Western Midstream Partners LP (NYSE: WES) May Be Attracting Institutional Investments

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. Recently, Yahoo Finance discussed the stock, revealing that 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. At the end of the last regular session, the stock closed at $34.46 and fluctuated between $34.88 as its day high and $34.34 as its day low. The current market capitalization of Western Midstream Partners LP is $13.11B. A total of 0.9 million shares were traded on the day, compared to an average of 1.49M shares.

In the most recent transaction, STEWART LISA A bought 2,500 shares of WES for 34.87 per share on Mar 06 ’24. After the transaction, the Director now owns 30,730 company shares. In a previous transaction on Mar 01 ’24, Ure Michael bought 5,000 shares at 33.65 per share. WES shares that President & CEO owns now total 561,404.

Among the insiders who bought shares, Brown Oscar K acquired of 3,500 shares on Feb 28 ’24 at a per-share price of $33.35. This resulted in the Director holding 34,791 shares of WES after the transaction. In another insider transaction, STEWART LISA A bought 2,500 shares at $33.38 per share on Feb 28 ’24. Company shares held by the Director now total 28,230.

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 6.42%, and it has a price to earnings (P/E) ratio of 13.26. 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. In terms of 52-week highs and lows, WES has a high of $35.04 and a low of $23.48.

As of this writing, WES has an earnings estimate of $0.83 per share for the current quarter. EPS was calculated based on a consensus of 7 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 3.57.

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