On Tuesday, Western Midstream Partners LP (NYSE: WES) opened higher 2.55% from the last session, before settling in for the closing price of $36.81. Price fluctuations for WES have ranged from $26.81 to $42.80 over the past 52 weeks.
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Energy Sector giant saw their annual sales surged by 6.75% over the last five years. Company’s average yearly earnings per share was noted 56.09% at the time writing. With a float of $210.68 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. In terms of profitability, gross margin is 58.54%, operating margin of 44.18%, and the pretax margin is 45.47%.
Western Midstream Partners LP (WES) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Oil & Gas Midstream industry is another important factor to consider. The insider ownership of Western Midstream Partners LP is 44.63%, while institutional ownership is 38.82%. The most recent insider transaction that took place on Aug 14 ’24, was worth 697,125,000. In this transaction 10% Owner of this company sold 19,500,000 shares at a rate of $35.75, taking the stock ownership to the 165,681,578 shares. Before that another transaction happened on Aug 14 ’24, when Company’s 10% Owner sold 19,500,000 for $35.75, making the entire transaction worth $697,125,000. This insider now owns 165,681,578 shares in total.
Western Midstream Partners LP (WES) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.7 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.63) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 56.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.42% 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
Check out the current performance indicators for Western Midstream Partners LP (WES). In the past quarter, the stock posted a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.19. Likewise, its price to free cash flow for the trailing twelve months is 12.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.88, a number that is poised to hit 0.83 in the next quarter and is forecasted to reach 3.70 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 1.15 million was lower than the volume posted last year of 1.21 million. As of the previous 9 days, the stock’s Stochastic %D was 22.02%. Additionally, its Average True Range was 0.72.
During the past 100 days, Western Midstream Partners LP’s (WES) raw stochastic average was set at 23.14%, which indicates a significant decrease from 39.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.84% in the past 14 days, which was lower than the 23.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.51, while its 200-day Moving Average is $36.69. Now, the first resistance to watch is $38.06. This is followed by the second major resistance level at $38.38. The third major resistance level sits at $39.00. If the price goes on to break the first support level at $37.12, it is likely to go to the next support level at $36.50. Now, if the price goes above the second support level, the third support stands at $36.18.
Western Midstream Partners LP (NYSE: WES) Key Stats
There are currently 380,506K shares outstanding in the company with a market cap of 14.36 billion. Presently, the company’s annual sales total 3,106 M according to its annual income of 1,022 M. Last quarter, the company’s sales amounted to 905,630 K and its income totaled 378,650 K.
