WES - Western Gas Partners, LP

NYSE - NYSE Delayed Price. Currency in USD
47.74
+0.71 (+1.51%)
At close: 4:02PM EST
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Previous Close47.03
Open47.27
Bid36.55 x 1000
Ask0.00 x 1400
Day's Range46.70 - 47.85
52 Week Range38.35 - 54.40
Volume606,007
Avg. Volume887,846
Market Cap7.409B
Beta (3Y Monthly)1.27
PE Ratio (TTM)56.70
EPS (TTM)0.84
Earnings DateFeb 13, 2019 - Feb 18, 2019
Forward Dividend & Yield3.86 (8.07%)
Ex-Dividend Date2018-10-30
1y Target Est55.75
Trade prices are not sourced from all markets
  • Magellan Midstream Partners Stock: What to Expect
    Market Realist10 days ago

    Magellan Midstream Partners Stock: What to Expect

    How Analysts View the Top MLPs at the Beginning of 2019 (Continued from Prior Part) ## Magellan Midstream Partners Magellan Midstream Partners (MMP) offers a potential upside of more than 21% based on analysts’ median target price of $73.2. Magellan Midstream Partners is trading at $60.3. Among the 21 analysts tracking Magellan Midstream Partners, six recommended a “strong buy,” five recommended a “buy,” nine recommended a “hold,” and one recommended a “sell” as of January 8. UBS cut Magellan Midstream Partners’ target price from $76.0 to $74.0 last week. The above chart shows the normalized price performance of Magellan Midstream Partners stock along with the Alerian MLP ETF (AMLP). ## Valuation and distribution yield Magellan Midstream Partners is trading at an EV-to-EBITDA multiple of 12x based on analysts’ earnings estimates for 2019. The company looks relatively expensive compared to its peers. Magellan Midstream Partners’ historical valuation multiple is beyond 19x. Currently, Magellan Midstream Partners offers a distribution yield of 6.6%. The company raised its distribution ~13% in the last five years. ## Peer comparison Western Gas Partners (WES) has a median target price of $54.9—compared to its current market price of $46.1. The target price indicates a potential upside of more than 19% for the next 12 months. Western Gas Partners stock looks relatively cheap considering its forward EV-to-EBITDA multiple at 7.6x. Analysts expect a strong year-over-year earnings growth of more than 25% in 2019. Western Gas Partners offers a distribution yield of 8.6%, which is in line with the industry average. Western Gas Partners’ distribution grew 11.4% in the last five years. Continue to Next Part Browse this series on Market Realist: * Part 1 - How Analysts View the Top MLPs at the Beginning of 2019 * Part 2 - Enterprise Products Partners: Analysts Are Positive * Part 3 - Is Plains All American Pipeline Stock a Good Bargain?

  • 7 Energy Stocks Ready For A 'Goldilocks' Rebound
    Investopedia11 days ago

    7 Energy Stocks Ready For A 'Goldilocks' Rebound

    Seven energy stocks in one specific sector, oil pipelines, are poised for a 'Goldilocks' rebound in 2019, according to Goldman Sachs and UBS. They have been pummeled by falling oil prices over the last year.

  • PR Newswire13 days ago

    INVESTOR ALERT: Monteverde & Associates PC is Investigating the Recently Announced Acquisition

    NEW YORK , Jan. 5, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...

  • Does Western Gas’s Consolidation Make Its Yield Attractive?
    Market Realist2 months ago

    Does Western Gas’s Consolidation Make Its Yield Attractive?

    On November 8, Western Gas Equity Partners (WGP) announced an agreement to acquire Western Gas Partners (WES) in a unit-for-unit exchange. Once completed, Western Gas Equity Partners is to own ~98% of WES and parent Anadarko Petroleum (APC) will own ~2%. The acquisition is expected to complete in Q1 2019.

  • This Oil Stock Is Lavishing More Cash on Its Shareholders
    Motley Fool2 months ago

    This Oil Stock Is Lavishing More Cash on Its Shareholders

    Anadarko Petroleum unveiled its plans for 2019, which include another dividend increase and a boost to its stock buyback authorization.

