Western Midstream Partners LP [NYSE: WES] closed the trading session at $39.51.
The stocks have a year to date performance of 35.03 percent and weekly performance of -0.08 percent. The stock has been moved at 41.11 percent over the last six months. The stock has performed -3.99 percent around the most recent 30 days and changed 11.30 percent over the most recent 3-months.
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If compared to the average trading volume of 1.12M shares, WES reached to a volume of 3813869 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $39.13 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 2.75. 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.
Stifel have made an estimate for Western Midstream Partners LP shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 10, 2024. The new note on the price target was released on April 18, 2024, representing the official price target for Western Midstream Partners LP stock. On February 29, 2024, analysts increased their price target for WES shares from 30 to 34.
The Average True Range (ATR) for Western Midstream Partners LP is set at 1.21, with the Price to Sales ratio for WES stock in the period of the last 12 months amounting to 4.39. The Price to Book ratio for the last quarter was 4.58, with the Price to Cash per share for the same quarter was set at 0.90. Price to Free Cash Flow for WES in the course of the last twelve months was 13.27 with Quick ratio for the last quarter at 1.68.
WES stock trade performance evaluation
Western Midstream Partners LP [WES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.08. With this latest performance, WES shares dropped by -3.99% in over the last four-week period, additionally plugging by 41.11% over the last 6 months – not to mention a rise of 41.21% 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 47.04, with the RSI for the last a single of trading hit 46.26, and the three-weeks RSI is set at 48.92 for Western Midstream Partners LP [WES]. The present Moving Average for the last 50 days of trading for this stock 39.59, while it was recorded at 38.79 for the last single week of trading, and 33.51 for the last 200 days.
Western Midstream Partners LP [WES]: An insightful look at the core fundamentals
Western Midstream Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.68 and a Current Ratio set at 1.68.
Earnings per share (EPS) analysis for Western Midstream Partners LP [WES] stock
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 11.40%.
Western Midstream Partners LP [WES]: Institutional Ownership
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%.
