.
Western Midstream Partners LP (NYSE: WES) Key Stats
Market capitalization of the company is 12.96 billion based on 380,484K outstanding shares. Right now, sales total 3,106 M and income totals 1,022 M. The company made 858,210 K in profit during its latest quarter, and 288,350 K in sales during its previous quarter.
