Western Gas Partners, Short Interest Down 28.0% in June (WES)
Western Gas Partners, (NYSE:WES) was the recipient of a significant decline in short interest during the month of June. As of June 13th, there was short interest totalling 1,035,217 shares, a decline of 28.0% from the May 30th total of 1,436,962 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 193,192 shares, the days-to-cover ratio is presently 5.4 days. Approximately 1.5% of the shares of the company are sold short.
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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.20.
Western Gas Partners, (NYSE:WES) opened at 75.16 on Thursday. Western Gas Partners, has a 52 week low of $54.58 and a 52 week high of $76.77. The stock’s 50-day moving average is $73.72 and its 200-day moving average is $66.69. The company has a market cap of $8.864 billion and a P/E ratio of 36.07.
Western Gas Partners, (NYSE:WES) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter 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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