Western Gas Partners, LP (NYSE:WES) Director James R. Crane sold 57,064 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $50.00, for a total value of $2,853,200.00. Following the completion of the sale, the director now owns 293,341 shares in the company, valued at approximately $14,667,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Western Gas Partners, LP (NYSE:WES) opened at 50.46 on Friday. Western Gas Partners, LP has a one year low of $25.40 and a one year high of $54.35. The firm has a 50-day moving average price of $49.78 and a 200 day moving average price of $48.08. The firm has a market cap of $7.20 billion, a P/E ratio of 298.58 and a beta of 0.96.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The business earned $428.70 million during the quarter, compared to analyst estimates of $438.63 million. During the same period last year, the company earned $0.44 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, analysts forecast that Western Gas Partners, LP will post $1.88 earnings per share for the current fiscal year.

A number of analysts have weighed in on WES shares. Mitsubishi UFJ Financial Group started coverage on Western Gas Partners, in a research note on Friday, June 17th. They issued a “neutral” rating and a $59.00 target price on the stock. Zacks Investment Research upgraded Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $57.00 target price on the stock in a research note on Tuesday, July 26th. Credit Suisse Group AG reiterated a “hold” rating on shares of Western Gas Partners, in a research note on Thursday, July 28th. TheStreet upgraded Western Gas Partners, from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Janney Montgomery Scott started coverage on Western Gas Partners, in a research note on Friday, July 29th. They issued a “buy” rating and a $60.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $52.13.

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the company’s stock valued at $123,000 after buying an additional 202 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Western Gas Partners, during the first quarter valued at about $151,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Western Gas Partners, by 36.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,536 shares of the company’s stock valued at $197,000 after buying an additional 1,220 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Western Gas Partners, during the second quarter valued at about $208,000. Finally, Balentine LLC purchased a new stake in Western Gas Partners, during the second quarter valued at about $227,000.

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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