In last trading session, Western Midstream Partners, LP (NYSE:WES) saw 1,774,276 shares changing hands with its beta currently measuring 3.83. Company’s recent per share price level of $10.93 trading at $0.1 or 1.39% at ring of the bell on the day assigns it a market valuation of $4.85 Billion. That closing price of WES’s stock is at a discount of -192.68% from its 52-week high price of $31.99 and is indicating a premium of 73.47% from its 52-week low price of $2.9. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.4 Million shares which gives us an average trading volume of 4.45 Million if we extend that period to 3-months.
For Western Midstream Partners, LP (WES), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.6. Splitting up the data highlights that, out of 14 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 4 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.49 in the current quarter.
Western Midstream Partners, LP (NYSE:WES) trade information
Upright in the green today for gaining 1.39%, in the last five days WES remained trading in the green while hitting it’s week-highest on Friday, Jun 19 when the stock touched $12.67- price level, adding 13.73% to its value on the day. Western Midstream Partners, LP’s shares saw a change of -44.49% in year-to-date performance and have moved -8.46% in past 5-day. Western Midstream Partners, LP (NYSE:WES) showed a performance of 21.71% in past 30-days. Number of shares sold short was 10.02 Million shares which calculate 2.25 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $10 to the stock, which implies targetted prices is already lagging behind -8.51% to its current value. Analysts have been projecting $7 as a low price target for the stock while placing it at a high target of $17. It follows that stock’s current price would jump +55.54% in reaching the projected high whereas dropping to the targeted low would mean a loss of -35.96% for stock’s current value.
Western Midstream Partners, LP (WES) estimates and forecasts
Statistics highlight that Western Midstream Partners, LP is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -46.81% of value to its shares in past 6 months, showing an annual growth rate of -46.54% while that of industry is -13. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 32.4% in the current quarter and calculating 55.6% increase in the next quarter. This year revenue growth is estimated to rise 0.6% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $709.79 Million for the same. And 4 analysts are in estimates of company making revenue of $669.85 Million in the next quarter that will end in September 01, 2020. Company posted $709.84 Million and $666.03 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by 0% while estimating it to be 0.6% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.4% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -5.6% while estimates for its earnings growth in next 5 years are of -3.7%
Western Midstream Partners, LP is more likely to be releasing its next quarterly report between July 28 and August 03, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 11.54%, the share has a forward dividend of 1.24 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 7.95%.
Western Midstream Partners, LP (NYSE:WES)’s Major holders
Insiders are in possession of 54.76% of company’s total shares while institution are holding 40.33% percent of that, with stock having share float percentage of 89.15%. Investors also watch the number of corporate investors in a company very closely, which is 230 institutions for Western Midstream Partners, LP that are currently holding shares of the company. Alps Advisors Inc. is the top institutional holder at WES for having 26.09 Million shares of worth $84.52 Million. And as of March 30, 2020, it was holding 5.88% of the company’s outstanding shares.
The second largest institutional holder is Neuberger Berman Group, LLC, which was holding about 17.58 Million shares on March 30, 2020. The number of shares represents firm’s hold over 3.96% of outstanding shares, having a total worth of $56.96 Million.
On the other hand, Alps ETF Tr-Alerian MLP ETF and Invesco Oppenheimer Steelpath MLP Select 40 are the top two Mutual Funds which own company’s shares. As of February 28, 2020, the former fund manager was holding 23221310 shares of worth $303.27 Million or 5.23% of the total outstanding shares. The later fund manager was in possession of 7.73 Million shares on February 28, 2020, making its stake of worth around $100.89 Million in the company or a holder of 1.74% of company’s stock.