Western Gas Partners, Receives Buy Rating from Stifel Nicolaus (WES)
Western Gas Partners, (NYSE:WES)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, American Banking and Market News reports. They currently have a $75.00 price objective on the stock, up from their previous price objective of $70.00. Stifel Nicolaus’ price target would indicate a potential upside of 6.26% from the stock’s previous close.
A number of other analysts have also recently weighed in on WES. Analysts at Barclays initiated coverage on shares of Western Gas Partners, in a research note on Thursday, April 17th. They set an “overweight” rating on the stock. Separately, analysts at Ladenburg Thalmann reiterated a “buy” rating on shares of Western Gas Partners, in a research note on Monday, March 3rd. They now have a $74.00 price target on the stock, up previously from $70.00. Finally, analysts at Credit Suisse raised their price target on shares of Western Gas Partners, from $67.00 to $69.00 in a research note on Monday, March 3rd. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $71.06.
Shares of Western Gas Partners, (NYSE:WES) traded down 0.85% during mid-day trading on Thursday, hitting $69.98. The stock had a trading volume of 234,507 shares. Western Gas Partners, has a 1-year low of $54.58 and a 1-year high of $71.07. The stock has a 50-day moving average of $67.15 and a 200-day moving average of $62.71. The company has a market cap of $8.238 billion and a price-to-earnings ratio of 34.41.
Western Gas Partners, (NYSE:WES) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.16 by $0.62. The company had revenue of $279.50 million for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the company posted $0.31 earnings per share. Western Gas Partners,’s revenue was up 23.8% compared to the same quarter last year. Analysts expect that Western Gas Partners, will post $2.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.60.
Western Gas Partners, LP (NYSE:WES) is a master limited partnership (MLP) organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.
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