Western Gas Partners, (WES) Earns Daily News Sentiment Rating of 0.12
News coverage about Western Gas Partners, (NYSE:WES) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Gas Partners, earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 47.0768032498317 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Scotiabank Brokerages Give Western Gas Partners, a $61.00 PT (iphonefresh.com)
- Western Gas Equity Partners, LP (NYSE:WGP) Upgraded to “Sell” at BidaskClub (vothemes.com)
- Hurricane Irma Set to Shut Down Major Florida Ports (finance.yahoo.com)
- Stock Update: Levels in Review For Western Gas Partners LP (WES) – Bulletin News (orobulletin.com)
- Western Gas Partners, LP (WES) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
WES has been the topic of a number of research reports. Scotiabank set a $61.00 price target on Western Gas Partners, and gave the company a “hold” rating in a research report on Wednesday, August 16th. BidaskClub cut Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. TheStreet cut Western Gas Partners, from a “b” rating to a “c+” rating in a research note on Monday, June 5th. Zacks Investment Research cut Western Gas Partners, from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price objective on shares of Western Gas Partners, in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.18.
Western Gas Partners, (WES) opened at 51.13 on Wednesday. The stock’s 50 day moving average price is $50.72 and its 200-day moving average price is $55.96. The company has a market capitalization of $7.80 billion, a PE ratio of 36.55 and a beta of 1.18. 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 issued its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The company had revenue of $525.45 million during the quarter, compared to analyst estimates of $488.21 million. During the same quarter in the previous year, the company posted $0.55 EPS. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, equities research analysts predict that Western Gas Partners, will post $1.53 earnings per share for the current fiscal year.
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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.
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