MarkWest Energy Partners (MWE) Plans Quarterly Dividend of $0.86
MarkWest Energy Partners (NYSE:MWE) announced a quarterly dividend on Wednesday, January 22nd, Analyst Ratings News reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.86 per share on Friday, February 14th. This represents a $3.44 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Tuesday, February 4th.
A number of analysts have recently weighed in on MWE shares. Analysts at Merrill Lynch upgraded shares of MarkWest Energy Partners to a “buy” rating in a research note to investors on Wednesday, January 15th. On a related note, analysts at Wunderlich initiated coverage on shares of MarkWest Energy Partners in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $78.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of MarkWest Energy Partners in a research note to investors on Friday, January 3rd. They now have a $70.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $75.50.
Shares of MarkWest Energy Partners (NYSE:MWE) traded up 0.61% on Wednesday, hitting $69.70. The stock had a trading volume of 593,479 shares. MarkWest Energy Partners has a 52-week low of $53.04 and a 52-week high of $75.79. The stock has a 50-day moving average of $65.8 and a 200-day moving average of $68.8. The company has a market cap of $10.489 billion and a P/E ratio of 136.65.
MarkWest Energy Partners (NYSE:MWE) last announced its earnings results on Wednesday, November 13th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.41. The company had revenue of $420.52 million for the quarter, compared to the consensus estimate of $458.22 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 49.9% on a year-over-year basis. Analysts expect that MarkWest Energy Partners will post $0.55 EPS for the current fiscal year.
MarkWest Energy Partners, L.P. is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of NGLs, and the gathering and transportation of crude oil.
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