Western Gas Partners, Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:WES)
Shares of Western Gas Partners, (NYSE:WES) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, American Banking and Market News reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $77.17.
Western Gas Partners, (NYSE:WES) opened at 76.27 on Thursday. Western Gas Partners, has a one year low of $54.58 and a one year high of $79.81. The stock’s 50-day moving average is $76.22 and its 200-day moving average is $71.02. The company has a market cap of $9.081 billion and a price-to-earnings ratio of 34.64.
Western Gas Partners, (NYSE:WES) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 31.2% on a year-over-year basis. Analysts expect that Western Gas Partners, will post $2.29 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Western Gas Partners, from $77.00 to $79.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Separately, 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, August 7th. They now have a “buy” rating on the stock. Finally, 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.
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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