Western Gas Partners Target of Unusually Large Options Trading (WES)

Western Gas Partners, LP (NYSE:WES) saw unusually large options trading activity on Thursday. Stock investors acquired 503 put options on the stock. This is an increase of 640% compared to the typical volume of 68 put options.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Western Gas Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Barclays raised their target price on shares of Western Gas Partners from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, June 12th. Citigroup raised their target price on shares of Western Gas Partners from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Morgan Stanley decreased their target price on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, August 17th. Finally, Zacks Investment Research raised Western Gas Partners from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, July 26th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Western Gas Partners presently has an average rating of “Hold” and a consensus price target of $53.79.

Shares of WES traded up $0.16 during midday trading on Friday, reaching $45.80. 318,445 shares of the stock were exchanged, compared to its average volume of 583,528. Western Gas Partners has a twelve month low of $40.44 and a twelve month high of $54.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $6.67 billion, a P/E ratio of 35.23, a P/E/G ratio of 3.98 and a beta of 1.30.

Western Gas Partners (NYSE:WES) last posted its quarterly earnings results on Tuesday, July 31st. The pipeline company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $435.95 million during the quarter. Western Gas Partners had a return on equity of 12.18% and a net margin of 22.80%. On average, equities research analysts predict that Western Gas Partners will post 1.83 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of WES. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Western Gas Partners in the first quarter valued at about $427,000. Kayne Anderson Capital Advisors LP grew its position in Western Gas Partners by 2.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,053,163 shares of the pipeline company’s stock valued at $386,282,000 after acquiring an additional 173,749 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in Western Gas Partners in the first quarter valued at about $1,700,000. BlackRock Inc. grew its position in Western Gas Partners by 6.7% in the first quarter. BlackRock Inc. now owns 714,390 shares of the pipeline company’s stock valued at $30,483,000 after acquiring an additional 44,608 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Western Gas Partners by 21.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 10,238 shares of the pipeline company’s stock valued at $437,000 after acquiring an additional 1,834 shares during the last quarter. 59.79% of the stock is owned by institutional investors and hedge funds.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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