Western Gas Partners, LP (NYSE:WES) shares saw unusually-high trading volume on Monday . Approximately 542,046 shares changed hands during trading, an increase of 65% from the previous session’s volume of 329,451 shares.The stock last traded at $48.91 and had previously closed at $49.11.

Several analysts recently commented on WES shares. Drexel Hamilton reaffirmed a “buy” rating and set a $51.00 target price on shares of Western Gas Partners, in a report on Tuesday, April 12th. Wunderlich lifted their target price on shares of Western Gas Partners, from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, April 8th. Capital One Financial Corp. downgraded shares of Western Gas Partners, from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 4th. TheStreet raised shares of Western Gas Partners, from a “sell” rating to a “hold” rating in a report on Friday, April 1st. Finally, Zacks Investment Research raised shares of Western Gas Partners, from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $54.83.

The stock has a 50-day moving average price of $49.34 and a 200-day moving average price of $43.31. The company has a market capitalization of $6.96 billion and a price-to-earnings ratio of 730.00.

Western Gas Partners, (NYSE:WES) last issued its earnings results on Tuesday, May 3rd. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.39 by $0.08. The company had revenue of $383.14 million for the quarter, compared to the consensus estimate of $411.68 million. During the same quarter last year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Western Gas Partners, LP will post $1.94 earnings per share for the current year.

In related news, CEO Donald R. Sinclair sold 10,000 shares of Western Gas Partners, stock in a transaction on Friday, June 17th. The shares were sold at an average price of $46.90, for a total value of $469,000.00. Following the transaction, the chief executive officer now directly owns 64,194 shares of the company’s stock, valued at $3,010,698.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James R. Crane sold 36,915 shares of Western Gas Partners, stock in a transaction on Monday, July 11th. The stock was sold at an average price of $50.41, for a total transaction of $1,860,885.15. Following the completion of the transaction, the director now directly owns 494,144 shares in the company, valued at $24,909,799.04. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new position in shares of Western Gas Partners, during the fourth quarter valued at approximately $1,337,000. Chickasaw Capital Management LLC increased its position in shares of Western Gas Partners, by 15.2% in the fourth quarter. Chickasaw Capital Management LLC now owns 1,849,165 shares of the company’s stock worth $87,891,000 after buying an additional 243,908 shares during the last quarter. RR Advisors LLC increased its position in shares of Western Gas Partners, by 2.9% in the fourth quarter. RR Advisors LLC now owns 1,455,000 shares of the company’s stock worth $69,136,000 after buying an additional 41,000 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Western Gas Partners, by 26.7% in the fourth quarter. Advisors Asset Management Inc. now owns 45,151 shares of the company’s stock worth $2,146,000 after buying an additional 9,525 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Western Gas Partners, by 22.5% in the fourth quarter. First Trust Advisors LP now owns 93,792 shares of the company’s stock worth $4,458,000 after buying an additional 17,217 shares during the last quarter.

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.

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