BidaskClub lowered shares of Western Gas Partners, LP (NYSE:WES) from a sell rating to a strong sell rating in a research note released on Wednesday.

WES has been the topic of a number of other research reports. Zacks Investment Research raised Western Gas Partners, from a strong sell rating to a hold rating in a research report on Thursday, May 11th. Stifel Nicolaus reissued a hold rating and issued a $60.00 target price on shares of Western Gas Partners, in a research report on Friday, July 14th. Citigroup Inc. boosted their target price on Western Gas Partners, from $55.00 to $61.00 and gave the company a neutral rating in a research report on Tuesday, April 25th. Scotiabank set a $61.00 target price on Western Gas Partners, and gave the company a hold rating in a research report on Tuesday, July 11th. Finally, TheStreet raised Western Gas Partners, from a c+ rating to a b- rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $61.18.

Western Gas Partners, (NYSE WES) opened at 50.24 on Wednesday. The company’s 50-day moving average price is $52.34 and its 200 day moving average price is $57.11. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 35.91 and a beta of 1.19. Western Gas Partners, has a 52-week low of $46.85 and a 52-week high of $67.44.

Western Gas Partners, (NYSE:WES) last announced its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $525.45 million during the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. On average, equities analysts expect that Western Gas Partners, will post $1.53 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, July 31st were paid a $0.89 dividend. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $3.56 annualized dividend and a dividend yield of 7.09%. Western Gas Partners,’s payout ratio is 256.12%.

Several institutional investors have recently bought and sold shares of WES. Linscomb & Williams Inc. increased its position in Western Gas Partners, by 0.4% in the first quarter. Linscomb & Williams Inc. now owns 9,645 shares of the pipeline company’s stock valued at $583,000 after buying an additional 35 shares during the period. Stephens Inc. AR increased its position in Western Gas Partners, by 1.6% in the second quarter. Stephens Inc. AR now owns 6,100 shares of the pipeline company’s stock valued at $341,000 after buying an additional 96 shares during the period. Sei Investments Co. increased its position in Western Gas Partners, by 0.6% in the first quarter. Sei Investments Co. now owns 18,100 shares of the pipeline company’s stock valued at $1,094,000 after buying an additional 100 shares during the period. The Manufacturers Life Insurance Company increased its position in Western Gas Partners, by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 3,954 shares of the pipeline company’s stock valued at $221,000 after buying an additional 265 shares during the period. Finally, Keybank National Association OH increased its position in Western Gas Partners, by 6.1% in the first quarter. Keybank National Association OH now owns 4,795 shares of the pipeline company’s stock valued at $290,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 55.32% of the company’s stock.

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 in the United States.

Analyst Recommendations for Western Gas Partners, (NYSE:WES)

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