Western Midstream Partners LP (NYSE:WES) shares, rose in value on Friday, January 24, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $42.35.
Actively observing the price movement in the last trading, the stock closed the session at $42.43, falling within a range of $42.25 and $43.04. The value of beta (5-year monthly) was 2.818 whereas the PE ratio was 10.83 over 12-month period. Referring to stock’s 52-week performance, its high was $43.33, and the low was $27.84. On the whole, WES has fluctuated by 10.40% over the past month.
With the market capitalization of Western Midstream Partners LP currently standing at about $16.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 3.20, with its dividend yield at 7.56%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.64B, with a low estimate of 917M and a high estimate of 983.34M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 934.28M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WES’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.82, with the price of WES currently trading nearly 5.03% and 7.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.05, while the 7-day volatility ratio is showing 2.68% which for the 30-day chart, stands at 2.39%. Furthermore, Western Midstream Partners LP (WES)’s beta value is 2.81, and its average true range (ATR) is 1.05.
A comparison of Western Midstream Partners LP (WES) with its peers suggests the former has fared considerably weaker in the market. WES showed an intraday change of -0.19% in last session, and over the past year, it grew by 47.46%%.
Data on historical trading for Western Midstream Partners LP (NYSE:WES) indicates that the trading volumes over the past 10 days have averaged 1.14 and over the past 3 months, they’ve averaged 1.30 million. According to company’s latest data on outstanding shares, there are 380.56 million shares outstanding.
Nearly 44.77% of Western Midstream Partners LP’s shares belong to company insiders and institutional investors own 40.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.21 million shares as on 2024-12-31, resulting in a short ratio of 4.64. According to the data, the short interest in Western Midstream Partners LP (WES) stood at 275.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 6.18 million. The stock has risen by 10.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WES stock heading into the next quarter.
