Western Midstream Partners Target of Unusually High Options Trading (NYSE:WES)

Western Midstream Partners LP (NYSE:WES) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 531 put options on the stock. This represents an increase of approximately 865% compared to the average daily volume of 55 put options.

A number of research analysts have issued reports on the company. Mizuho cut Advantest from a “neutral” rating to an “underperform” rating in a research note on Friday, June 14th. Barclays reissued a “buy” rating on shares of Bayerische Motoren Werke in a research report on Friday, March 22nd. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Citigroup boosted their price target on Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Mitsubishi UFJ Financial Group decreased their target price on Western Midstream Partners from $55.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Western Midstream Partners currently has a consensus rating of “Hold” and an average price target of $45.00.

Institutional investors have recently added to or reduced their stakes in the stock. Executive Wealth Management LLC purchased a new position in shares of Western Midstream Partners during the 4th quarter valued at $25,000. Ffcm LLC grew its position in shares of Western Midstream Partners by 50.0% during the 4th quarter. Ffcm LLC now owns 717 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Berman Capital Advisors LLC purchased a new position in shares of Western Midstream Partners during the 4th quarter valued at $33,000. Bessemer Group Inc. grew its position in shares of Western Midstream Partners by 61.0% during the 4th quarter. Bessemer Group Inc. now owns 800 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 303 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. grew its position in shares of Western Midstream Partners by 52.6% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 1,526 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 526 shares in the last quarter. Institutional investors and hedge funds own 41.13% of the company’s stock.

Shares of WES traded down $0.22 during trading hours on Thursday, hitting $30.48. The stock had a trading volume of 433,100 shares, compared to its average volume of 862,132. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 1.45. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 2.29 and a beta of 1.42. The business’s 50 day moving average is $30.10. Western Midstream Partners has a 1-year low of $25.89 and a 1-year high of $37.69.

Western Midstream Partners (NYSE:WES) last released its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). Western Midstream Partners had a net margin of 16.47% and a return on equity of 11.61%. The business had revenue of $671.88 million during the quarter, compared to analysts’ expectations of $622.45 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. On average, research analysts forecast that Western Midstream Partners will post 2.3 EPS for the current fiscal year.

Western Midstream Partners Company Profile

Western Midstream Partners, LP, together with its subsidiaries, engages in gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.

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