Western Gas Partners, LP (NYSE:WES) – Equities research analysts at Capital One Financial Corp. dropped their Q3 2016 earnings per share estimates for Western Gas Partners, in a research report issued on Friday. Capital One Financial Corp. analyst C. Marshall now anticipates that the brokerage will post earnings of $0.45 per share for the quarter, down from their prior forecast of $0.46. Capital One Financial Corp. also issued estimates for Western Gas Partners,’s Q4 2016 earnings at $0.43 EPS, Q1 2017 earnings at $0.48 EPS, Q2 2017 earnings at $0.57 EPS, Q3 2017 earnings at $0.61 EPS, Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.31 EPS, Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.69 EPS and Q3 2018 earnings at $0.73 EPS.

Western Gas Partners, (NYSE:WES) last issued its earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. The business earned $428.70 million during the quarter, compared to analysts’ expectations of $438.63 million. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue was down 8.0% on a year-over-year basis.

Earnings History and Estimates for Western Gas Partners, (NYSE:WES)

Other analysts also recently issued reports about the stock. Barclays PLC boosted their target price on shares of Western Gas Partners, from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday. Mitsubishi UFJ Financial Group assumed coverage on shares of Western Gas Partners, in a report on Friday, June 17th. They issued a “neutral” rating and a $59.00 target price on the stock. Janney Montgomery Scott assumed coverage on shares of Western Gas Partners, in a report on Friday, July 29th. They issued a “buy” rating and a $60.00 target price on the stock. Zacks Investment Research downgraded shares of Western Gas Partners, from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, TheStreet upgraded shares of Western Gas Partners, from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.71.

Western Gas Partners, (NYSE:WES) opened at 55.07 on Monday. Western Gas Partners, has a 52 week low of $25.40 and a 52 week high of $56.11. The stock has a market cap of $7.85 billion, a P/E ratio of 325.86 and a beta of 0.96. The stock has a 50 day moving average of $51.27 and a 200-day moving average of $49.24.

A number of hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the company’s stock valued at $123,000 after buying an additional 202 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Western Gas Partners, during the second quarter worth $208,000. Balentine LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth $227,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth $243,000. Finally, Trust Co. of Vermont boosted its stake in shares of Western Gas Partners, by 7.9% in the second quarter. Trust Co. of Vermont now owns 5,396 shares of the company’s stock worth $272,000 after buying an additional 396 shares during the last quarter.

In other Western Gas Partners, news, Director David J. Tudor sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $49.12, for a total value of $196,480.00. Following the completion of the sale, the director now directly owns 8,898 shares of the company’s stock, valued at $437,069.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Crane sold 129,914 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 174,577 shares of the company’s stock, valued at $8,878,986.22. The disclosure for this sale can be found here.

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 for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.

5 Day Chart for NYSE:WES

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