Western Gas Partners, Receives Average Recommendation of “Buy” from Brokerages (NYSE:WES)
Shares of Western Gas Partners, (NYSE:WES) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, American Banking News.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on 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, July 25th. 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) opened at 74.11 on Monday. Western Gas Partners, has a 1-year low of $54.58 and a 1-year high of $79.81. The stock has a 50-day moving average of $75.5 and a 200-day moving average of $68.41. The company has a market cap of $8.740 billion and a P/E ratio of 36.95.
Western Gas Partners, (NYSE:WES) last issued its quarterly earnings data 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. Analysts expect that Western Gas Partners, will post $2.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 13th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a positive change 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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