Western Gas Partners, Given Consensus Rating of “Buy” by Analysts (NYSE:WES)
Western Gas Partners, (NYSE:WES) has received an average recommendation of “Buy” from the ten brokerages that are presently covering the company, Analyst Ratings Network.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $74.18.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Western Gas Partners, in a research note on Friday. They now have a $88.00 price target on the stock, up previously from $74.00. Separately, 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. Finally, 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.
Western Gas Partners, (NYSE:WES) traded down 0.63% during mid-day trading on Monday, hitting $76.6578. The stock had a trading volume of 22,664 shares. Western Gas Partners, has a 52-week low of $54.58 and a 52-week high of $79.81. The stock’s 50-day moving average is $75.44 and its 200-day moving average is $67.96. The company has a market cap of $9.040 billion and a price-to-earnings ratio of 37.59.
Western Gas Partners, (NYSE:WES) last announced its 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 $2.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 13th. Stockholders 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 a boost 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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