Several analysts have recently updated their ratings and price targets for Western Gas Partners, (NYSE: WES):
- 10/12/2016 – Western Gas Partners, had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $64.00 price target on the stock, up previously from $60.00.
- 10/11/2016 – Western Gas Partners, had its price target raised by analysts at Royal Bank Of Canada from $60.00 to $64.00. They now have an “outperform” rating on the stock.
- 10/10/2016 – Western Gas Partners, had its price target raised by analysts at Barclays PLC from $60.00 to $63.00. They now have an “overweight” rating on the stock.
- 10/6/2016 – Western Gas Partners, had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $56.00 price target on the stock.
Western Gas Partners, LP (NYSE:WES) traded down 0.13% during trading on Friday, reaching $55.75. The company’s stock had a trading volume of 98,220 shares. Western Gas Partners, LP has a 1-year low of $25.40 and a 1-year high of $56.65. The company’s 50 day moving average price is $51.69 and its 200-day moving average price is $49.36. The stock has a market cap of $7.95 billion, a P/E ratio of 329.88 and a beta of 0.96.
Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. The business earned $428.70 million during the quarter, compared to analyst estimates of $438.63 million. During the same period in the previous year, the business earned $0.44 earnings per share. The business’s quarterly revenue was down 8.0% on a year-over-year basis. Equities analysts forecast that Western Gas Partners, LP will post $1.89 earnings per share for the current fiscal year.
In other news, Director James R. Crane sold 129,914 shares of the stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $50.86, for a total transaction of $6,607,426.04. Following the transaction, the director now owns 174,577 shares in the company, valued at $8,878,986.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David J. Tudor sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $49.12, for a total value of $196,480.00. Following the transaction, the director now owns 8,898 shares in the company, valued at approximately $437,069.76. The disclosure for this sale can be found here.
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 for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.
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