Western Gas Partners, LP to Post Q4 2017 Earnings of $0.25 Per Share, Seaport Global Securities Forecasts (WES)

Western Gas Partners, LP (NYSE:WES) – Equities researchers at Seaport Global Securities issued their Q4 2017 earnings estimates for Western Gas Partners, in a research note issued to investors on Tuesday. Seaport Global Securities analyst B. Colson expects that the pipeline company will post earnings of $0.25 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $64.00 price target on the stock. Seaport Global Securities also issued estimates for Western Gas Partners,’s FY2018 earnings at $0.96 EPS.

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

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A number of other research analysts also recently issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target on shares of Western Gas Partners, in a report on Thursday. Zacks Investment Research downgraded Western Gas Partners, from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BidaskClub downgraded Western Gas Partners, from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Scotiabank set a $61.00 target price on Western Gas Partners, and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, TheStreet raised Western Gas Partners, from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.36.

Western Gas Partners, (NYSE:WES) traded down 1.0260% during midday trading on Thursday, hitting $51.3675. The stock had a trading volume of 94,023 shares. The firm has a 50 day moving average of $51.16 and a 200 day moving average of $54.43. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 36.7173 and a beta of 1.17. Western Gas Partners, has a 52 week low of $48.04 and a 52 week high of $67.44.

Large investors have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC grew its position in shares of Western Gas Partners, by 60.2% during the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock worth $139,000 after purchasing an additional 900 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth about $136,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Western Gas Partners, during the first quarter worth about $181,000. Biondo Investment Advisors LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth about $232,000. Finally, Signature Financial Management Inc. grew its position in shares of Western Gas Partners, by 9.6% during the second quarter. Signature Financial Management Inc. now owns 3,725 shares of the pipeline company’s stock worth $208,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 59.35% of the company’s stock.

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.

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

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