Western Gas Partners, LP Limite (NYSE:WES):
Western Gas Partners Announces New Long-Term Agreements In Delaware Basin.
The company is trading up since yesterday’s close of $52.11.
Western Gas Partners, LP Limite declared a dividend for shareholders paid on Friday the 12th of August 2016. The dividend was $0.830 per share for the quarter which is $3.32 annualized. This dividend represents a yeild of $6.43 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 28th of July 2016.
Shares of the company are trading at $52.20 which is just a bit higher than $49.89, the 50 day moving average and which is slightly above the 200 day moving average of $48.30. The 50 day moving average was up by +4.62% whereas the 200 day average was up by +8.08%.
The most current P/E ratio is 308.88 and market capitalization is 7.44B. As of the latest earnings report the EPS was $0.17 and is projected to be $1.88 for the current year with 142,617,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.55 and the next full year EPS is projected to be $2.59.
Several investment analysts have released opinions on Western Gas Partners, LP Limite. On July 29, 2016 Janney Capital began coverage of the stock with a rating of “Buy”. Equity analyst MUFG began coverage with an initial rating of “Neutral” and a price target of $59.00.
On April 6 analysts at Drexel Hamilton began coverage of WES by announcing an initial rating of “Buy” and setting a price target of $51.00. On March 30 JP Morgan held the company rating at “Overweight” but moved up the price target from $45.00 to $50.00.
On March 17 the stock rating was downgraded to “Neutral” from “Outperform” with a current price target of $53.00 in a statement from Credit Suisse. Credit Suisse both downgraded the stock and lowered the price target on March 17 cutting the price target from $88.00 to $53.00 and moving the rating from “Outperform” to “Neutral”.