  • GlobeNewswire2 months ago

    Consolidated Research: 2018 Summary Expectations for Western Gas Partners, LP, HCA Healthcare, DHI Group, AEterna Zentaris, Tsakos Energy Navigation, and Acme United — Fundamental Analysis, Key Performance Indications

    NEW YORK, Nov. 16, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Anadarko and its MLPs announce new presidents, other executive appointments
    American City Business Journals2 months ago

    Anadarko and its MLPs announce new presidents, other executive appointments

    Anadarko named a new president to oversee a new leadership structure, kicking off a series of promotions.

  • Western Gas Announces Management Changes And Promotions
    PR Newswire2 months ago

    Western Gas Announces Management Changes And Promotions

    HOUSTON, Nov. 15, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) ("WES") and Western Gas Equity Partners, LP (WGP) ("WGP" and collectively the "Partnerships") announced that effective today Robin H. Fielder has been named President of the Partnerships. Fielder will also succeed Fink as CEO of the Partnerships effective Jan. 1, 2019.

  • Market Realist2 months ago

    Upstream Stocks Were among the Top Energy Gainers Last Week

    On November 2–9, midstream stock Western Gas Partners (WES) gained the most on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) rose 1.2%—the most among major energy subsector ETFs, which we discussed in the previous part.  

  • The Wall Street Journal2 months ago

    [$$] Partnership to Buy Anadarko Petroleum’s Midstream Assets

    Anadarko Petroleum Corp. is selling what is largely left of its midstream assets to Western Gas Partners LP, a partnership it formed a decade ago, in a deal that it said is valued at about $4.02 billion. Western Gas Partners will be buying all of Anadarko’s stake in DBM Oil Services and APC Water Holdings and half of its nonoperated interests in Bone Spring Gas Plant and MiVida Gas Plant. The partnership will also buy Anadarko’s full stakes in DJ Basin Oil System and Wattenberg Plant, both of which are in northeast Colorado, Anadarko said.

  • The Energy Sector's Consolidation Wave Continues
    Motley Fool2 months ago

    The Energy Sector's Consolidation Wave Continues

    Anadarko Petroleum is consolidating its midstream franchise.

  • Anadarko to sell all midstream assets to consolidated MLP for $4B
    American City Business Journals2 months ago

    Anadarko to sell all midstream assets to consolidated MLP for $4B

    "The size of this asset sale, along with the clear benefits of the simplification transaction, highlights the tremendous value of Anadarko's midstream business."

  • PR Newswire2 months ago

    Anadarko Announces $4 Billion Midstream Asset Sale

    HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Anadarko Petroleum Corporation (APC) today announced a transaction to sell substantially all of its remaining midstream assets for $4.015 billion to Western Gas Partners, LP (WES), with $2.0075 billion cash proceeds, and the balance to be paid in new Western Gas equity. Concurrently WES announced it has entered into a merger agreement with Western Gas Equity Partners, LP (WGP), which will result in a simplified midstream structure.

  • Western Gas Announces Simplification Transaction And Strategic Acquisition
    PR Newswire2 months ago

    Western Gas Announces Simplification Transaction And Strategic Acquisition

    HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) ("WES") and Western Gas Equity Partners, LP (WGP) ("WGP" or the "Partnership") today announced they have entered into a merger agreement (the "Agreement") whereby WGP will acquire all the publicly held common units of WES and substantially all of the units owned by Anadarko Petroleum Corporation (APC) ("APC") in a unit-for-unit, tax-free exchange (the "Simplification Transaction"). WGP will own 98% of WES, and APC will own the remaining 2%.  In conjunction with the Simplification Transaction, WES has agreed to acquire substantially all of APC's remaining midstream assets for a price of $4.015 billion (the "Acquisition," and together with the Simplification Transaction, the "Transactions").

