After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that WESTERN MIDSTREAM ANNOUNCES 2024 GUIDANCE AND NON-CORE ASSET SALES FOR AGGREGATE PROCEEDS OF $790 MILLION.
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Stocks Info
As a NYSE listed company, WES falls under the Energy sector while operating within the Oil & Gas Midstream industry segment. At the end of the last regular session, the stock closed at $30.18 and fluctuated between $31.14 as its day high and $30.01 as its day low. The current market capitalization of Western Midstream Partners LP is $11.45B. A total of 2.89 million shares were traded on the day, compared to an average of 1.23M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 0 BUYs and 2 SELLs from insiders. Insiders purchased 0 shares during that period but sold 10,200,000.
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.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Western Midstream Partners LP pays an annual dividend of $2.21, resulting in a dividend yield of 7.33%, and it has a price to earnings (P/E) ratio of 11.13. WES’s most recent ex-dividend date was 1/31/2024 when it declared a $0.5750 quarterly dividend that was paid in cash on 2/13/2024. Previously, the company paid the dividend on 11/13/2023 with an ex-dividend date of 10/31/2023. The WES stock dividend was $0.5750 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WES in the last 3 months, the mean price target is $30.98 with high estimates of $35.00 and low estimates of $27.00. In terms of 52-week highs and lows, WES has a high of $32.25 and a low of $23.48.
As of this writing, WES has an earnings estimate of $0.78 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.88 per share and a lower estimate of $0.67. The company reported an EPS of $0.64 in the last quarter, which was -3.00% lower than expectations of $0.66.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. WES’s latest balance sheet shows that the firm has $202.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.91B in debt and $1.14B in liabilities at the time. Its Book Value Per Share was $7.44, while its Total Shareholder’s Equity was $3.10B.
Analysts Opinion
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. 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 3.71.
