Western Gas Partners, LP (WES) to Release Quarterly Earnings on Monday
Western Gas Partners, LP (NYSE:WES) will announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.
Western Gas Partners, (NYSE:WES) last posted its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $525.45 million for the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. On average, analysts expect Western Gas Partners, to post $1.42 EPS for the current fiscal year and $2.28 EPS for the next fiscal year.
Western Gas Partners, LP (NYSE:WES) opened at 49.20 on Monday. The stock has a market capitalization of $7.51 billion, a PE ratio of 35.17 and a beta of 1.17. Western Gas Partners, LP has a 12-month low of $48.04 and a 12-month high of $67.44. The company’s 50-day moving average is $51.22 and its 200 day moving average is $54.02.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Thursday, November 2nd will be issued a $0.905 dividend. The ex-dividend date is Wednesday, November 1st. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.89. This represents a $3.62 annualized dividend and a dividend yield of 7.36%. Western Gas Partners,’s payout ratio is 256.12%.
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WES has been the subject of several research reports. Scotiabank set a $61.00 price target on shares of Western Gas Partners, and gave the company a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and set a $60.00 target price on shares of Western Gas Partners, in a research note on Friday, July 14th. BidaskClub raised shares of Western Gas Partners, from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research note on Tuesday, July 25th. Finally, TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $61.36.
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 in the United States.
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