Western Gas Partners, L.P. stock trades under the ticker WES & has shown recent bullishness that traders & investors should take a closer look into.
WES stock closed at $26.31/share on Friday, 8/5/2022.
Western Gas Partners, L.P. WES Stock’s Technical Performance Broken Down
WES Stock Price: $26.31
10 Day Moving Average: $26.85
50 Day Moving Average: $25.97
200 Day Moving Average: $23.79
MACD: 0.378
RSI: 51.12
On Friday, WES stock completed a bearish MACD crossover, after recovering 2.37% the day following a gap down day.
Like many other stocks at this time, they are trading on below average volume recently compared to the year prior, and have a neutral RSI, signaling that there is not a lot of conviction behind their price.
Their prices have been relatively concentrated over the last 6 months, with support at the $25.60 & $25.54/share price levels, as they try to break out above the $26.42 & $26.54/share resistance levels.
Western Gas Partners, L.P. WES Stock As A Long-Term Investment
Long-term oriented investors will like WES stock’s 10.32 P/E (ttm), but may find their 3.31 P/B (mrq) to be a bit rich.
They recently reported 21.9% Quarterly Revenue Growth Y-o-Y, with 32.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet should be reviewed more carefully before making an investment, with $97.43M of Total Cash (mrq) & $6.66B of Toal Debt (mrq).
WES stock pays a 6.27% dividend yield, which should be sustainable in the long-run, with a 54.8% payout ratio.
87% of WES stock’s outstanding share float is owned by institutional investors.
Western Gas Partners, L.P. WES Stock As A Short-Term Trade Using Options
WES stock has options that short-term oriented traders can use to profit from their price movements, while protecting their holdings against volatility.
I am looking at the contracts with the 8/19 expiration date.
The $25, $26 & $22 call options are all in-the-money, listed from most to least liquid strike price.
The $28, $27 & $29 puts are also in-the-money, with the former having the most open interest & the latter having the least.
Tying It All Together
WES stock has many interesting characteristics that traders & investors should research further into.
Investors will like their dividend yield, as well as their recent growth.
Traders will like the liquidity of their options, as well as their recent technical resilience amidst volatility.
All-in-all, it is worth taking a closer look into WES stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF WES STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***