Western Gas Partners, LP (NYSE:WES) was the target of unusually large options trading on Monday. Investors purchased 3,716 put options on the stock. This represents an increase of 2,099% compared to the average daily volume of 169 put options.
Shares of Western Gas Partners (WES) traded down $0.79 on Wednesday, reaching $46.37. 137,518 shares of the company’s stock were exchanged, compared to its average volume of 649,598. Western Gas Partners has a 1 year low of $42.68 and a 1 year high of $61.78. 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 company has a market capitalization of $7,080.00, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12.
Western Gas Partners (NYSE:WES) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.08). Western Gas Partners had a net margin of 25.24% and a return on equity of 14.38%. The firm had revenue of $632.02 million during the quarter, compared to the consensus estimate of $569.17 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was up 23.7% on a year-over-year basis. analysts expect that Western Gas Partners will post 2.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, February 1st were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from Western Gas Partners’s previous quarterly dividend of $0.91. Western Gas Partners’s payout ratio is 289.76%.
Several analysts recently issued reports on WES shares. Stifel Nicolaus set a $62.00 price objective on Western Gas Partners and gave the stock a “buy” rating in a report on Tuesday, February 20th. Royal Bank of Canada restated a “buy” rating and set a $61.00 target price on shares of Western Gas Partners in a report on Tuesday, January 16th. UBS Group restated a “buy” rating and set a $61.00 target price (up from $59.00) on shares of Western Gas Partners in a report on Friday, March 2nd. Barclays downgraded Western Gas Partners from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $62.00 to $54.00 in a research report on Wednesday, January 17th. Finally, Morgan Stanley lowered their price target on Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Western Gas Partners currently has an average rating of “Hold” and a consensus price target of $57.77.
A number of hedge funds have recently bought and sold shares of WES. Ffcm LLC bought a new position in Western Gas Partners in the 3rd quarter worth approximately $113,000. Penserra Capital Management LLC bought a new position in Western Gas Partners in the 3rd quarter worth approximately $142,000. Jane Street Group LLC bought a new position in Western Gas Partners in the 4th quarter worth approximately $204,000. Lucas Capital Management bought a new position in Western Gas Partners in the 4th quarter worth approximately $206,000. Finally, The Manufacturers Life Insurance Company raised its position in Western Gas Partners by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,954 shares of the pipeline company’s stock worth $221,000 after purchasing an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 58.97% of the company’s stock.
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.
Receive News & Ratings for Western Gas Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Partners and related companies with MarketBeat.com's FREE daily email newsletter.