Western Gas Partners (WES) Announces Quarterly Dividend of $0.60
Western Gas Partners (NYSE:WES) declared a quarterly dividend on Monday, January 20th, AR Network reports. Investors of record on Friday, January 31st will be given a dividend of 0.60 per share on Wednesday, February 12th. This represents a $2.40 dividend on an annualized basis and a yield of 4.00%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Western Gas Partners from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $66.40 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Western Gas Partners in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Western Gas Partners from $69.00 to $72.00 in a research note to investors on Thursday, December 5th. They now have an “overweight” rating on the stock. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.20.
Shares of Western Gas Partners (NYSE:WES) opened at 59.98 on Monday. Western Gas Partners has a 52-week low of $49.90 and a 52-week high of $65.16. The stock has a 50-day moving average of $60.39 and a 200-day moving average of $60.5. The company has a market cap of $6.741 billion and a price-to-earnings ratio of 57.94.
Western Gas Partners (NYSE:WES) last released its earnings data on Thursday, November 7th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.11. The company had revenue of $278.00 million for the quarter, compared to the consensus estimate of $266.41 million. Analysts expect that Western Gas Partners will post $1.71 EPS 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.
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