This Is Too Hot For Western Midstream Partners LP (NYSE: WES), Let’s Take A Closer Look

After Hours

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Midstream industry segment, falling under the Energy sector. The current market capitalization of Western Midstream Partners LP is $12.96B. A total of 1.15 million shares were traded on the day, compared to an average of 1.32M 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Western Midstream Partners LP pays an annual dividend of $2.21, resulting in a dividend yield of 6.50%, and it has a price to earnings (P/E) ratio of 13.10. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, WES has a high of $36.79 and a low of $24.89.

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

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $7.63, 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 3.38.

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