Investors’ Patience Is Being Tested Right Now By Western Midstream Partners LP (NYSE: WES)

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. Yahoo Finance discussed the stock recently as it posted WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER POST-EARNINGS INTERVIEW WITH CHIEF FINANCIAL OFFICER, KRISTEN SHULTS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES.

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Stocks Info

Western Midstream Partners LP is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. The current market capitalization of Western Midstream Partners LP is $12.89B. A total of 2.52 million shares were traded on the day, compared to an average of 1.41M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Western Midstream Partners LP pays an annual dividend of $2.21, resulting in a dividend yield of 6.53%, and it has a price to earnings (P/E) ratio of 13.03. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WES in the last 3 months, the mean price target is $32.25 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 $34.89 and a low of $23.48.

As of this writing, WES has an earnings estimate of $0.82 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.18 per share and a lower estimate of $0.7. The company reported an EPS of $0.7 in the last quarter, which was 11.10% higher than expectations of $0.63.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $6.91B in debt and $1.14B in liabilities at the time. Its Book Value Per Share was $7.63, while its Total Shareholder’s Equity was $3.10B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.

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