Western Midstream Partners LP (NYSE: WES) kicked off on Tuesday, up 1.10% from the previous trading day, before settling in for the closing price of $38.32. Over the past 52 weeks, WES has traded in a range of $26.81-$42.80.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Energy sector saw sales topped by 6.75%. While this was happening, its average annual earnings per share was recorded 52.12%. With a float of $210.14 million, this company’s outstanding shares have now reached $379.52 million.
The extent of productivity of a business whose workforce counts for 1377 workers is very important to gauge. In terms of profitability, gross margin is 57.28%, operating margin of 43.84%, and the pretax margin is 44.82%.
Western Midstream Partners LP (WES) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Midstream Industry. The insider ownership of Western Midstream Partners LP is 44.78%, while institutional ownership is 40.40%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.76 earnings per share (EPS), lower than consensus estimate (set at 0.8) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.05% 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
Take a look at Western Midstream Partners LP’s (WES) current performance indicators. Last quarter, stock had a quick ratio of 1.11. 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 11.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.91, a number that is poised to hit 0.87 in the next quarter and is forecasted to reach 3.57 in one year’s time.
Technical Analysis of Western Midstream Partners LP (WES)
The latest stats from [Western Midstream Partners LP, WES] show that its last 5-days average volume of 1.18 million was inferior to 1.24 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 81.70%. Additionally, its Average True Range was 0.96.
During the past 100 days, Western Midstream Partners LP’s (WES) raw stochastic average was set at 45.17%, which indicates a significant decrease from 87.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.40% in the past 14 days, which was higher than the 25.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.28, while its 200-day Moving Average is $37.36. Now, the first resistance to watch is $39.09. This is followed by the second major resistance level at $39.44. The third major resistance level sits at $39.77. If the price goes on to break the first support level at $38.40, it is likely to go to the next support level at $38.07. Assuming the price breaks the second support level, the third support level stands at $37.72.
Western Midstream Partners LP (NYSE: WES) Key Stats
The company with the Market Capitalisation of 14.74 billion has total of 380,555K Shares Outstanding. Its annual sales at the moment are 3,106 M in contrast with the sum of 1,022 M annual income. Company’s last quarter sales were recorded 883,360 K and last quarter income was 288,480 K.
