Western Gas Partners Sees Unusually High Options Volume (WES)

Western Gas Partners, LP (NYSE:WES) was the recipient of some unusual options trading on Tuesday. Investors purchased 992 call options on the company. This is an increase of 589% compared to the average volume of 144 call options.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in Western Gas Partners by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 86,636 shares of the pipeline company’s stock worth $4,846,000 after purchasing an additional 1,017 shares in the last quarter. Comerica Bank increased its holdings in shares of Western Gas Partners by 5.1% in the 2nd quarter. Comerica Bank now owns 6,817 shares of the pipeline company’s stock worth $361,000 after buying an additional 330 shares during the last quarter. BB&T Securities LLC grew its holdings in Western Gas Partners by 20.6% during the 2nd quarter. BB&T Securities LLC now owns 8,186 shares of the pipeline company’s stock valued at $457,000 after purchasing an additional 1,401 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Western Gas Partners during the 2nd quarter valued at about $5,279,000. Finally, Evergreen Capital Management LLC grew its holdings in Western Gas Partners by 18.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 105,599 shares of the pipeline company’s stock valued at $5,907,000 after purchasing an additional 16,480 shares during the last quarter. Institutional investors own 61.76% of the company’s stock.

WES has been the topic of a number of recent research reports. Scotiabank reaffirmed a “hold” rating and set a $61.00 price objective on shares of Western Gas Partners in a research note on Wednesday, October 25th. Barclays dropped their target price on shares of Western Gas Partners from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Morgan Stanley lowered their price objective on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Seaport Global Securities started coverage on shares of Western Gas Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $64.00 price objective for the company. Finally, TheStreet lowered shares of Western Gas Partners from a “b-” rating to a “c+” rating in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Western Gas Partners has an average rating of “Hold” and a consensus price target of $58.67.

Western Gas Partners (NYSE:WES) opened at $53.86 on Friday. The firm has a market cap of $8,220.00, a price-to-earnings ratio of 40.50, a PEG ratio of 3.81 and a beta of 1.14. Western Gas Partners has a one year low of $42.68 and a one year high of $67.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91.

Western Gas Partners (NYSE:WES) last issued its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.16). Western Gas Partners had a return on equity of 14.68% and a net margin of 26.41%. The business had revenue of $574.70 million for the quarter, compared to analysts’ expectations of $536.01 million. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. equities research analysts forecast that Western Gas Partners will post 1.44 earnings per share for the current fiscal year.

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Western Gas Partners Company Profile

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.

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