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Markwest Energy Partners (NYSE:MWE) shares hit a new 52-week high during mid-day trading on Tuesday after Credit Suisse raised their price target on the stock from $82.00 to $83.00, AnalystRatingsNetwork reports. Credit Suisse currently has an outperform rating on the stock. Markwest Energy Partners traded as high as $76.83 and last traded at $74.88, with a volume of 1,049,237 shares traded. The stock had previously closed at $75.18.

A number of other analysts have also recently weighed in on MWE. Analysts at Barclays raised their price target on shares of Markwest Energy Partners from $70.00 to $76.00 in a research note on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Markwest Energy Partners from $70.00 to $72.00 in a research note on Friday. Finally, analysts at Stifel Nicolaus raised their price target on shares of Markwest Energy Partners from $72.00 to $76.00 in a research note on Friday. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $78.00.

The stock has a 50-day moving average of $71.40 and a 200-day moving average of $66.9. The company’s market cap is $13.172 billion.

Markwest Energy Partners (NYSE:MWE) last announced its earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.11. The company had revenue of $518.40 million for the quarter, compared to the consensus estimate of $553.11 million. During the same quarter last year, the company posted $0.55 earnings per share. Markwest Energy Partners’s revenue was up 24.9% compared to the same quarter last year. On average, analysts predict that Markwest Energy Partners will post $0.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Tuesday, August 5th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Friday, August 1st. This is a positive change from Markwest Energy Partners’s previous quarterly dividend of $0.87.

MarkWest Energy Partners, L.P. (NYSE:MWE) is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering and transportation of crude oil.

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