Western Gas Partners, LP (NYSE:WES) Director James R. Crane sold 6,715 shares of Western Gas Partners, stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $50.01, for a total transaction of $335,817.15. Following the sale, the director now owns 299,648 shares in the company, valued at $14,985,396.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Western Gas Partners, LP (NYSE:WES) opened at 48.91 on Wednesday. The stock has a market cap of $6.98 billion, a PE ratio of 289.41 and a beta of 0.96. Western Gas Partners, LP has a 52 week low of $25.40 and a 52 week high of $54.35. The company has a 50-day moving average price of $49.72 and a 200-day moving average price of $48.05.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The company earned $428.70 million during the quarter, compared to the consensus estimate of $438.63 million. During the same quarter last year, the company earned $0.44 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis. Analysts anticipate that Western Gas Partners, LP will post $1.88 earnings per share for the current year.

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WES has been the topic of a number of recent analyst reports. Credit Suisse Group AG restated a “hold” rating on shares of Western Gas Partners, in a research note on Thursday, July 28th. Zacks Investment Research upgraded shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research note on Tuesday, July 26th. TheStreet upgraded shares of Western Gas Partners, from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Janney Montgomery Scott initiated coverage on shares of Western Gas Partners, in a research note on Friday, July 29th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Western Gas Partners, in a research note on Friday, June 17th. They set a “neutral” rating and a $59.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $52.13.

A number of hedge funds have recently made changes to their positions in WES. Duff & Phelps Investment Management Co. boosted its stake in shares of Western Gas Partners, by 7.7% in the first quarter. Duff & Phelps Investment Management Co. now owns 492,400 shares of the company’s stock worth $21,375,000 after buying an additional 35,000 shares during the period. Brookfield Asset Management Inc. acquired a new position in Western Gas Partners, during the first quarter worth approximately $16,142,000. LVW Advisors LLC raised its position in Western Gas Partners, by 18.4% in the first quarter. LVW Advisors LLC now owns 7,342 shares of the company’s stock worth $319,000 after buying an additional 1,142 shares in the last quarter. ING Groep NV acquired a new position in Western Gas Partners, during the first quarter worth approximately $16,410,000. Finally, Cypress Wealth Advisors LLC raised its position in Western Gas Partners, by 10.6% in the first quarter. Cypress Wealth Advisors LLC now owns 11,430 shares of the company’s stock worth $496,000 after buying an additional 1,100 shares in the last quarter.

About Western Gas Partners,

Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.

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