Ready to Jump After Recent Trade: Western Midstream Partners LP (WES)

With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.37 million shares. The 52-week range on WES shows that it touched its highest point at $35.31 and its lowest point at $24.59 during that stretch. It currently has a 1-year price target of $33.63. With its current market cap of 13.37 billion, WES has annualized dividend of $2.21 while the current yield stands at 6.30%. Beta for the stock currently stands at 2.76.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WES was up-trending over the past week, with a rise of 0.69%, but this was up by 3.23% over a month. Three-month performance surged to 25.14% while six-month performance rose 33.46%. The stock gained 41.63% in the past year, while it has gained 20.10% so far this year. A look at the trailing 12-month EPS for WES yields 2.60 with Next year EPS estimates of 3.52. For the next quarter, that number is 0.81. This implies an EPS growth rate of 27.89% for this year and 5.90% for next year. EPS is expected to grow by 3.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.01%.

Float and Shares Shorts:

At present, 379.52 million WES shares are outstanding with a float of 192.53 million shares on hand for trading. On Feb 29, 2024, short shares totaled 5.74 million, which was 1.51% higher than short shares on Jan 31, 2024. In addition to WDC as the firm’s Western Digital Corporation, WPRT serves as its Westport Fuel Systems Inc.

Institutional Ownership:

Through their ownership of 91.72% of WES’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WES since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.