Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Western Midstream Partners LP’s current trading price is -9.96% away from its 52-week high, while its distance from the 52-week low is 43.73%. The stock’s price range during this period has varied between $26.81 and $42.80. The company, active in the Energy sector, saw a trading volume of around 0.83 million for the day, considerably lower average daily volume of 1.12 million observed over the last three months.
Western Midstream Partners LP’s stock has had a calm market performance. The 1-year high for the company’s stock was $42.80 on 07/23/24, and the lowest price during the same period was recorded at $26.81 on 12/13/23.
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How Financial Performance Impacts Market Capitalization
Western Midstream Partners LP (WES) has experienced a quarterly decline of -0.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.66B and boasts a workforce of 1377 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 39.00, with a change in price of -0.51. Similarly, Western Midstream Partners LP recorded 1,236,298 in trading volume during the last 100 days, posting a change of -1.29%.
How WES’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for WES stands at 2.45. Similarly, the long-term debt-to-equity ratio is also 2.14.
WES Stock Stochastic Average
As of today, the raw stochastic average of Western Midstream Partners LP over the past 50 days is 71.11%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 95.36%. Additionally, the Stochastic %K and %D values for the company were 64.64% and 41.05%, respectively, over the past 20 days.
WES Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 31.70%.However, over the last six months, we can see a weaker performance of 1.30%. Over the last 30 days, the price of WES has fallen by 0.06%. And in the last five days, it has surged by 6.80%.
