Global Hunter Securities Gives Buy Rating to Western Gas Partners (WES)

By admin | 6 years ago

Western Gas Partners (NYSE: WES)‘s stock had its “buy” rating restated by analysts at Global Hunter Securities in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on WES. Analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of Western Gas Partners in a research note to investors on Thursday, March 1st. They now have an “outperform” rating and a $48.00 price target on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Western Gas Partners to $52.00 in a research note to investors on Thursday, March 1st. Finally, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Western Gas Partners from $47.00 to $50.00 in a research note to investors on Wednesday, February 29th. They now have an “outperform” rating on the stock.

Western Gas Partners traded down 1.39% on Friday, hitting $45.34. Western Gas Partners has a 52-week low of $30.75 and a 52-week high of $47.97. The company has a market cap of $4.116 billion and a price-to-earnings ratio of 28.12.

Western Gas Partners last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Analysts expect that Western Gas Partners will post $0.48 EPS next quarter.

Western Gas Partners, LP (Partnership) is a limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.

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