With 1.37 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.2 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $39.17 whereas the lowest price it dropped to was $38.1. The 52-week range on WES shows that it touched its highest point at $42.80 and its lowest point at $27.44 during that stretch. It currently has a 1-year price target of $40.25. With its current market cap of 14.52 billion, WES has annualized dividend of $3.20 while the current yield stands at 8.39%. WES paid its most recent dividend on 1730419200, while the ex-dividend date for that was 1730419200. Beta for the stock currently stands at 2.82.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WES was down-trending over the past week, with a drop of -4.51%, but this was up by 0.93% over a month. Three-month performance dropped to -1.55% while six-month performance fell -0.78%. The stock gained 36.49% in the past year, while it has gained 30.38% so far this year. A look at the trailing 12-month EPS for WES yields 3.91 with Next year EPS estimates of 3.52. For the next quarter, that number is 0.87. This implies an EPS growth rate of 51.28% for this year and -10.42% for next year. EPS is expected to grow by 8.05% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.01%.
Float and Shares Shorts:
At present, 380.56 million WES shares are outstanding with a float of 210.17 million shares on hand for trading. On 2024-11-29, short shares totaled 6.18 million, which was 162.0 higher than short shares on 1730332800. In addition to Mr. Oscar K. Brown as the firm’s President, CEO & Director – Western Midstream Holdings LLC, Ms. Kristen S. Shults CPA serves as its Senior VP & CFO – Western Midstream Holdings LLC.
Institutional Ownership:
Through their ownership of 0.85125 of WES’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, WES reported revenue of $883362000.0 and operating income of $376073000.0. The EBITDA in the recently reported quarter was $572386000.0 and diluted EPS was $0.74.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WES since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WES analysts setting a high price target of 45.0 and a low target of 36.0, the average target price over the next 12 months is 40.28308. Based on these targets, WES could surge 17.96% to reach the target high and fall by -5.64% to reach the target low. Reaching the average price target will result in a growth of 5.59% from current levels.
Analysts have provided yearly estimates in a range of $4.05056 being high and $3.80655 being low. For WES, this leads to a yearly average estimate of $3.93344. Based on analyst estimates, the high estimate for the next quarter is $0.9 and the low estimate is $0.84. The average estimate for the next quarter is thus $0.87.
