Western Midstream Partners LP (NYSE:WES) does about 1.08M shares in volume on a normal day but saw 946041 shares change hands in Tuesday trading. The company now has a market cap of 14.54B USD. Its current market price is $38.22, marking a decrease of -2.77% compared to the previous close of $39.31. The 52 week high reached by this stock is $39.37 whilst the lowest price level in 52 weeks is $25.47.
Western Midstream Partners LP (WES) has a 20-day trading average at $37.73 and the current price is -2.92% off the 52-week high compared with 50.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $36.37 and its 200-day simple moving average is $30.85. If we look at the stock’s price movements over the week, volatility stands at 2.85%, which decreases to 2.61% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.97 to suggest the stock is neutral.
The consensus objective for the share price is $36.98, suggesting that the stock has a potential downside of -3.35% over the period.
Citigroup downgraded its price target at $30-$34.
Western Midstream Partners LP (WES) stock is up 3.35% over the week and 5.49% over the past month. Its price is 30.62% year-to-date and 45.05% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -3.35 percent from here.
The company has a return on investment of 12.93% and return on equity of 43.81%. The price to earnings ratio (P/E ratio) amounts to 10.77 while the forward price to earnings ratio is 10.36. The beta has a value of 2.84. Price to book ratio is 4.49 and price to sales ratio is 4.46.
