Western Gas Partners, LP (NYSE:WES) Director David J. Tudor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $49.12, for a total value of $196,480.00. Following the completion of the transaction, the director now owns 8,898 shares in the company, valued at $437,069.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Western Gas Partners, LP (NYSE:WES) opened at 49.31 on Tuesday. The company’s 50-day moving average price is $49.72 and its 200-day moving average price is $48.00. Western Gas Partners, LP has a 52-week low of $25.40 and a 52-week high of $54.35. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 291.78 and a beta of 0.96.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The company earned $428.70 million during the quarter, compared to analyst estimates of $438.63 million. During the same period in the prior year, the firm earned $0.44 EPS. Western Gas Partners,’s quarterly revenue was down 8.0% on a year-over-year basis. Analysts predict that Western Gas Partners, LP will post $1.88 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Center Coast Capital Advisors LP boosted its stake in shares of Western Gas Partners, by 13.4% in the first quarter. Center Coast Capital Advisors LP now owns 3,998,029 shares of the company’s stock worth $173,554,000 after buying an additional 471,622 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in shares of Western Gas Partners, by 7.7% in the first quarter. Duff & Phelps Investment Management Co. now owns 492,400 shares of the company’s stock worth $21,375,000 after buying an additional 35,000 shares in the last quarter. Brookfield Asset Management Inc. bought a new stake in shares of Western Gas Partners, during the first quarter worth $16,142,000. LVW Advisors LLC boosted its stake in shares of Western Gas Partners, by 18.4% in the first quarter. LVW Advisors LLC now owns 7,342 shares of the company’s stock worth $319,000 after buying an additional 1,142 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of Western Gas Partners, during the first quarter worth $16,410,000.

WES has been the topic of several analyst reports. TheStreet upgraded Western Gas Partners, from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Janney Montgomery Scott initiated coverage on Western Gas Partners, in a report on Friday, July 29th. They set a “buy” rating and a $60.00 target price on the stock. Zacks Investment Research downgraded Western Gas Partners, from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Mitsubishi UFJ Financial Group initiated coverage on Western Gas Partners, in a report on Friday, June 17th. They set a “neutral” rating and a $59.00 target price on the stock. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Western Gas Partners, in a report on Thursday, July 28th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.13.

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 for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.

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