Western Gas Partners, LP (NYSE:WES) Director David J. Tudor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $49.12, for a total transaction of $196,480.00. Following the completion of the sale, the director now owns 8,898 shares in the company, valued at $437,069.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Western Gas Partners, LP (NYSE:WES) opened at 49.31 on Tuesday. Western Gas Partners, LP has a one year low of $25.40 and a one year high of $54.35. The company has a 50-day moving average price of $49.72 and a 200-day moving average price of $48.00. The firm has a market capitalization of $7.03 billion, a P/E ratio of 291.78 and a beta of 0.96.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The firm earned $428.70 million during the quarter, compared to analysts’ expectations of $438.63 million. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. On average, equities research analysts anticipate that Western Gas Partners, LP will post $1.88 EPS for the current year.

Several analysts recently issued reports on the stock. Credit Suisse Group AG restated a “hold” rating on shares of Western Gas Partners, in a report on Thursday, July 28th. Janney Montgomery Scott initiated coverage on Western Gas Partners, in a research report on Friday, July 29th. They issued a “buy” rating and a $60.00 target price for the company. TheStreet raised Western Gas Partners, from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research raised Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research report on Tuesday, July 26th. Finally, Mitsubishi UFJ Financial Group initiated coverage on Western Gas Partners, in a research report on Friday, June 17th. They issued a “neutral” rating and a $59.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Western Gas Partners, presently has a consensus rating of “Hold” and a consensus target price of $52.13.

Institutional investors have recently added to or reduced their stakes in the company. Center Coast Capital Advisors LP increased its position in Western Gas Partners, by 13.4% in the first quarter. Center Coast Capital Advisors LP now owns 3,998,029 shares of the company’s stock worth $173,554,000 after buying an additional 471,622 shares during the period. Duff & Phelps Investment Management Co. increased its position in Western Gas Partners, by 7.7% in the first quarter. Duff & Phelps Investment Management Co. now owns 492,400 shares of the company’s stock worth $21,375,000 after buying an additional 35,000 shares during the period. Brookfield Asset Management Inc. purchased a new position in Western Gas Partners, during the first quarter worth approximately $16,142,000. LVW Advisors LLC increased its position in Western Gas Partners, by 18.4% in the first quarter. LVW Advisors LLC now owns 7,342 shares of the company’s stock worth $319,000 after buying an additional 1,142 shares during the period. Finally, ING Groep NV purchased a new position in Western Gas Partners, during the first quarter worth approximately $16,410,000.

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

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