Western Gas Partners, LP (NYSE:WES) – Investment analysts at Seaport Global Securities issued their Q3 2017 earnings per share (EPS) estimates for Western Gas Partners, in a research report issued on Tuesday. Seaport Global Securities analyst B. Colson anticipates that the pipeline company will post earnings per share of $0.28 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $64.00 price target on the stock. Seaport Global Securities also issued estimates for Western Gas Partners,’s FY2017 earnings at $1.11 EPS.

WES has been the topic of several other research reports. BidaskClub lowered Western Gas Partners, from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Scotiabank set a $61.00 target price on Western Gas Partners, and gave the company a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 target price on shares of Western Gas Partners, in a report on Friday, July 14th. Zacks Investment Research raised Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a report on Tuesday, July 25th. Finally, TheStreet raised Western Gas Partners, from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.91.

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Shares of Western Gas Partners, (NYSE:WES) opened at 52.15 on Wednesday. Western Gas Partners, has a 52 week low of $48.04 and a 52 week high of $67.44. The firm’s 50-day moving average is $51.02 and its 200 day moving average is $54.46. The firm has a market cap of $7.96 billion, a PE ratio of 37.28 and a beta of 1.17.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The company had revenue of $525.45 million during the quarter, compared to analyst estimates of $488.21 million. During the same period in the prior year, the business posted $0.55 EPS. Western Gas Partners,’s revenue was up 22.6% compared to the same quarter last year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC boosted its stake in shares of Western Gas Partners, by 60.2% during the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock valued at $139,000 after acquiring an additional 900 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Western Gas Partners, during the second quarter valued at $136,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Western Gas Partners, during the first quarter valued at $181,000. Biondo Investment Advisors LLC acquired a new stake in shares of Western Gas Partners, during the second quarter valued at $232,000. Finally, Signature Financial Management Inc. boosted its stake in shares of Western Gas Partners, by 9.6% during the second quarter. Signature Financial Management Inc. now owns 3,725 shares of the pipeline company’s stock valued at $208,000 after acquiring an additional 325 shares during the last quarter. 59.35% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Western Gas Partners, (NYSE:WES)

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