Western Gas Partners (WES) Set to Announce Quarterly Earnings on Tuesday

Western Gas Partners (NYSE:WES) is scheduled to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Western Gas Partners to post earnings of $0.48 per share for the quarter.

Shares of Western Gas Partners (NYSE WES) opened at $48.79 on Tuesday. The company has a market capitalization of $7,450.00, a PE ratio of 36.68, a P/E/G ratio of 3.48 and a beta of 1.09. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. Western Gas Partners has a fifty-two week low of $42.68 and a fifty-two week high of $67.44.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Thursday, February 1st will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Western Gas Partners’s previous quarterly dividend of $0.91. Western Gas Partners’s dividend payout ratio is currently 276.69%.

A number of equities research analysts recently commented on the company. Scotiabank reiterated a “hold” rating and issued a $61.00 price objective on shares of Western Gas Partners in a report on Wednesday, October 25th. Zacks Investment Research downgraded Western Gas Partners from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Morgan Stanley dropped their price objective on Western Gas Partners from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Barclays dropped their price objective on Western Gas Partners from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Finally, ValuEngine downgraded Western Gas Partners from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.08.

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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.

Earnings History for Western Gas Partners (NYSE:WES)

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