Western Gas Partners, LP (WES) Earns Hold Rating from Scotiabank

Scotiabank reaffirmed their hold rating on shares of Western Gas Partners, LP (NYSE:WES) in a research report report published on Wednesday, October 25th. Scotiabank currently has a $61.00 price objective on the pipeline company’s stock.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Western Gas Partners, from a strong sell rating to a hold rating in a research report on Wednesday, October 18th. Stifel Nicolaus reissued a hold rating and set a $54.00 target price on shares of Western Gas Partners, in a research report on Thursday, October 12th. Seaport Global Securities began coverage on Western Gas Partners, in a research report on Tuesday, October 10th. They set a buy rating and a $64.00 target price on the stock. BidaskClub downgraded Western Gas Partners, from a sell rating to a strong sell rating in a report on Wednesday, August 23rd. Finally, TheStreet raised Western Gas Partners, from a c+ rating to a b- rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Western Gas Partners, currently has a consensus rating of Hold and a consensus target price of $59.64.

Shares of Western Gas Partners, (WES) traded down $0.54 during trading hours on Wednesday, hitting $45.64. The company had a trading volume of 197,200 shares, compared to its average volume of 438,250. Western Gas Partners, has a twelve month low of $45.33 and a twelve month high of $67.44. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $7,047.17, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 5.64 and a beta of 1.18.

Western Gas Partners, (NYSE:WES) last posted its earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.16). The company had revenue of $574.70 million for the quarter, compared to the consensus estimate of $536.01 million. Western Gas Partners, had a net margin of 26.41% and a return on equity of 14.68%. Western Gas Partners,’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. sell-side analysts anticipate that Western Gas Partners, will post 1.37 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Thursday, November 2nd will be issued a $0.905 dividend. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $3.62 annualized dividend and a dividend yield of 7.93%. Western Gas Partners,’s payout ratio is 294.31%.

Several hedge funds have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Western Gas Partners, by 1.5% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,044,287 shares of the pipeline company’s stock valued at $673,757,000 after buying an additional 176,965 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in shares of Western Gas Partners, by 4.5% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 11,649,319 shares of the pipeline company’s stock worth $651,663,000 after buying an additional 499,048 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Western Gas Partners, by 11.1% during the 3rd quarter. Alps Advisors Inc. now owns 8,134,462 shares of the pipeline company’s stock worth $417,135,000 after buying an additional 815,295 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Western Gas Partners, by 5.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,412,296 shares of the pipeline company’s stock worth $246,824,000 after buying an additional 226,257 shares during the last quarter. Finally, Center Coast Capital Advisors LP boosted its stake in shares of Western Gas Partners, by 67.0% during the 3rd quarter. Center Coast Capital Advisors LP now owns 4,061,697 shares of the pipeline company’s stock worth $208,284,000 after buying an additional 1,629,760 shares during the last quarter. 60.00% of the stock is owned by institutional investors.

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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