In last trading session, Western Midstream Partners, LP (NYSE:WES) saw 2,037,892 shares changing hands with its beta currently measuring 3.73. Company’s recent per share price level of $13.6 trading at $0.54 or 4.13% at ring of the bell on the day assigns it a market valuation of $5.66 Billion. That closing price of WES’s stock is at a discount of -62.57% from its 52-week high price of $22.11 and is indicating a premium of 78.68% 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 2.85 Million shares which gives us an average trading volume of 1.64 Million if we extend that period to 3-months.
For Western Midstream Partners, LP (WES), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.7. Splitting up the data highlights that, out of 15 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 6 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.51 in the current quarter.
Western Midstream Partners, LP (NYSE:WES) trade information
Upright in the green today for gaining 4.13%, in the last five days WES remained trading in the green while hitting it’s week-highest on Wednesday, Nov 18 when the stock touched $13.86- price level, adding 1.88% to its value on the day. Western Midstream Partners, LP’s shares saw a change of -30.93% in year-to-date performance and have moved 28.54% in past 5-day. Western Midstream Partners, LP (NYSE:WES) showed a performance of 61.52% in past 30-days. Number of shares sold short was 3.72 Million shares which calculate 2.27 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $13.73 to the stock, which implies a rise of 0.96% to its current value. Analysts have been projecting $5 as a low price target for the stock while placing it at a high target of $19. It follows that stock’s current price would jump +39.71% in reaching the projected high whereas dropping to the targeted low would mean a loss of -63.24% 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 added +51.45% of value to its shares in past 6 months, showing an annual growth rate of -31.45% while that of industry is 19.3. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -17.7% in the current quarter and calculating 189.5% increase in the next quarter. This year revenue growth is estimated to rise 3.5% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $687.45 Million for the same. And 4 analysts are in estimates of company making revenue of $665.34 Million in the next quarter that will end in March 01, 2021. Company posted $723.21 Million and $774.31 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -4.9% while estimating it to be -14.1% 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 November 09 and November 09, 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 9.8%, 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 9.48%.
Western Midstream Partners, LP (NYSE:WES)’s Major holders
Insiders are in possession of 51.73% of company’s total shares while institution are holding 36.34% percent of that, with stock having share float percentage of 75.29%. Investors also watch the number of corporate investors in a company very closely, which is 200 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 24.19 Million shares of worth $193.51 Million. And as of September 29, 2020, it was holding 5.81% of the company’s outstanding shares.
The second largest institutional holder is Invesco Ltd., which was holding about 22.13 Million shares on September 29, 2020. The number of shares represents firm’s hold over 5.32% of outstanding shares, having a total worth of $177Million.
On the other hand, Alps ETF Tr-Alerian MLP ETF and Invesco Oppenheimer Steelpath MLP Income are the top two Mutual Funds which own company’s shares. As of August 30, 2020, the former fund manager was holding 23428188 shares of worth $212.49 Million or 5.63% of the total outstanding shares. The later fund manager was in possession of 14.31 Million shares on August 30, 2020, making its stake of worth around $129.75 Million in the company or a holder of 3.44% of company’s stock.