Western Gas Partners, LP (WES) Short Interest Update

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Western Gas Partners, LP (NYSE:WES) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,495,931 shares, a decrease of 38.4% from the August 15th total of 2,428,642 shares. Based on an average daily volume of 532,234 shares, the short-interest ratio is presently 2.8 days. Approximately 1.5% of the shares of the company are sold short.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in Western Gas Partners by 3.2% during the second quarter. Northern Trust Corp now owns 40,042 shares of the pipeline company’s stock valued at $1,938,000 after acquiring an additional 1,259 shares in the last quarter. Summit Equities Inc grew its stake in Western Gas Partners by 8.8% during the first quarter. Summit Equities Inc now owns 16,150 shares of the pipeline company’s stock valued at $689,000 after acquiring an additional 1,313 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Western Gas Partners by 20.4% during the second quarter. Segall Bryant & Hamill LLC now owns 8,185 shares of the pipeline company’s stock valued at $396,000 after acquiring an additional 1,385 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Western Gas Partners by 2.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 77,571 shares of the pipeline company’s stock valued at $3,754,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Cbre Clarion Securities LLC grew its stake in Western Gas Partners by 3.3% during the second quarter. Cbre Clarion Securities LLC now owns 57,153 shares of the pipeline company’s stock valued at $2,766,000 after acquiring an additional 1,800 shares in the last quarter. 59.79% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Citigroup increased their price target on shares of Western Gas Partners from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Morgan Stanley decreased their price target on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Friday, August 17th. Zacks Investment Research upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, July 26th. Finally, Barclays raised their price objective on shares of Western Gas Partners from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 29th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.57.

Shares of WES stock traded down $0.85 on Friday, hitting $45.95. 861,554 shares of the stock traded hands, compared to its average volume of 586,711. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 3.98 and a beta of 1.30. Western Gas Partners has a 52 week low of $40.44 and a 52 week high of $54.40. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.51.

Western Gas Partners (NYSE:WES) last announced its quarterly earnings data on Tuesday, July 31st. The pipeline company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The firm had revenue of $435.95 million for the quarter. Western Gas Partners had a net margin of 22.80% and a return on equity of 12.18%. Equities research analysts expect that Western Gas Partners will post 1.83 earnings per share for the current fiscal year.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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