Western Gas Partners, LP (NYSE:WES) Director James R. Crane sold 6,307 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $50.08, for a total value of $315,854.56. Following the completion of the sale, the director now directly owns 293,341 shares in the company, valued at $14,690,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Western Gas Partners, LP (NYSE:WES) traded up 2.23% during trading on Wednesday, hitting $50.00. The company had a trading volume of 349,382 shares. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 295.86 and a beta of 0.96. The firm has a 50-day moving average of $49.76 and a 200 day moving average of $48.06. Western Gas Partners, LP has a 12-month low of $25.40 and a 12-month high of $54.35.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The company earned $428.70 million during the quarter, compared to analyst estimates of $438.63 million. Western Gas Partners,’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities research analysts forecast that Western Gas Partners, LP will post $1.88 earnings per share for the current year.

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Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Western Gas Partners, from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Janney Montgomery Scott assumed coverage on Western Gas Partners, in a research report on Friday, July 29th. They issued a “buy” rating and a $60.00 target price on the stock. TheStreet raised Western Gas Partners, from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Western Gas Partners, in a research report on Thursday, July 28th. Finally, Mitsubishi UFJ Financial Group assumed coverage on Western Gas Partners, in a research report on Friday, June 17th. They issued a “neutral” rating and a $59.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $52.13.

A number of hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the company’s stock valued at $123,000 after buying an additional 202 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Western Gas Partners, during the first quarter valued at approximately $151,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Western Gas Partners, by 36.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,536 shares of the company’s stock valued at $197,000 after buying an additional 1,220 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Western Gas Partners, during the second quarter valued at approximately $208,000. Finally, Balentine LLC bought a new stake in shares of Western Gas Partners, during the second quarter valued at approximately $227,000.

Western Gas Partners, Company Profile

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.

5 Day Chart for NYSE:WES

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