Western Gas Partners, Short Interest Up 59.3% in May (WES)
Shares of Western Gas Partners, (NYSE:WES) saw a large growth in short interest during the month of May. As of May 30th, there was short interest totalling 1,436,962 shares, a growth of 59.3% from the May 15th total of 901,853 shares, AmericanBankingNews.com reports. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 103,158 shares, the short-interest ratio is presently 13.9 days.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Western Gas Partners, from $72.00 to $77.00 in a research note on Tuesday, May 13th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Western Gas Partners, in a research note on Thursday, May 8th. They now have a $72.00 price target on the stock, up previously from $69.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Western Gas Partners, in a research note on Thursday, May 8th. They now have a $75.00 price target on the stock, up previously from $70.00. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $72.20.
Shares of Western Gas Partners, (NYSE:WES) opened at 75.25 on Wednesday. Western Gas Partners, has a 52-week low of $54.58 and a 52-week high of $75.45. The stock has a 50-day moving average of $72.33 and a 200-day moving average of $65.52. The company has a market cap of $8.874 billion and a price-to-earnings ratio of 36.27.
Western Gas Partners, (NYSE:WES) last issued its quarterly earnings data 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 in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. Analysts expect that Western Gas Partners, will post $2.33 EPS for the current fiscal year.
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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