Western Gas Partners LP (WES) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Western Gas Partners LP (WES) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.40. The company posted revenue of $383.10 million in the period, compared to analysts expectations of $413.72 million. The company’s revenue was down -12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Western Gas Partners LP. Western Gas Partners LP was Initiated by Drexel Hamilton to “Buy” on Apr 7, 2016. Western Gas Partners LP was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016. Company shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .

Western Gas Partners LP closed down -0.21 points or -0.43% at $48.65 with 4,33,998 shares getting traded on Monday. Post opening the session at $48.85, the shares hit an intraday low of $47.564 and an intraday high of $49.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 26, 2016, Darrell E Hollek (director) purchased 80 shares at $55.21 per share price. According to the SEC, on May 14, 2015, James R Crane (director) sold 300,000 shares at $68.52 per share price. On Jan 15, 2015, David J Tudor (director) purchased 400 shares at $63.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Western Gas Partners LP (the Partnership) is a master limited partnership (MLP) that owns operates acquires and develops midstream energy assets. The Partnership 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) and its consolidated subsidiaries as well as third-party producers and customers. Anadarko is an independent oil and gas exploration and production company engaged in upstream oil and gas business and explores for and produces natural gas crude oil condensate and NGLs. The Partnership’s services include gathering stabilization compression treating and dehydration processing fractionation and storage transportation and marketing.

Western Gas Partners LP

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