Western Midstream Partners LP [NYSE: WES] traded at a high on Wednesday, posting a 0.59 gain after which it closed the day’ session at $41.00.
The results of the trading session contributed to over 329263 shares changing hands. Over the past one week, the price volatility of Western Midstream Partners LP stands at 1.69% while the volatility over the past one month is 2.10%.
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The market cap for WES stock reached $15.60 billion, with 379.52 million shares outstanding and 191.65 million shares in the current float. Compared to the average trading volume of 1.11M shares, WES reached a trading volume of 329263 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $36.98 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 2.62. 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.
Wolfe Research have made an estimate for Western Midstream Partners LP shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on April 18, 2024. The new note on the price target was released on March 19, 2024, representing the official price target for Western Midstream Partners LP stock. Previously, the target price had yet another raise from $30 to $34, while Citigroup kept a Neutral rating on WES stock. On December 13, 2023, analysts decreased their price target for WES shares from 30 to 27.
The Average True Range (ATR) for Western Midstream Partners LP is set at 0.83, with the Price to Sales ratio for WES stock in the period of the last 12 months amounting to 4.78. The Price to Book ratio for the last quarter was 4.82, with the Price to Cash per share for the same quarter was set at 0.78. Price to Free Cash Flow for WES in the course of the last twelve months was 14.88 with Quick ratio for the last quarter at 1.50.
How has WES stock performed recently?
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 4.06. With this latest performance, WES shares gained by 11.93% in over the last four-week period, additionally plugging by 42.46% over the last 6 months – not to mention a rise of 52.70% 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 71.58, with the RSI for the last a single of trading hit 79.01, and the three-weeks RSI is set at 68.67 for Western Midstream Partners LP [WES]. The present Moving Average for the last 50 days of trading for this stock 37.53, while it was recorded at 40.35 for the last single week of trading, and 31.81 for the last 200 days.
Western Midstream Partners LP [WES]: Deeper insight into the fundamentals
Western Midstream Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.51.
Earnings analysis for Western Midstream Partners LP [WES]
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 13.60%.
Insider trade positions for Western Midstream Partners LP [WES]
The top three institutional holders of WES stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in WES stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in WES stock with ownership which is approximately 5.1238%.
