Western Midstream Partners LP (WES) Stock: Analyzing the Market Value

Western Midstream Partners LP (NYSE: WES) has a higher price-to-earnings ratio of 10.04x compared to its average ratio, and the 36-month beta value for WES is at 2.68. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”

The average price suggested by analysts for WES is $30.73, which is $4.15 above the current market price. The public float for WES is 383.89M, and currently, shorts hold a 1.37% of that float. The average trading volume for WES on August 31, 2023 was 905.98K shares.

WES) stock’s latest price update

Western Midstream Partners LP (NYSE: WES) has experienced a rise in its stock price by 1.32 compared to its previous closing price of 26.50. However, the company has seen a fall of -1.21% in its stock price over the last five trading days. Business Wire reported 2023-07-21 that HOUSTON–(BUSINESS WIRE)–Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that the board of directors of its general partner declared a quarterly cash distribution (“Base Distribution”) of $0.5625 per unit for the second quarter of 2023, or $2.25 on an annualized basis. This distribution represents a 12.5% increase over the prior quarter’s Base Distribution of $0.500 per unit. WES’s second-quarter 2023 Base Distribution is payable on August 14, 2023, to u.

WES’s Market Performance

Western Midstream Partners LP (WES) has experienced a -1.21% fall in stock performance for the past week, with a -4.72% drop in the past month, and a 6.38% rise in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.45% for WES. The simple moving average for the past 20 days is -1.91% for WES’s stock, with a 0.94% simple moving average for the past 200 days.

Analysts’ Opinion of WES

Many brokerage firms have already submitted their reports for WES stocks, with Wells Fargo repeating the rating for WES by listing it as a “Equal Weight.” The predicted price for WES in the upcoming period, according to Wells Fargo is $30 based on the research report published on August 11, 2023 of the current year 2023.

WES Trading at -1.53% from the 50-Day Moving Average

After a stumble in the market that brought WES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.77% of loss for the given period.

Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -3.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.

During the last 5 trading sessions, WES fell by -1.21%, which changed the moving average for the period of 200-days by -4.48% in comparison to the 20-day moving average, which settled at $27.32. In addition, Western Midstream Partners LP saw 1.33% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for WES

Current profitability levels for the company are sitting at:

• +40.63 for the present operating margin
• +49.02 for the gross margin

The net margin for Western Midstream Partners LP stands at +36.58. The total capital return value is set at 13.22, while invested capital returns managed to touch 12.54. Equity return is now at value 35.40, with 9.20 for asset returns.

Based on Western Midstream Partners LP (WES), the company’s capital structure generated 229.80 points at debt to equity in total, while total debt to capital is 69.68. Total debt to assets is 60.59, with long-term debt to equity ratio resting at 222.19. Finally, the long-term debt to capital ratio is 67.37.

When we switch over and look at the enterprise to sales, we see a ratio of 5.42, with the company’s debt to enterprise value settled at 0.39. The receivables turnover for the company is 6.15 and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.

Conclusion

In conclusion, Western Midstream Partners LP (WES) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.