Comparing Western Gas Partners, (WES) and Its Peers
Western Gas Partners, (NYSE: WES) is one of 39 publicly-traded companies in the “Oil & Gas Refining and Marketing” industry, but how does it weigh in compared to its competitors? We will compare Western Gas Partners, to similar companies based on the strength of its risk, valuation, earnings, institutional ownership, profitability, analyst recommendations and dividends.
This table compares Western Gas Partners, and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Western Gas Partners,||28.81%||15.80%||7.66%|
|Western Gas Partners, Competitors||-1.10%||2.20%||1.46%|
This is a breakdown of recent recommendations and price targets for Western Gas Partners, and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Western Gas Partners,||1||3||7||0||2.55|
|Western Gas Partners, Competitors||369||1747||2160||111||2.46|
Western Gas Partners, presently has a consensus price target of $61.40, indicating a potential upside of 28.21%. As a group, “Oil & Gas Refining and Marketing” companies have a potential upside of 7.83%. Given Western Gas Partners,’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Western Gas Partners, is more favorable than its competitors.
Insider and Institutional Ownership
59.6% of Western Gas Partners, shares are owned by institutional investors. Comparatively, 47.3% of shares of all “Oil & Gas Refining and Marketing” companies are owned by institutional investors. 0.0% of Western Gas Partners, shares are owned by company insiders. Comparatively, 11.7% of shares of all “Oil & Gas Refining and Marketing” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Valuation & Earnings
This table compares Western Gas Partners, and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Western Gas Partners,||$2.03 billion||$933.45 million||34.45|
|Western Gas Partners, Competitors||$45.55 billion||$4.41 billion||21.80|
Western Gas Partners,’s competitors have higher revenue and earnings than Western Gas Partners,. Western Gas Partners, is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Western Gas Partners, pays an annual dividend of $3.56 per share and has a dividend yield of 7.4%. Western Gas Partners, pays out 256.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Oil & Gas Refining and Marketing” companies pay a dividend yield of 5.0% and pay out 593.5% of their earnings in the form of a dividend. Western Gas Partners, has increased its dividend for 9 consecutive years. Western Gas Partners, is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Volatility & Risk
Western Gas Partners, has a beta of 1.17, indicating that its share price is 17% more volatile than the S&P 500. Comparatively, Western Gas Partners,’s competitors have a beta of 1.30, indicating that their average share price is 30% more volatile than the S&P 500.
Western Gas Partners, beats its competitors on 10 of the 15 factors compared.
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. The Company provides midstream services for Anadarko Petroleum Corporation (Anadarko), as well as for third-party producers and customers. The Company’s operations and activities are managed by its general partner, which is indirectly controlled by Anadarko through Western Gas Equity Partners, LP (WGP). As of December 31, 2016, its assets and investments consisted of gathering systems, treating facilities, natural gas processing plants/trains, NGL pipelines, natural gas pipelines and oil pipelines. These assets and investments are located in the Rocky Mountains (Colorado, Utah and Wyoming), North-central Pennsylvania and Texas.
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