NewsBur
No Result
View All Result
Monday, January 18, 2021
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
Subscribe
Newsbur
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
No Result
View All Result
Newsbur
No Result
View All Result
Home Market News

Key Data As To Why Shares In Western Midstream Partners LP [WES] Are Trading 5.99% Higher

by Shawn Johnson
October 9, 2020
in Market News
0

Mature latin businessman showing stock market bar graph to businesswoman. Financial advising team discussing trading patterns of year. Rear view of casual businesspeople holding charts studying year trend together.

0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

On Thursday, Western Midstream Partners LP [NYSE:WES] has a current price of $8.85, coming out to a daily percentage change of 5.99% with a 52-week range of $2.90 – $24.45.

Other data for the company is as follows:

  • Stochastic %K of 84.9
  • Weighted Alpha of -47.3

Analysts have the price target for Western Midstream Partners LP [WES] at 11.61. Daily swings are between $8.30 and $8.90.

The Price is right

Holding a Market Cap of $3.83 billion, Western Midstream Partners LP has seen a trading range over the last year of $2.90-$24.45.

For the last five days, WES is up from its last closing price. The average shares trading hands each day is 1.51M.

Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for WES. When we apply the Elder Force Index to Western Midstream Partners LP, we are seeing an Elder Force Indicator number of 1026525.5.

Recent Performance

The recent performance of the stock is another area that can tell traders how to proceed. WES is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 4.82.

In the last quarter, WES made a profit of 373.77 million. Western Midstream Partners LP also saw quarter revenue growth year over year of 19.04%.

Technical Analysis

Looking at popular technical indicators, the company’s 5-day moving average is 8.38 compared to the 50-day moving average of 1.89%. So, we are clearly seeing an upward trajectory here.

The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. WES currently holds a 9-day RSI of 70.63%, while 100-day RSI stands at 45.89%.

Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. WES’s 9-day MACD is 0.35 and the company’s 100-day MACD stands at -0.90.

Inside Moves

Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.

The major holders for this stock are 54.76% by insiders and 40.33% by institutions. Regarding institutional holdings, Alps Advisors Inc. owns 5.53%, while the second top holder, Invesco Ltd., currently owns 5.16%.

Over the last six months, insiders have bought 10,000 with the most recent transaction from Ure Michael, President & CEO, with a purchase at price 5.45 per share.

Conclusion

Overall, the recommended rating for WES is Moderate Buy. Currently, the company has 12 analysts watching the stock, and the average quarterly earnings estimate is 0.49. Quarterly revenue estimates are averaging 675.28M with the high estimate reaching 753.83M and the low at 611.79M.

To review, the current 1-year target estimate is sitting at 11.61, while the current price 8.85. Based on this, we expect the stock to rise considering the aforementioned fundamentals.

Tags: NYSE:WESWESWES stockWestern Midstream Partners LP

Recommended Stories

Buy or Sell on Enservco Corporation [ENSV] as the Price Moves to $0.19?

October 12, 2020

Key Data As To Why Shares In Luminex Corporation [LMNX] Are Trading -11.81% Lower

August 28, 2020

Put Aquestive Therapeutics Inc. [AQST] on Your Watchlist Right Now as Quarterly Revenue Growth Hits -21.98%

September 28, 2020

Popular Stories

  • Sorrento Therapeutics Inc. [SRNE] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] Is Skyrocketing 13.15% on Pure Fundamentals

    0 shares
    Share 0 Tweet 0
  • BlackBerry Limited [BB] is a Top Ten Buy with Quarterly Revenues of 999.00M

    0 shares
    Share 0 Tweet 0
  • Impressive Profit Margins of -5.80% Raise Bull Flags for General Electric Company [GE]

    0 shares
    Share 0 Tweet 0

NewsBur.com

Newsbur.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis.

Recent Posts

  • After-Hours Trading Alert: Amgen Inc. [AMGN] is Up 0.85% After the Bell
  • Has Dynatrace Inc. [DT] Completely Outpaced Other Companies in the Technology This Year?
  • Why Applied Materials Inc. [AMAT]’s 1.55% Drop is No Cause for Alarm

Categories

  • Analyst Actions
  • Market News
  • Morning News
  • Trending Stocks
  • Uncategorized

© 2020 Copyright © All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
  • Morning News
  • Analyst Actions
  • Trending Stocks

© 2020 Copyright © All Rights Reserved.