TheStreet Lowers Western Gas Partners, LP (WES) to C+

TheStreet downgraded shares of Western Gas Partners, LP (NYSE:WES) from a b- rating to a c+ rating in a report released on Monday.

Several other research analysts also recently issued reports on WES. Barclays PLC lowered their price objective on Western Gas Partners, from $63.00 to $62.00 and set an overweight rating for the company in a research note on Thursday, November 2nd. Morgan Stanley lowered their price objective on Western Gas Partners, from $57.00 to $52.00 and set an equal weight rating for the company in a research note on Thursday, November 2nd. Zacks Investment Research downgraded Western Gas Partners, from a buy rating to a hold rating in a research note on Thursday, November 2nd. Stifel Nicolaus raised Western Gas Partners, from a hold rating to a buy rating and set a $54.00 price objective for the company in a research note on Wednesday, October 25th. Finally, BidaskClub downgraded Western Gas Partners, from a sell rating to a strong sell rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Western Gas Partners, currently has a consensus rating of Hold and a consensus price target of $59.64.

Western Gas Partners, (WES) opened at $46.18 on Monday. Western Gas Partners, has a 52 week low of $45.34 and a 52 week high of $67.44. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $7,205.87, a P/E ratio of 38.39, a PEG ratio of 5.77 and a beta of 1.18.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.16). Western Gas Partners, had a net margin of 26.41% and a return on equity of 14.68%. The firm had revenue of $574.70 million during the quarter, compared to analyst estimates of $536.01 million. During the same period in the prior year, the company earned $0.54 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. analysts expect that Western Gas Partners, will post 1.37 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.905 per share. This represents a $3.62 dividend on an annualized basis and a dividend yield of 7.84%. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.89. The ex-dividend date is Wednesday, November 1st. Western Gas Partners,’s dividend payout ratio is presently 294.31%.

Several institutional investors have recently bought and sold shares of WES. Center Coast Capital Advisors LP boosted its holdings in shares of Western Gas Partners, by 67.0% during the 3rd quarter. Center Coast Capital Advisors LP now owns 4,061,697 shares of the pipeline company’s stock worth $208,284,000 after buying an additional 1,629,760 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Western Gas Partners, by 16.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,319,167 shares of the pipeline company’s stock worth $409,434,000 after buying an additional 1,024,568 shares in the last quarter. Harvest Fund Advisors LLC bought a new position in shares of Western Gas Partners, during the 3rd quarter worth approximately $35,643,000. ING Groep NV bought a new position in shares of Western Gas Partners, during the 3rd quarter worth approximately $28,768,000. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in shares of Western Gas Partners, by 4.5% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 11,649,319 shares of the pipeline company’s stock worth $651,663,000 after buying an additional 499,048 shares in the last quarter. Hedge funds and other institutional investors own 60.00% of the company’s stock.

About Western Gas Partners,

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.

Analyst Recommendations for Western Gas Partners, (NYSE:WES)

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