Shares of Western Gas Partners LP (NYSE:WES) traded up 5.4% during trading on Monday . The company traded as high as $46.39 and last traded at $46.37. 590,151 shares changed hands during trading, a decline of 4% from the average session volume of 613,113 shares. The stock had previously closed at $43.99.
A number of analysts recently commented on the company. Seaport Global Securities lowered Western Gas Partners from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $59.00 to $41.00 in a report on Monday, April 9th. Bank of America lowered their target price on Western Gas Partners from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 27th. Citigroup upgraded Western Gas Partners from a “neutral” rating to a “buy” rating and lowered their target price for the company from $55.00 to $46.00 in a research note on Tuesday, March 27th. JPMorgan Chase restated an “overweight” rating and issued a $59.00 target price (up from $57.00) on shares of Western Gas Partners in a research note on Wednesday, March 14th. Finally, Barclays restated a “hold” rating and issued a $53.00 target price (down from $54.00) on shares of Western Gas Partners in a research note on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Western Gas Partners currently has an average rating of “Hold” and a consensus price target of $54.29.
The company has a market cap of $6,712.97, a PE ratio of 35.67, a price-to-earnings-growth ratio of 3.27 and a beta of 1.13. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.87.
Western Gas Partners (NYSE:WES) last issued its earnings results on Thursday, February 15th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.08). The firm had revenue of $632.02 million during the quarter, compared to the consensus estimate of $569.17 million. Western Gas Partners had a net margin of 25.24% and a return on equity of 14.38%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. equities analysts forecast that Western Gas Partners LP will post 2.24 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of Western Gas Partners in the fourth quarter valued at $250,000. PVG Asset Management Corp purchased a new position in shares of Western Gas Partners in the fourth quarter valued at $541,000. Lake Street Advisors Group LLC purchased a new position in shares of Western Gas Partners in the fourth quarter valued at $251,000. Cypress Wealth Advisors LLC purchased a new position in shares of Western Gas Partners in the fourth quarter valued at $1,358,000. Finally, Jane Street Group LLC purchased a new position in shares of Western Gas Partners in the fourth quarter valued at $204,000. Institutional investors own 58.95% of the company’s stock.
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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.