Western Gas Partners, LP (NYSE:WES) to Release Earnings on Monday
Western Gas Partners, LP (NYSE:WES) is scheduled to be releasing its earnings data after the market closes on Monday, July 24th. Analysts expect Western Gas Partners, to post earnings of $0.49 per share for the quarter.
Western Gas Partners, LP (NYSE:WES) opened at 57.15 on Monday. The stock has a market capitalization of $8.09 billion, a P/E ratio of 39.85 and a beta of 1.20. The firm’s 50-day moving average is $55.08 and its 200-day moving average is $59.13. Western Gas Partners, LP has a 12 month low of $46.85 and a 12 month high of $67.44.
Several brokerages have recently commented on WES. Zacks Investment Research upgraded Western Gas Partners, from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Stifel Nicolaus restated a “hold” rating and set a $60.00 price target on shares of Western Gas Partners, in a research note on Friday. Citigroup Inc. raised their price target on Western Gas Partners, from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, April 25th. Macquarie began coverage on Western Gas Partners, in a research note on Friday, April 21st. They set an “outperform” rating and a $51.00 price target on the stock. Finally, Scotiabank set a $61.00 price target on Western Gas Partners, and gave the company a “hold” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $61.54.
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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 in the United States.
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