Western Midstream Partners Stock Price on February 21, 2024
| WES Stock | USD 37.77 0.77 2.00% |
Below is the normalized historical share price chart for Western Midstream Partners extending back to December 07, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Western Midstream stands at 37.77, as last reported on the 23rd of May, with the highest price reaching 38.79 and the lowest price hitting 37.57 during the day.
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. Western Midstream appears to be very steady, given 3 months investment horizon. Western Midstream shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Midstream, which you can use to evaluate the volatility of the company. Please utilize Western Midstream's Market Risk Adjusted Performance of 0.2588, downside deviation of 1.18, and Mean Deviation of 1.11 to validate if our risk estimates are consistent with your expectations.
At this time, Western Midstream's Common Stock Total Equity is comparatively stable compared to the past year. Stock Based Compensation is likely to gain to about 33.6 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 248.2 M in 2024. . At this time, Western Midstream's Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 4.06 in 2024, whereas Price Earnings To Growth Ratio is likely to drop (0.87) in 2024. Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of May 2008 | 200 Day MA 30.1406 | 50 Day MA 35.551 | Beta 2.752 |
Western |
Sharpe Ratio = 0.1822
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Western Midstream is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Western Midstream by adding it to a well-diversified portfolio.
Price Book 4.5357 | Enterprise Value Ebitda 10.4432 | Price Sales 4.2305 | Shares Float 194.2 M | Dividend Share 2.588 |
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Western Midstream Valuation on February 21, 2024
It is possible to determine the worth of Western Midstream on a given historical date. On February 21, 2024 Western was worth 30.49 at the beginning of the trading date compared to the closed value of 29.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Midstream stock. Still, in general, we apply an absolute valuation method to find Western Midstream's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Western Midstream where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Midstream's related companies.
| Open | High | Low | Close | Volume | |
| 29.07 | 32.25 | 29.07 | 30.06 | 4,708,961 | |
02/21/2024 | 30.49 | 31.14 | 29.45 | 29.45 | 2,945,082 |
| 32.00 | 33.94 | 31.60 | 32.78 | 6,396,661 |
| Backtest Western Midstream | | | Western Midstream History | | | Western Midstream Valuation | Previous | Next |
Western Midstream Trading Date Momentum on February 21, 2024
| On February 22 2024 Western Midstream Partners was traded for 32.78 at the closing time. Highest Western Midstream's price during the trading hours was 33.94 and the lowest price during the day was 31.60 . The net volume was 6.4 M. The overall trading history on the 22nd of February contributed to the next trading period price appreciation. The trading price change to the next next day price was 11.31% . The trading price change to current price is 16.98% . |
Western Midstream Fundamentals Correlations and Trends
By evaluating Western Midstream's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Western Midstream's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Western financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Western Midstream Stock history
Western Midstream investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Midstream will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Western Midstream stock prices may prove useful in developing a viable investing in Western Midstream
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 384.4 M | 248.2 M | |
| Net Income Applicable To Common Shares | 1.4 B | 1.5 B |
Western Midstream Stock Technical Analysis
Western Midstream technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Western Midstream Period Price Range
Low | February 21, 2024
| High |
30.49 | 29.45 |
Western Midstream May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Midstream shares will generate the highest return on investment. By undertsting and applying Western Midstream stock market strength indicators, traders can identify Western Midstream Partners entry and exit signals to maximize returns
| Accumulation Distribution | 159833.0 | |||
| Daily Balance Of Power | (0.62) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 30.3 | |||
| Day Typical Price | 30.01 | |||
| Price Action Indicator | (1.37) | |||
| Period Momentum Indicator | 8.32 |
Western Midstream Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Western Midstream's price direction in advance. Along with the technical and fundamental analysis of Western Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Western to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1205 | |||
| Jensen Alpha | 0.2561 | |||
| Total Risk Alpha | 0.1354 | |||
| Sortino Ratio | 0.2407 | |||
| Treynor Ratio | 0.2488 |
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| Price Transform | ||
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| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Western Midstream information on this page should be used as a complementary analysis to other Western Midstream's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Western Stock analysis
When running Western Midstream's price analysis, check to measure Western Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Midstream is operating at the current time. Most of Western Midstream's value examination focuses on studying past and present price action to predict the probability of Western Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Midstream's price. Additionally, you may evaluate how the addition of Western Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Western Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Midstream. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.841 | Dividend Share 2.588 | Earnings Share 3.55 | Revenue Per Share 8.536 | Quarterly Revenue Growth 0.209 |
The market value of Western Midstream is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Midstream's value that differs from its market value or its book value, called intrinsic value, which is Western Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Midstream's market value can be influenced by many factors that don't directly affect Western Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.