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Friday, September 29, 2023

Today, Western Midstream Partners LP (NYSE: WES) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Western Midstream Partners LP (WES) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.42, or 1.60%, to $26.70. The Western Midstream Partners LP has recorded 14,315 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Western Midstream Announces Expansion of Powder River Basin Footprint With the Acquisition of Meritage Midstream.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Midstream industry segment. At the end of the last regular session, the stock closed at $26.28 and fluctuated between $26.36 as its day high and $26.07 as its day low. The current market capitalization of Western Midstream Partners LP is $10.06B. A total of 1.28 million shares were traded on the day, compared to an average of 1.01M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 27 BUYs and 23 SELLs from insiders. Insiders purchased 290,115 shares during that period but sold 100,602.

In the most recent transaction, OCCIDENTAL PETROLEUM CORP /DE/ sold 5,100,000 shares of WES for 25.00 per share on Sep 12. After the transaction, the 10% Owner now owns 185,181,578 company shares. In a previous transaction on Sep 12, OCCIDENTAL PETROLEUM CORP /DE/ sold 5,100,000 shares at 25.00 per share. WES shares that 10% Owner owns now total 185,181,578.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Western Midstream Partners LP pays an annual dividend of $2.25, resulting in a dividend yield of 8.56%, and it has a price to earnings (P/E) ratio of 9.83. WES’s most recent ex-dividend date was 7/28/2023 when it declared a $0.5625 quarterly dividend that was paid in cash on 8/14/2023. Previously, the company paid the dividend on 5/15/2023 with an ex-dividend date of 4/28/2023. The WES stock dividend was $0.8560 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for WES in the last 3 months, the mean price target is $30.57 with high estimates of $35.00 and low estimates of $24.00. In terms of 52-week highs and lows, WES has a high of $28.80 and a low of $22.94.

As of this writing, WES has an earnings estimate of $Western Digital Corporation per share for the current quarter. EPS was calculated based on a consensus of WeWork Inc. estimates, with a high estimate of $Western Alliance Bancorporation per share and a lower estimate of $Westrock Company.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $7.51, while its Total Shareholder’s Equity was $3.10B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.00.

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