Western Midstream Partners LP (NYSE: WES) on Tuesday, plunged -0.31% from the previous trading day, before settling in for the closing price of $35.71. Within the past 52 weeks, WES’s price has moved between $24.89 and $36.79.
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Energy Sector giant saw their annual sales surged by 6.75% over the last five years. The company achieved an average annual earnings per share of 24.92%. With a float of $192.53 million, this company’s outstanding shares have now reached $379.52 million.
The firm has a total of 1377 workers. Let’s measure their productivity.
Western Midstream Partners LP (WES) Breakdown of a Key Holders of the stock
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) Recent Fiscal highlights
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported 0.52 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.64) by -0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.92% 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 4.36. Likewise, its price to free cash flow for the trailing twelve months is 14.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.60, a number that is poised to hit 0.78 in the next quarter and is forecasted to reach 3.49 in one year’s time.
Technical Analysis of Western Midstream Partners LP (WES)
Analysing the last 5-days average volume posted by the [Western Midstream Partners LP, WES], we can find that recorded value of 1.02 million was lower than the volume posted last year of 1.26 million. As of the previous 9 days, the stock’s Stochastic %D was 80.00%. Additionally, its Average True Range was 0.74.
During the past 100 days, Western Midstream Partners LP’s (WES) raw stochastic average was set at 88.08%, which indicates a significant increase from 69.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.84% in the past 14 days, which was lower than the 27.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.90, while its 200-day Moving Average is $29.28. Now, the first resistance to watch is $35.91. This is followed by the second major resistance level at $36.22. The third major resistance level sits at $36.38. If the price goes on to break the first support level at $35.44, it is likely to go to the next support level at $35.28. Now, if the price goes above the second support level, the third support stands at $34.97.
Western Midstream Partners LP (NYSE: WES) Key Stats
Market capitalization of the company is 13.55 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.
