Western Gas Partners, LP (WES) Now Covered by Seaport Global Securities

Research analysts at Seaport Global Securities assumed coverage on shares of Western Gas Partners, LP (NYSE:WES) in a research report issued on Tuesday. The firm set a “buy” rating on the pipeline company’s stock.

A number of other analysts have also weighed in on the company. BidaskClub lowered Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered Western Gas Partners, from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 29th. Scotiabank set a $61.00 price objective on Western Gas Partners, and gave the company a “hold” rating in a research note on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price objective on shares of Western Gas Partners, in a research note on Friday, July 14th. Finally, TheStreet raised Western Gas Partners, from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.70.

Western Gas Partners, (NYSE WES) opened at 52.30 on Tuesday. The firm’s 50-day moving average is $50.91 and its 200 day moving average is $54.52. Western Gas Partners, has a 12-month low of $48.04 and a 12-month high of $67.44. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 37.38 and a beta of 1.17.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $525.45 million for the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, equities analysts expect that Western Gas Partners, will post $1.52 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Good Life Advisors LLC bought a new position in Western Gas Partners, in the second quarter worth $239,000. Marshall Wace North America L.P. bought a new position in Western Gas Partners, in the second quarter worth $5,279,000. Creative Planning raised its holdings in Western Gas Partners, by 34.5% in the second quarter. Creative Planning now owns 243,628 shares of the pipeline company’s stock worth $13,629,000 after purchasing an additional 62,426 shares in the last quarter. KCG Holdings Inc. raised its holdings in Western Gas Partners, by 14.9% in the first quarter. KCG Holdings Inc. now owns 8,742 shares of the pipeline company’s stock worth $528,000 after purchasing an additional 1,136 shares in the last quarter. Finally, K

A number of other analysts have also weighed in on the company. BidaskClub lowered Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered Western Gas Partners, from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 29th. Scotiabank set a $61.00 price objective on Western Gas Partners, and gave the company a “hold” rating in a research note on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price objective on shares of Western Gas Partners, in a research note on Friday, July 14th. Finally, TheStreet raised Western Gas Partners, from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.70.

Western Gas Partners, (NYSE WES) opened at 52.30 on Tuesday. The firm’s 50-day moving average is $50.91 and its 200 day moving average is $54.52. Western Gas Partners, has a 12-month low of $48.04 and a 12-month high of $67.44. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 37.38 and a beta of 1.17.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $525.45 million for the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, equities analysts expect that Western Gas Partners, will post $1.52 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/western-gas-partners-lp-wes-now-covered-by-seaport-global-securities.html.

Hedge funds have recently made changes to their positions in the stock. Good Life Advisors LLC bought a new position in Western Gas Partners, in the second quarter worth $239,000. Marshall Wace North America L.P. bought a new position in Western Gas Partners, in the second quarter worth $5,279,000. Creative Planning raised its holdings in Western Gas Partners, by 34.5% in the second quarter. Creative Planning now owns 243,628 shares of the pipeline company’s stock worth $13,629,000 after purchasing an additional 62,426 shares in the last quarter. KCG Holdings Inc. raised its holdings in Western Gas Partners, by 14.9% in the first quarter. KCG Holdings Inc. now owns 8,742 shares of the pipeline company’s stock worth $528,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in Western Gas Partners, by 101.4% in the second quarter. Keybank National Association OH now owns 9,655 shares of the pipeline company’s stock worth $540,000 after purchasing an additional 4,860 shares in the last quarter. 59.35% of the stock is owned by institutional investors.

About Western Gas Partners,

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.

Analyst Recommendations for Western Gas Partners, (NYSE:WES)

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