Western Midstream Partners LP [NYSE: WES] loss -1.31% or -0.16 points to close at $12.09 with a heavy trading volume of 3974833 shares. It opened the trading session at $12.00, the shares rose to $12.46 and dropped to $11.40, the range by which the price of stock traded the whole day. The daily chart for WES points out that the company has recorded -34.89% loss over the past six months. However, it is still -316.9% lower than its most recent low trading price.
If we look at the average trading volume of 5.09M shares, WES reached to a volume of 3974833 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Western Midstream Partners LP [WES]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WES shares is $9.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WES stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CapitalOne have made an estimate for Western Midstream Partners LP shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 29, 2020. The new note on the price target was released on May 04, 2020, representing the official price target for Western Midstream Partners LP stock. Previously, the target price had yet another drop from $8 to $6, while Wells Fargo kept a Underweight rating on WES stock. On March 16, 2020, analysts decreased their price target for WES shares from 21 to 8.
The Average True Range (ATR) for Western Midstream Partners LP is set at 0.79, with the Price to Sales ratio for WES stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 2.00, with the Price to Cash per share for the same quarter was set at 0.40.
Trading performance analysis for WES stock
Western Midstream Partners LP [WES] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.62. With this latest performance, WES shares gained by 77.79% in over the last four-week period, additionally sinking by -34.89% over the last 6 months – not to mention a drop of -59.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WES stock in for the last two-week period is set at 77.37, with the RSI for the last a single of trading hit 79.66, and the three-weeks RSI is set at 70.37 for Western Midstream Partners LP [WES]. The present Moving Average for the last 50 days of trading for this stock 7.39, while it was recorded at 11.55 for the last single week of trading, and 15.82 for the last 200 days.
Western Midstream Partners LP [WES]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Western Midstream Partners LP [WES] shares currently have an operating margin of +36.48 and a Gross Margin at +42.89. Western Midstream Partners LP’s Net Margin is presently recorded at +24.11.
Return on Total Capital for WES is now 10.21, given the latest momentum, and Return on Invested Capital for the company is 7.84. Return on Equity for this stock inclined to 31.94, with Return on Assets sitting at 6.14. When it comes to the capital structure of this company, Western Midstream Partners LP [WES] has a Total Debt to Total Equity ratio set at 249.22. Additionally, WES Total Debt to Total Capital is recorded at 71.36, with Total Debt to Total Assets ending up at 64.51. Long-Term Debt to Equity for the company is recorded at 248.91, with the Long-Term Debt to Total Capital now at 71.28.
Reflecting on the efficiency of the workforce at the company, Western Midstream Partners LP [WES] managed to generate an average of $676,532 per employee. Receivables Turnover for the company is 10.91 with a Total Asset Turnover recorded at a value of 0.25.Western Midstream Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.
Western Midstream Partners LP [WES]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Western Midstream Partners LP posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.54/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -31.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WES. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Western Midstream Partners LP go to -3.70%.
An analysis of insider ownership at Western Midstream Partners LP [WES]
There are presently around $2,019 million, or 39.60% of WES stock, in the hands of institutional investors. The top three institutional holders of WES stocks are: ALPS ADVISORS INC with ownership of 26,085,702, which is approximately 7.999% of the company’s market cap and around 0.20% of the total institutional ownership; NEUBERGER BERMAN GROUP LLC, holding 17,579,968 shares of the stock with an approximate value of $215.35 million in WES stocks shares; and INVESCO LTD., currently with $211.51 million in WES stock with ownership of nearly 31.602% of the company’s market capitalization.
Positions in Western Midstream Partners LP stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 88 institutional holders increased their position in Western Midstream Partners LP [NYSE:WES] by around 31,936,237 shares. Additionally, 117 investors decreased positions by around 50,327,857 shares, while 30 investors held positions by with 82,535,415 shares. The mentioned changes placed institutional holdings at 164,799,509 shares, according to the latest SEC report filing. WES stock had 32 new institutional investments in for a total of 3,682,559 shares, while 45 institutional investors sold positions of 8,987,229 shares during the same period.