FY2018 EPS Estimates for Western Gas Partners, LP (WES) Decreased by Analyst

Western Gas Partners, LP (NYSE:WES) – Mitsubishi UFJ Financial Group dropped their FY2018 earnings per share estimates for shares of Western Gas Partners in a note issued to investors on Wednesday, October 31st. Mitsubishi UFJ Financial Group analyst B. Blaschke now forecasts that the pipeline company will earn $1.25 per share for the year, down from their previous estimate of $1.54.

WES has been the subject of several other research reports. Bank of America lowered their target price on shares of Western Gas Partners from $53.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, October 1st. ValuEngine downgraded shares of Western Gas Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Morgan Stanley decreased their price objective on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, August 17th. Zacks Investment Research downgraded shares of Western Gas Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 30th. Finally, Wells Fargo & Co decreased their price objective on shares of Western Gas Partners from $51.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, September 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $53.00.

Shares of WES stock opened at $40.17 on Monday. The stock has a market capitalization of $6.14 billion, a PE ratio of 30.90 and a beta of 1.28. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.75 and a quick ratio of 0.75. Western Gas Partners has a one year low of $38.35 and a one year high of $54.40.

Western Gas Partners (NYSE:WES) last announced its earnings results on Tuesday, October 30th. The pipeline company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.28). The firm had revenue of $507.76 million during the quarter, compared to analysts’ expectations of $472.96 million. Western Gas Partners had a net margin of 24.11% and a return on equity of 12.78%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of WES. Whittier Trust Co. purchased a new position in shares of Western Gas Partners in the third quarter worth about $183,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Western Gas Partners in the second quarter worth about $187,000. LVW Advisors LLC purchased a new position in shares of Western Gas Partners in the second quarter worth about $202,000. Parkside Financial Bank & Trust purchased a new position in shares of Western Gas Partners in the third quarter worth about $252,000. Finally, Penn Davis Mcfarland Inc. purchased a new position in shares of Western Gas Partners in the second quarter worth about $266,000. Institutional investors and hedge funds own 59.65% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Wednesday, October 31st will be issued a dividend of $0.965 per share. This represents a $3.86 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date is Tuesday, October 30th. This is an increase from Western Gas Partners’s previous quarterly dividend of $0.95. Western Gas Partners’s dividend payout ratio (DPR) is 296.92%.

About Western Gas Partners

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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Earnings History and Estimates for Western Gas Partners (NYSE:WES)

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