Western Gas Partners LP (WES) Receives $52.58 Consensus Target Price from Analysts

Western Gas Partners LP (NYSE:WES) has earned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $52.75.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reissued a “buy” rating and issued a $61.00 target price on shares of Western Gas Partners in a report on Tuesday, January 16th. Zacks Investment Research cut Western Gas Partners from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Barclays cut Western Gas Partners from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $62.00 to $54.00 in a report on Wednesday, January 17th. Credit Suisse Group assumed coverage on Western Gas Partners in a report on Thursday, January 4th. They issued a “neutral” rating and a $49.00 target price for the company. Finally, Scotiabank reissued a “hold” rating and issued a $58.00 target price on shares of Western Gas Partners in a report on Monday, January 29th.

Shares of WES traded up $0.73 during mid-day trading on Thursday, reaching $47.37. The company had a trading volume of 584,904 shares, compared to its average volume of 599,243. Western Gas Partners has a twelve month low of $40.44 and a twelve month high of $59.53. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7,048.69, a PE ratio of 36.28, a PEG ratio of 3.53 and a beta of 1.13.



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 Zacks’ consensus estimate of $0.47 by ($0.08). Western Gas Partners had a return on equity of 14.38% and a net margin of 25.24%. The company had revenue of $632.02 million during the quarter, compared to analyst estimates of $569.17 million. During the same period in the previous year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. sell-side analysts forecast that Western Gas Partners will post 2.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Wednesday, May 2nd will be given a dividend of $0.935 per share. The ex-dividend date is Tuesday, May 1st. This is a positive change from Western Gas Partners’s previous quarterly dividend of $0.92. This represents a $3.74 dividend on an annualized basis and a yield of 7.90%. Western Gas Partners’s dividend payout ratio is 283.08%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Western Gas Partners during the 4th quarter worth approximately $204,000. Lucas Capital Management bought a new position in Western Gas Partners in the 4th quarter valued at $206,000. First Capital Advisors Group LLC. bought a new position in Western Gas Partners in the 4th quarter valued at $231,000. Frontier Investment Mgmt Co. bought a new position in Western Gas Partners in the 4th quarter valued at $231,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Western Gas Partners in the 4th quarter valued at $250,000. Institutional investors and hedge funds own 59.79% of the company’s stock.

About Western Gas Partners

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.

Analyst Recommendations for Western Gas Partners (NYSE:WES)

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