Western Gas Partners, LP (NYSE:WES) has been given an average rating of “Buy” by the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $54.85.
A number of analysts have weighed in on WES shares. Stifel Nicolaus raised their price target on Western Gas Partners from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Bank of America raised their price target on Western Gas Partners from $47.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, June 5th. Citigroup raised their price target on Western Gas Partners from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. ValuEngine raised Western Gas Partners from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Finally, Barclays lifted their price objective on Western Gas Partners from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, August 29th.
Hedge funds have recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Western Gas Partners during the 2nd quarter worth approximately $187,000. LVW Advisors LLC acquired a new position in shares of Western Gas Partners during the 2nd quarter worth approximately $202,000. Penn Davis Mcfarland Inc. acquired a new position in shares of Western Gas Partners during the 2nd quarter worth approximately $266,000. Sonata Capital Group Inc. acquired a new position in shares of Western Gas Partners during the 2nd quarter worth approximately $296,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of Western Gas Partners by 20.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 8,185 shares of the pipeline company’s stock worth $396,000 after purchasing an additional 1,385 shares during the last quarter. Institutional investors own 59.79% of the company’s stock.
Shares of NYSE WES traded down $0.16 during mid-day trading on Friday, hitting $45.68. The company had a trading volume of 11,213 shares, compared to its average volume of 556,867. The stock has a market cap of $6.88 billion, a P/E ratio of 35.00, a PEG ratio of 4.11 and a beta of 1.28. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.13. Western Gas Partners has a 1-year low of $40.44 and a 1-year high of $54.40.
Western Gas Partners (NYSE:WES) last announced its quarterly earnings data on Tuesday, July 31st. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Western Gas Partners had a return on equity of 12.18% and a net margin of 22.80%. The business had revenue of $435.95 million for the quarter. equities analysts forecast that Western Gas Partners will post 1.83 EPS for the current fiscal year.
About Western Gas Partners
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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