Sentiment Report: Westcorp (NYSE:WES)

July 18, 2017 - By Vivian Currie

 Sentiment Report: Westcorp (NYSE:WES)

Sentiment for Westcorp (NYSE:WES)

Westcorp (NYSE:WES) institutional sentiment decreased to 1.07 in Q4 2016. Its down -0.28, from 1.35 in 2016Q3. The ratio has worsened, as 74 hedge funds opened new and increased positions, while 69 sold and reduced stock positions in Westcorp. The hedge funds in our partner’s database now possess: 64.77 million shares, down from 66.82 million shares in 2016Q3. Also, the number of hedge funds holding Westcorp in their top 10 positions was flat from 8 to 8 for the same number . Sold All: 13 Reduced: 56 Increased: 52 New Position: 22.

Western Gas Partners, LP is a master limited partnership that acquires, owns, develops and operates midstream energy assets. The company has market cap of $8.82 billion. The Firm 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. It has a 35.98 P/E ratio. The Firm provides midstream services for Anadarko Petroleum Corporation (Anadarko), as well as for third-party producers and customers.

The stock decreased 0.75% or $0.43 on July 17, reaching $56.72. About shares traded. Western Gas Partners, LP (NYSE:WES) has risen 10.32% since July 18, 2016 and is uptrending. It has underperformed by 6.38% the S&P500.

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on July, 25. They expect $0.51 EPS, down 7.27 % or $0.04 from last year’s $0.55 per share. WES’s profit will be $79.31 million for 27.80 P/E if the $0.51 EPS becomes a reality. After $0.01 actual EPS reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 5,000.00 % EPS growth.

C V Starr & Co Inc holds 13.12% of its portfolio in Western Gas Partners, LP for 50,000 shares. Rr Advisors Llc owns 1.66 million shares or 12.65% of their US portfolio. Moreover, Heronetta Management L.P. has 4.77% invested in the company for 156,900 shares. The Kansas-based Tortoise Capital Advisors L.L.C. has invested 4.65% in the stock. C.V. Starr & Co. Inc. Trust, a New York-based fund reported 180,000 shares.#img1#

Western Gas Partners, LP (NYSE:WES) Ratings Coverage

Ratings analysis reveals 56% of Western Gas Partners’s analysts are positive. Out of 16 Wall Street analysts rating Western Gas Partners, 9 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $35 while the high is $76. The stock’s average target of $59.81 is 5.45% above today’s ($56.72) share price. WES was included in 28 notes of analysts from August 3, 2015. The company was downgraded on Monday, February 27 by Bank of America. Macquarie Research initiated the stock with “Outperform” rating in Friday, April 21 report. The firm earned “Neutral” rating on Friday, June 17 by MUFG. The firm has “Neutral” rating by Credit Suisse given on Thursday, March 17. The rating was maintained by Barclays Capital with “Overweight” on Monday, November 2. The stock of Western Gas Partners, LP (NYSE:WES) earned “Equal-Weight” rating by Morgan Stanley on Thursday, February 25. The stock has “Neutral” rating by Citigroup on Thursday, November 5. FBR Capital maintained it with “Outperform” rating and $72 target in Monday, September 28 report. Bank of America downgraded the stock to “Neutral” rating in Tuesday, January 12 report. The rating was maintained by on Monday, October 10 with “Overweight”.

Another recent and important Western Gas Partners, LP (NYSE:WES) news was published by Prnewswire.com which published an article titled: “Western Gas To Present At Upcoming JP Morgan Energy Equity Investor Conference” on June 22, 2017.

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