Western Gas Partners (WES) Declares Quarterly Dividend of $0.58
Western Gas Partners (NYSE:WES) announced a quarterly dividend on Wednesday, October 16th, AnalystRatingsNetwork.com reports. Investors of record on Thursday, October 31st will be paid a dividend of $0.58 per share on Tuesday, November 12th. This represents a $2.32 annualized dividend and a dividend yield of 3.92%.
A number of analysts have recently weighed in on WES shares. Analysts at Zacks downgraded shares of Western Gas Partners from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $57.00 price target on the stock. On the ratings front, analysts at Oppenheimer initiated coverage on shares of Western Gas Partners in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $69.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Western Gas Partners from $67.00 to $69.00 in a research note to investors on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $65.00.
Shares of Western Gas Partners (NYSE:WES) traded up 0.34% during mid-day trading on Wednesday, hitting $59.21. The stock had a trading volume of 82,825 shares. Western Gas Partners has a 52 week low of $45.10 and a 52 week high of $65.16. The stock has a 50-day moving average of $59.00 and a 200-day moving average of $60.24. The company has a market cap of $6.639 billion and a price-to-earnings ratio of 73.21.
Western Gas Partners (NYSE:WES) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $252.46 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that Western Gas Partners will post $1.60 earnings per share for the current fiscal year.
Western Gas Partners, LP (NYSE:WES) is a limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.