Analysts Expect Western Gas Partners, LP (WES) to Post $0.48 EPS

Equities analysts predict that Western Gas Partners, LP (NYSE:WES) will announce earnings of $0.48 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Western Gas Partners’ earnings. The highest EPS estimate is $0.62 and the lowest is $0.37. Western Gas Partners posted earnings of $0.01 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4,700%. The firm is expected to report its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Western Gas Partners will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $1.59 to $2.78. For the next year, analysts anticipate that the business will post earnings of $2.94 per share, with EPS estimates ranging from $2.75 to $3.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Western Gas Partners.

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Western Gas Partners (NYSE:WES) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.08). The business had revenue of $632.02 million for the quarter, compared to analyst estimates of $569.17 million. Western Gas Partners had a net margin of 25.24% and a return on equity of 14.38%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share.

A number of brokerages have recently issued reports on WES. Bank of America reduced their price objective on shares of Western Gas Partners from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, March 27th. Citigroup upgraded shares of Western Gas Partners from a “neutral” rating to a “buy” rating and cut their price target for the stock from $55.00 to $46.00 in a report on Tuesday, March 27th. JPMorgan Chase restated an “overweight” rating and set a $59.00 price target (up from $57.00) on shares of Western Gas Partners in a report on Wednesday, March 14th. Barclays restated a “hold” rating and set a $53.00 price target (down from $54.00) on shares of Western Gas Partners in a report on Wednesday, March 7th. Finally, UBS restated a “buy” rating and set a $61.00 price target (up from $59.00) on shares of Western Gas Partners in a report on Friday, March 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.93.

Shares of NYSE WES opened at $42.67 on Thursday. The stock has a market cap of $6,511.53, a PE ratio of 33.60, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. Western Gas Partners has a 1 year low of $40.44 and a 1 year high of $61.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.87.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. boosted its stake in Western Gas Partners by 6.7% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 12,847,861 shares of the pipeline company’s stock valued at $658,838,000 after acquiring an additional 803,574 shares during the last quarter. Alps Advisors Inc. boosted its stake in Western Gas Partners by 2.4% in the fourth quarter. Alps Advisors Inc. now owns 8,329,599 shares of the pipeline company’s stock valued at $400,570,000 after acquiring an additional 195,137 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Western Gas Partners by 17.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,181,402 shares of the pipeline company’s stock valued at $249,173,000 after acquiring an additional 761,923 shares during the last quarter. Center Coast Capital Advisors LP boosted its stake in Western Gas Partners by 5.3% in the fourth quarter. Center Coast Capital Advisors LP now owns 4,278,382 shares of the pipeline company’s stock valued at $205,747,000 after acquiring an additional 216,685 shares during the last quarter. Finally, Chickasaw Capital Management LLC boosted its stake in Western Gas Partners by 6.3% in the fourth quarter. Chickasaw Capital Management LLC now owns 2,858,653 shares of the pipeline company’s stock valued at $137,473,000 after acquiring an additional 168,361 shares during the last quarter. Hedge funds and other institutional investors own 58.95% of the company’s stock.

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About Western Gas Partners

Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company 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.

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