Western Gas Partners (NYSE:WES) had its price target upped by Barclays from $45.00 to $49.00 in a report released on Tuesday, June 12th, Marketbeat reports. The brokerage currently has a hold rating on the pipeline company’s stock.
Several other research firms have also commented on WES. Bank of America increased their price target on shares of Western Gas Partners from $47.00 to $53.00 and gave the company a neutral rating in a research report on Tuesday, June 5th. ValuEngine lowered shares of Western Gas Partners from a hold rating to a sell rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Western Gas Partners from a sell rating to a hold rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. restated an overweight rating and set a $59.00 price objective (up previously from $57.00) on shares of Western Gas Partners in a report on Wednesday, March 14th. Finally, Seaport Global Securities downgraded shares of Western Gas Partners from a buy rating to a neutral rating and cut their price objective for the company from $59.00 to $41.00 in a report on Monday, April 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Western Gas Partners currently has a consensus rating of Hold and a consensus price target of $53.62.
WES stock opened at $48.67 on Tuesday. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 3.81 and a beta of 1.14. Western Gas Partners has a one year low of $40.44 and a one year high of $57.15. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.08.
Western Gas Partners (NYSE:WES) last released its quarterly earnings results on Tuesday, May 1st. The pipeline company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.10). The firm had revenue of $437.17 million for the quarter, compared to analysts’ expectations of $622.09 million. Western Gas Partners had a net margin of 28.35% and a return on equity of 15.44%. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. analysts predict that Western Gas Partners will post 2.14 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. Diversified Trust Co increased its holdings in Western Gas Partners by 8.6% in the 1st quarter. Diversified Trust Co now owns 27,313 shares of the pipeline company’s stock worth $1,165,000 after buying an additional 2,170 shares during the period. Suntrust Banks Inc. acquired a new position in Western Gas Partners in the 1st quarter worth approximately $575,000. Allianz Asset Management GmbH increased its holdings in Western Gas Partners by 71.9% in the 1st quarter. Allianz Asset Management GmbH now owns 32,970 shares of the pipeline company’s stock worth $1,407,000 after buying an additional 13,785 shares during the period. Summit Trail Advisors LLC increased its holdings in Western Gas Partners by 2,329.2% in the 1st quarter. Summit Trail Advisors LLC now owns 1,245,133 shares of the pipeline company’s stock worth $1,245,000 after buying an additional 1,193,877 shares during the period. Finally, Brookfield Asset Management Inc. increased its holdings in Western Gas Partners by 6,484.5% in the 1st quarter. Brookfield Asset Management Inc. now owns 4,313,506 shares of the pipeline company’s stock worth $184,057,000 after buying an additional 4,247,996 shares during the period. Institutional investors own 59.70% of the company’s stock.
Western Gas Partners Company Profile
Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.
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