Today: Today, Western Gas Partners, LP (WES) Given “Buy” Rating at Barclays PLC

Today, Western Gas Partners, LP (WES) Given “Buy” Rating at Barclays PLC

Western Gas Partners, LP (NYSE:WES)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays PLC in a report released on Tuesday. They presently have a $63.00 price objective on the stock. Barclays PLC’s price target suggests a potential upside of 11.25% from the stock’s current price.

Several other research analysts have also issued reports on the company. TheStreet lowered Western Gas Partners, from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Deutsche Bank AG restated a “buy” rating and set a $56.00 target price on shares of Western Gas Partners, in a research report on Thursday, October 6th. Zacks Investment Research upgraded Western Gas Partners, from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, October 19th. Royal Bank Of Canada boosted their target price on Western Gas Partners, from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Tuesday, October 11th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Western Gas Partners, in a research report on Thursday, July 28th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.06.

Western Gas Partners, (NYSE:WES) traded down 0.67% during mid-day trading on Tuesday, hitting $56.63. The company had a trading volume of 76,056 shares. The company has a 50 day moving average of $56.46 and a 200 day moving average of $51.71. Western Gas Partners, has a 1-year low of $25.40 and a 1-year high of $60.03. The firm’s market capitalization is $8.09 billion.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.05. The company earned $481.64 million during the quarter, compared to the consensus estimate of $462.31 million. During the same period in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts predict that Western Gas Partners, will post $2.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, October 31st were paid a $0.845 dividend. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.83. The ex-dividend date was Thursday, October 27th. This represents a $3.38 dividend on an annualized basis and a yield of 5.97%.

In other news, Director James R. Crane sold 129,914 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $50.86, for a total transaction of $6,607,426.04. Following the transaction, the director now directly owns 174,577 shares of the company’s stock, valued at $8,878,986.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James R. Crane sold 6,715 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $50.01, for a total value of $335,817.15. Following the transaction, the director now directly owns 299,648 shares in the company, valued at $14,985,396.48. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of WES. Linscomb & Williams Inc. increased its position in shares of Western Gas Partners, by 0.4% in the second quarter. Linscomb & Williams Inc. now owns 9,527 shares of the company’s stock worth $480,000 after buying an additional 42 shares during the last quarter. Sigma Planning Corp increased its position in shares of Western Gas Partners, by 1.0% in the third quarter. Sigma Planning Corp now owns 5,088 shares of the company’s stock worth $280,000 after buying an additional 51 shares during the last quarter. Signaturefd LLC increased its position in shares of Western Gas Partners, by 1.5% in the second quarter. Signaturefd LLC now owns 6,900 shares of the company’s stock worth $348,000 after buying an additional 100 shares during the last quarter. BB&T Corp increased its position in shares of Western Gas Partners, by 1.0% in the third quarter. BB&T Corp now owns 10,100 shares of the company’s stock worth $557,000 after buying an additional 100 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the company’s stock worth $123,000 after buying an additional 202 shares during the last quarter.

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