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Saturday, June 3, 2023

Is Western Midstream Partners LP (NYSE: WES) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Western Midstream Partners LP (WES) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.24, or -0.92%, to $25.81. The Western Midstream Partners LP has recorded 11,810 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Western Midstream Announces First-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and Participation in Upcoming Investor Conferences.

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Stocks Info

WES belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $26.05 and fluctuated between $26.39 as its day high and $25.38 as its day low. The current market capitalization of Western Midstream Partners LP is $10.04B. A total of 1.6 million shares were traded on the day, compared to an average of 984.02K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WES has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 45 BUYs and 43 SELLs from insiders. Insiders purchased 485,386 shares during that period but sold 20,193,426.

In the most recent transaction, OCCIDENTAL PETROLEUM CORP /DE/ sold 10,000,000 shares of WES for 25.25 per share on Jul 21. After the transaction, the 10% Owner now owns 190,281,578 company shares. In a previous transaction on Jul 21, OCCIDENTAL PETROLEUM CORP /DE/ sold 10,000,000 shares at 25.25 per share. WES shares that 10% Owner owns now total 190,281,578.

Among the insiders who bought shares, Bourne Robert W. acquired of 2,500 shares on Jun 17 at a per-share price of $22.90. This resulted in the SVP & Chief Commercial Officer holding 34,400 shares of WES after the transaction.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Western Midstream Partners LP pays an annual dividend of $2.00, resulting in a dividend yield of 7.68%, and it has a price to earnings (P/E) ratio of 9.39. WES’s most recent ex-dividend date was 4/28/2023 when it declared a $0.8560 quarterly dividend that was paid in cash on 5/15/2023. Previously, the company paid the dividend on 2/13/2023 with an ex-dividend date of 1/31/2023. The WES stock dividend was $0.50 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WES in the last 3 months, the mean price target is $32.43 with high estimates of $36.00 and low estimates of $27.00. In terms of 52-week highs and lows, WES has a high of $29.11 and a low of $21.66.

As of this writing, WES has an earnings estimate of $0.66 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.62. The company reported an EPS of $0.85 in the last quarter, which was 18.10% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. WES’s latest balance sheet shows that the firm has $202.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.40B in debt and $1.14B in liabilities at the time. Its Book Value Per Share was $7.71, while its Total Shareholder’s Equity was $3.10B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WES is Buy with a score of 4.82.

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