Investment analysts at Deutsche Bank raised their target price on shares of Western Gas Partners (NYSE:WES) from $70.00 to $72.00 in a note issued to investors on Thursday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 21.33% from the company’s current price.
Western Gas Partners (NYSE:WES) traded up 1.80% during mid-day trading on Thursday, hitting $60.41. The stock had a trading volume of 121,330 shares. Western Gas Partners has a one year low of $45.10 and a one year high of $65.16. The stock has a 50-day moving average of $59.44 and a 200-day moving average of $60.5. The company has a market cap of $6.774 billion and a price-to-earnings ratio of 73.62.
Western Gas Partners (NYSE:WES) last released its earnings data on Thursday, November 7th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.11. The company had revenue of $278.00 million for the quarter, compared to the consensus estimate of $266.41 million. Analysts expect that Western Gas Partners will post $1.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Tuesday, October 29th. This is a boost from Western Gas Partners’s previous quarterly dividend of $0.56.
A number of other analysts have also recently weighed in on WES. Analysts at Zacks downgraded shares of Western Gas Partners from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 16th. They now have a $57.00 price target on the stock. Analysts at Oppenheimer initiated coverage on shares of Western Gas Partners in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $69.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $65.17.
Western Gas Partners, LP (NYSE:WES) is a limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.