Markwest Energy Partners EVP Sells $135,082 in Stock (MWE)
Markwest Energy Partners (NYSE:MWE) EVP Randy S. Nickerson sold 1,700 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $79.46, for a total transaction of $135,082.00. Following the transaction, the executive vice president now directly owns 217,209 shares of the company’s stock, valued at approximately $17,259,427. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Markwest Energy Partners (NYSE:MWE) traded down 0.46% during mid-day trading on Tuesday, hitting $79.36. 968,214 shares of the company’s stock traded hands. Markwest Energy Partners has a one year low of $58.62 and a one year high of $80.02. The stock has a 50-day moving average of $73.43 and a 200-day moving average of $67.63. The company’s market cap is $14.048 billion.
Markwest Energy Partners (NYSE:MWE) last issued its quarterly earnings data 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 $0.78 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MWE shares. Analysts at Wunderlich raised their price target on shares of Markwest Energy Partners from $83.00 to $88.00 in a research note on Thursday, August 28th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Markwest Energy Partners in a research note on Thursday, August 21st. They now have a $79.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Markwest Energy Partners from $82.00 to $83.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Six 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $78.55.
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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