$0.50 EPS Expected for Western Gas Partners, LP (WES) This Quarter

Analysts predict that Western Gas Partners, LP (NYSE:WES) will report earnings of $0.50 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Western Gas Partners,’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.31. Western Gas Partners, reported earnings of $0.54 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 7.4%. The firm is expected to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Western Gas Partners, will report full-year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.79. For the next financial year, analysts forecast that the company will report earnings of $2.63 per share, with EPS estimates ranging from $1.69 to $3.39. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Western Gas Partners,.

Western Gas Partners, (NYSE:WES) last issued its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The firm had revenue of $525.45 million for the quarter, compared to analysts’ expectations of $488.21 million. During the same period last year, the firm earned $0.55 earnings per share. Western Gas Partners,’s revenue for the quarter was up 22.6% on a year-over-year basis.

Several equities research analysts have issued reports on WES shares. TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. BidaskClub cut shares of Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Macquarie started coverage on shares of Western Gas Partners, in a research note on Friday, April 21st. They set an “outperform” rating and a $51.00 price target on the stock. Zacks Investment Research raised shares of Western Gas Partners, from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Scotiabank set a $61.00 price target on shares of Western Gas Partners, and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.18.

Shares of Western Gas Partners, (WES) traded down 1.88% during trading on Tuesday, reaching $50.19. 338,168 shares of the company’s stock were exchanged. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 35.88 and a beta of 1.19. Western Gas Partners, has a 52 week low of $46.85 and a 52 week high of $67.44. The stock has a 50 day moving average price of $54.32 and a 200-day moving average price of $58.43.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, July 31st will be issued a $0.89 dividend. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, July 27th. This represents a $3.56 annualized dividend and a yield of 7.09%. Western Gas Partners,’s dividend payout ratio (DPR) is presently 256.12%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock valued at $102,557,000 after buying an additional 378,167 shares during the last quarter. Homrich & Berg raised its position in Western Gas Partners, by 51.0% in the first quarter. Homrich & Berg now owns 18,095 shares of the pipeline company’s stock valued at $1,094,000 after buying an additional 6,110 shares during the last quarter. Suntrust Banks Inc. acquired a new position in Western Gas Partners, during the first quarter valued at approximately $201,000. Raymond James Financial Services Advisors Inc. raised its position in Western Gas Partners, by 60.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,260 shares of the pipeline company’s stock valued at $1,708,000 after buying an additional 10,651 shares during the last quarter. Finally, KCG Holdings Inc. raised its position in Western Gas Partners, by 14.9% in the first quarter. KCG Holdings Inc. now owns 8,742 shares of the pipeline company’s stock valued at $528,000 after buying an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 54.34% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “$0.50 EPS Expected for Western Gas Partners, LP (WES) This Quarter” was first reported by BNB Daily and is the property of of BNB Daily. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/0-50-eps-expected-for-western-gas-partners-lp-wes-this-quarter-updated.html.

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.

Get a free copy of the Zacks research report on Western Gas Partners, (WES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Western Gas Partners, (NYSE:WES)

Receive News & Ratings for Western Gas Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply