Western Gas Partners, LP (NYSE:WES) Director James R. Crane sold 6,307 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $50.08, for a total transaction of $315,854.56. Following the completion of the transaction, the director now owns 293,341 shares in the company, valued at $14,690,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 company has a market cap of $7.20 billion, a price-to-earnings ratio of 298.58 and a beta of 0.96. The company has a 50-day moving average of $49.78 and a 200-day moving average of $48.08.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. The firm earned $428.70 million during the quarter, compared to the consensus estimate of $438.63 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis. Equities research analysts expect that Western Gas Partners, LP will post $1.88 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in WES. IFP Advisors Inc boosted its stake 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 worth $123,000 after buying an additional 202 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Western Gas Partners, during the first quarter worth about $151,000. CIBC Asset Management Inc purchased a new stake in shares of Western Gas Partners, during the second quarter worth about $208,000. Balentine LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth about $227,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of 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 worth $197,000 after buying an additional 1,220 shares in the last quarter.

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

Western Gas Partners, Company Profile

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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