Western Gas Partners, LP (NYSE:WES)’s share price rose 2.1% during mid-day trading on Friday . The company traded as high as $50.17 and last traded at $49.38, with a volume of 169,407 shares traded. The stock had previously closed at $48.35.

A number of equities research analysts recently weighed in on WES shares. Zacks Investment Research cut Western Gas Partners, from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Capital One Financial Corp. cut Western Gas Partners, from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 4th. Mitsubishi UFJ Financial Group started coverage on Western Gas Partners, in a research note on Friday, June 17th. They set a “neutral” rating and a $59.00 price objective for the company. Credit Suisse Group AG restated a “hold” rating on shares of Western Gas Partners, in a research note on Thursday, July 28th. Finally, TheStreet upgraded Western Gas Partners, from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $53.25.

The company has a 50 day moving average of $49.43 and a 200-day moving average of $44.60. The company has a market cap of $7.07 billion and a PE ratio of 293.20.

Western Gas Partners, (NYSE:WES) last posted its earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business had revenue of $428.70 million for the quarter, compared to analyst estimates of $438.63 million. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities research analysts predict that Western Gas Partners, LP will post $1.80 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 1st will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $3.26 annualized dividend and a yield of 6.58%.

In related news, CEO Donald R. Sinclair sold 10,000 shares of Western Gas Partners, stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $46.90, for a total transaction of $469,000.00. Following the sale, the chief executive officer now directly owns 64,194 shares in the company, valued at approximately $3,010,698.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James R. Crane sold 55,406 shares of Western Gas Partners, stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $50.23, for a total transaction of $2,783,043.38. Following the sale, the director now owns 361,669 shares in the company, valued at $18,166,633.87. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of WES. Ancora Advisors LLC increased its stake in Western Gas Partners, by 1.7% in the fourth quarter. Ancora Advisors LLC now owns 17,360 shares of the company’s stock valued at $1,268,000 after buying an additional 283 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Western Gas Partners, during the fourth quarter valued at approximately $1,009,000. Kayne Anderson Capital Advisors LP increased its stake in Western Gas Partners, by 11.9% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 9,465,850 shares of the company’s stock valued at $449,893,000 after buying an additional 1,005,525 shares in the last quarter. Chickasaw Capital Management LLC increased its stake in 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 valued at $87,891,000 after buying an additional 243,908 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Western Gas Partners, by 26.7% in the fourth quarter. Advisors Asset Management Inc. now owns 45,151 shares of the company’s stock valued at $2,146,000 after buying an additional 9,525 shares in 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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