Western Midstream Partners LP (NYSE: WES) kicked off on Friday, up 2.73% from the previous trading day, before settling in for the closing price of $39.63. Over the past 52 weeks, WES has traded in a range of $26.81-$42.80.
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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. 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.
In an organization with 1377 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 Nov 27 ’24, was worth 662,527. 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) Latest Financial update
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 4.50. Likewise, its price to free cash flow for the trailing twelve months is 12.28.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.29 million. That was better than the volume of 1.25 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.26%. Additionally, its Average True Range was 1.04.
During the past 100 days, Western Midstream Partners LP’s (WES) raw stochastic average was set at 71.78%, which indicates a significant decrease from 90.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.95% in the past 14 days, which was lower than the 25.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.31, while its 200-day Moving Average is $37.48. However, in the short run, Western Midstream Partners LP’s stock first resistance to watch stands at $41.45. Second resistance stands at $42.20. The third major resistance level sits at $43.10. If the price goes on to break the first support level at $39.80, it is likely to go to the next support level at $38.90. The third support level lies at $38.15 if the price breaches the second support level.
Western Midstream Partners LP (NYSE: WES) Key Stats
The company with the Market Capitalisation of 15.91 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.
