Western Gas Partners, PT Raised to $79.00 (WES)
Analysts at RBC Capital raised their target price on shares of Western Gas Partners, (NYSE:WES) from $77.00 to $79.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 10.18% from the company’s current price.
A number of other analysts have also recently weighed in on WES. Analysts at Stifel Nicolaus raised their price target on shares of Western Gas Partners, from $75.00 to $78.00 in a research note on Thursday. They now have a “buy” rating 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Western Gas Partners, presently has a consensus rating of “Buy” and an average price target of $76.00.
Shares of Western Gas Partners, (NYSE:WES) opened at 71.70 on Friday. 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 $75.57 and a 200-day moving average of $68.88. The company has a market cap of $8.530 billion and a P/E ratio of 32.96.
Western Gas Partners, (NYSE:WES) last released its earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $329.90 million for the quarter, compared to the consensus estimate of $319.02 million. During the same quarter last year, the company posted $0.41 earnings per share. Western Gas Partners,’s revenue was up 31.2% compared to the same quarter last year. On average, analysts predict that Western Gas Partners, will post $2.34 earnings per share 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 3.63%. 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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