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Western Midstream Partners is an oil & gas midstream business based in the US. Western Midstream Partners stocks (WES.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $20.6 – an increase of 0.7% over the previous week. Western Midstream Partners employs 1,045 staff and has a trailing 12-month revenue of around $2.7 billion.
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Since the stock market crash in March caused by coronavirus, Western Midstream Partners's stock price has had significant positive movement.
Its last market close was $20.02, which is 22.78% up on its pre-crash value of $15.46 and 567.33% up on the lowest point reached during the March crash when the stocks fell as low as $3.
If you had bought $1,000 worth of Western Midstream Partners stocks at the start of February 2020, those stocks would have been worth $249.86 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,226.02.
|Latest market close||$20.02|
|52-week range||$6.3887 - $23.3171|
|50-day moving average||$19.5346|
|200-day moving average||$20.0767|
|Wall St. target price||$25|
|Dividend yield||$1.256 (6.07%)|
|Earnings per share (TTM)||$2.161|
Note: The dollar amounts in the table below are in Canadian dollars.
|1 week (2021-09-09)||-0.89%|
|1 month (2021-08-18)||6.60%|
|3 months (2021-06-18)||-6.10%|
|6 months (2021-03-19)||8.57%|
|1 year (2020-09-18)||157.66%|
|2 years (2019-09-18)||-25.38%|
|3 years (2018-09-18)||-40.47%|
|5 years (2016-09-16)||-46.68%|
Valuing Western Midstream Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Western Midstream Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Western Midstream Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Western Midstream Partners stocks trade at around 9x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the stocks or simply that they're under-valued.
Western Midstream Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.48. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Western Midstream Partners's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Western Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.7 billion.
The EBITDA is a measure of a Western Midstream Partners's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.7 billion|
|Operating margin TTM||43.33%|
|Gross profit TTM||USD$2 billion|
|Return on assets TTM||6.25%|
|Return on equity TTM||31.88%|
|Market capitalisation||USD$8.3 billion|
TTM: trailing 12 months
There are currently 5.2 million Western Midstream Partners stocks held short by investors – that's known as Western Midstream Partners's "short interest". This figure is 28.7% up from 4.0 million last month.
There are a few different ways that this level of interest in shorting Western Midstream Partners stocks can be evaluated.
Western Midstream Partners's "short interest ratio" (SIR) is the quantity of Western Midstream Partners stocks currently shorted divided by the average quantity of Western Midstream Partners stocks traded daily (recently around 941575.31760436). Western Midstream Partners's SIR currently stands at 5.51. In other words for every 100,000 Western Midstream Partners stocks traded daily on the market, roughly 5510 stocks are currently held short.
However Western Midstream Partners's short interest can also be evaluated against the total number of Western Midstream Partners stocks, or, against the total number of tradable Western Midstream Partners stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Western Midstream Partners's short interest could be expressed as 0.01% of the outstanding stocks (for every 100,000 Western Midstream Partners stocks in existence, roughly 10 stocks are currently held short) or 0.0247% of the tradable stocks (for every 100,000 tradable Western Midstream Partners stocks, roughly 25 stocks are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the stock price, with fewer people currently willing to bet against Western Midstream Partners.
Find out more about how you can short Western Midstream Partners stock.
Dividend payout ratio: 55.94% of net profits
Recently Western Midstream Partners has paid out, on average, around 55.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.17% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Western Midstream Partners shareholders could enjoy a 6.17% return on their shares, in the form of dividend payments. In Western Midstream Partners's case, that would currently equate to about $1.256 per share.
Western Midstream Partners's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Western Midstream Partners's most recent dividend payout was on 13 August 2021. The latest dividend was paid out to all shareholders who bought their stocks by 29 July 2021 (the "ex-dividend date").
Western Midstream Partners stocks were split on a 10:9 basis on 26 November 2014. So if you had owned 9 shares the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Western Midstream Partners stocks – just the quantity. However, indirectly, the new 10% lower stock price could have impacted the market appetite for Western Midstream Partners stocks which in turn could have impacted Western Midstream Partners's stock price.
Over the last 12 months, Western Midstream Partners's stocks have ranged in value from as little as $6.3887 up to $23.3171. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Western Midstream Partners's is 3.8368. This would suggest that Western Midstream Partners's stocks are significantly more volatile than the average for this exchange and represent a higher risk.
Western Midstream Partners, LP, together with its subsidiaries, acquire, own, develop, and operate midstream assets primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids, and crude oil; and gathering and disposing of produced water. The company also buys and sells natural gas, NGLs, and condensate. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. The company was founded in 2007 and is headquartered in The Woodlands, Texas. Western Midstream Partners, LP operates as a subsidiary of Occidental Petroleum Corporation.
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