The stock of Western Gas Partners, LP (NYSE:WES) is a huge mover today! About 235,491 shares traded hands. Western Gas Partners, LP (NYSE:WES) has risen 8.60% since April 27, 2016 and is uptrending. It has outperformed by 3.37% the S&P500.
The move comes after 9 months positive chart setup for the $8.21B company. It was reported on Nov, 30 by Barchart.com. We have $60.16 PT which if reached, will make NYSE:WES worth $492.60 million more.
Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on February, 22. They expect $0.59 earnings per share, up 84.38% or $0.27 from last year’s $0.32 per share. WES’s profit will be $85.36 million for 24.05 P/E if the $0.59 EPS becomes a reality. After $0.54 actual earnings per share reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 9.26% EPS growth.
Western Gas Partners, LP (NYSE:WES) Ratings Coverage
Out of 13 analysts covering Western Gas Partners (NYSE:WES), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. Western Gas Partners has been the topic of 22 analyst reports since August 3, 2015 according to StockzIntelligence Inc. JP Morgan maintained Western Gas Partners, LP (NYSE:WES) on Wednesday, March 30 with “Overweight” rating. The firm earned “Overweight” rating on Monday, October 10 by . The rating was initiated by CapitalOne with “An Overweight” on Thursday, January 14. Morgan Stanley initiated it with “Equal-Weight” rating and $35 target price in Thursday, February 25 report. The firm has “Neutral” rating by Credit Suisse given on Thursday, March 17. MUFG initiated Western Gas Partners, LP (NYSE:WES) on Friday, June 17 with “Neutral” rating. The stock of Western Gas Partners, LP (NYSE:WES) earned “Buy” rating by MLV on Friday, July 31. The stock of Western Gas Partners, LP (NYSE:WES) has “Neutral” rating given on Tuesday, January 12 by Bank of America. The company was maintained on Tuesday, October 11 by RBC Capital Markets. As per Thursday, April 7, the company rating was maintained by Citigroup.
According to Zacks Investment Research, “WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.”
Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.50, from 0.85 in 2016Q1. The ratio increased, as 19 funds sold all Western Gas Partners, LP shares owned while 53 reduced positions. 14 funds bought stakes while 47 increased positions. They now own 66.74 million shares or 2.90% less from 68.74 million shares in 2016Q1.
Moreover, Ancora Advisors Lc has 0.09% invested in Western Gas Partners, LP (NYSE:WES) for 15,012 shares. Lpl Finance Limited has invested 0% of its portfolio in Western Gas Partners, LP (NYSE:WES). Ing Groep Nv has 0.14% invested in the company for 201,710 shares. Yorkville Lc, a New York-based fund reported 38,129 shares. Veritable Limited Partnership holds 16,457 shares or 0.02% of its portfolio. Royal Bankshares Of Canada holds 41,128 shares or 0% of its portfolio. Williams Jones & Assocs Ltd Com last reported 31,585 shares in the company. Alliancebernstein Limited Partnership last reported 13,440 shares in the company. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems, a Pennsylvania-based fund reported 221,245 shares. Clearbridge Invs Ltd Llc has 0.18% invested in the company for 2.98 million shares. Commonwealth Equity Serv last reported 0.01% of its portfolio in the stock. Moody Retail Bank Division holds 12,100 shares or 0.03% of its portfolio. Barrington Strategic Wealth Mgmt Grp Inc Limited Liability Corp accumulated 0.47% or 16,438 shares. Neuberger Berman Grp Ltd accumulated 0.28% or 4.07M shares. The New York-based Shikiar Asset Mgmt has invested 0.76% in Western Gas Partners, LP (NYSE:WES).
Another recent and important Western Gas Partners, LP (NYSE:WES) news was published by Reuters.com which published an article titled: “BRIEF-Western Gas Partners LP files for potential mixed shelf” on November 04, 2016.
WES Company Profile
Western Gas Partners, LP, incorporated on August 21, 2007, is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Firm 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. The Firm operates in the segment of gathering, processing, compressing, treating and transporting Anadarko and third-party natural gas, condensate, NGLs and crude oil in the United States. The Company’s activities and activities are managed by its general partner, which is indirectly controlled by Anadarko through Western Gas Equity Partners, LP (WGP).
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