Western Gas Partners, Stock Rating Reaffirmed by Citigroup Inc. (WES)
Western Gas Partners, (NYSE:WES)‘s stock had its “buy” rating reiterated by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday. They currently have a $88.00 price target on the stock, up from their previous price target of $74.00. Citigroup Inc.’s target price suggests a potential upside of 14.08% from the company’s current price.
A number of other firms have also recently commented on WES. 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.18.
Western Gas Partners, (NYSE:WES) traded down 0.04% on Friday, hitting $77.14. 85,713 shares of the company’s stock traded hands. Western Gas Partners, has a 52-week low of $54.58 and a 52-week high of $79.81. The stock has a 50-day moving average of $75.44 and a 200-day moving average of $67.96. The company has a market cap of $9.097 billion and a price-to-earnings ratio of 37.61.
Western Gas Partners, (NYSE:WES) last announced its earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Western Gas Partners, will post $2.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 13th. Investors of record on Thursday, July 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Tuesday, July 29th. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.63.
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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