Headlines about Western Gas Partners (NYSE:WES) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Gas Partners earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 46.8197794995042 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Energy Market Commentary: Investors Focusing On Data – Nasdaq (nasdaq.com)
- Western Gas Partners LP (WES) and Western Gas Equity Partners, LP (WGP) Offer FY18 Guidance – StreetInsider.com (streetinsider.com)
- Financial Survey: Markwest Energy Partners (MWE) & Western Gas Partners (WES) (americanbankingnews.com)
- Western Gas Announces 2018 Outlook (finance.yahoo.com)
WES has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Western Gas Partners from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Stifel Nicolaus restated a “hold” rating and set a $54.00 price target on shares of Western Gas Partners in a research report on Thursday, October 12th. Seaport Global Securities began coverage on shares of Western Gas Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $64.00 price target for the company. Morgan Stanley reduced their price target on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Finally, Scotiabank set a $61.00 price target on shares of Western Gas Partners and gave the company a “hold” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $59.55.
Western Gas Partners (NYSE:WES) last issued its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The business had revenue of $574.70 million for the quarter, compared to the consensus estimate of $536.01 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. sell-side analysts forecast that Western Gas Partners will post 1.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Thursday, November 2nd were given a dividend of $0.905 per share. This is a boost from Western Gas Partners’s previous quarterly dividend of $0.89. This represents a $3.62 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date was Wednesday, November 1st. Western Gas Partners’s dividend payout ratio (DPR) is presently 294.31%.
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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