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of WES earnings conference call or presentation 31-Oct-18 4:00pm GMT

    Q3 2018 Western Gas Partners LP and Western Gas Equity Partners LP Earnings Call

  • Western Gas Announces Third-Quarter 2018 Results
    PR Newswire3 months ago

    Western Gas Announces Third-Quarter 2018 Results

    HOUSTON , Oct. 30, 2018 /PRNewswire/ -- Western Gas Partners, LP (NYSE: WES) ("WES" or the "Partnership") and Western Gas Equity Partners, LP (NYSE: WGP) ("WGP") today announced ...

  • These Energy Stocks Could Be the Next to Get Swept Up in the Sector's M&A Wave
    Motley Fool3 months ago

    These Energy Stocks Could Be the Next to Get Swept Up in the Sector's M&A Wave

    The writing is on the wall for these energy companies.

  • Western Gas Announces Third Quarter 2018 Distribution And Schedules Earnings Conference Call
    PR Newswire3 months ago

    Western Gas Announces Third Quarter 2018 Distribution And Schedules Earnings Conference Call

    HOUSTON, Oct. 17, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.9650 per unit for the third quarter of 2018. Western Gas Equity Partners, LP (WGP) also announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.5950 per unit for the third quarter of 2018. WGP's third quarter 2018 distribution is payable on November 21, 2018, to unitholders of record at the close of business on October 31, 2018.

  • AM, NGL, AMGP, and SPH Outperformed Last Week
    Market Realist3 months ago

    AM, NGL, AMGP, and SPH Outperformed Last Week

    On October 9, Antero Midstream Partners (AM) and Antero Midstream GP (AMGP) announced a simplification transaction. Antero Midstream GP will acquire all of the outstanding units of Antero Midstream Partners. As part of the transaction, Antero Midstream GP will convert into a C corporation and be renamed as “Antero Midstream Corporation.” Antero Midstream Partners and Antero Midstream GP stocks rose after the announcement. To learn more, read Antero Midstream to Buy Antero Midstream Partners.

  • EPD, MPLX, ETP, PAA: What Do Current Valuations Indicate?
    Market Realist3 months ago

    EPD, MPLX, ETP, PAA: What Do Current Valuations Indicate?

    Andeavor Logistics (ANDX), Magellan Midstream Partners (MMP), and Plains All American Pipeline (PAA), top Alerian MLP Index constituents by market capitalization, are trading at price-to-DCF (distributable cash flow) ratios higher than the peer average. Andeavor Logistics, Magellan Midstream Partners, and Plains All American Pipeline are trading at price-to-DCF ratios of ~12.4x, 14.6x, and 17.2x, respectively.

  • NBLX, WGP, CLMT, CVRR: The Weakest MLPs in the Third Quarter
    Market Realist3 months ago

    NBLX, WGP, CLMT, CVRR: The Weakest MLPs in the Third Quarter

    Noble Midstream Partners (NBLX) stock fell significantly in August and September as Initiative 97 was started and then made it onto the Colorado ballot as Proposition 112. The proposition requires that new oil and gas development, including fracking, should be a minimum distance of 2,500 feet from “vulnerable” areas such as homes, schools, or hospitals.

  • BPL, WES, GEL, TCP: The Biggest MLP Losses Last Week
    Market Realist4 months ago

    BPL, WES, GEL, TCP: The Biggest MLP Losses Last Week

    TC PipeLines (TCP) fell 7.5% last week. The stock has fallen 41% year-to-date. It fell significantly in March following the FERC (Federal Energy Regulatory Commission) ruling relating to cost recoveries for FERC-regulated interstate MLP pipeline rates. It then fell again in May following a distribution cut.

  • Market Realist4 months ago

    Why Midstream Stocks Underperformed the Energy Space Last Week

    Between September 14 and 21, midstream stock TC PipeLines (TCP) fell the most on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) saw the only decline among the major energy subsector ETFs that we discussed in Part 2 of this series.

  • Market Realist4 months ago

    CLMT, NBLX, and WES Fell the Most among MLPs Last Week

    Downstream MLP Calumet Specialty Products Partners (CLMT) fell 6.5% last week, which ended September 14. Noble Midstream Partners (NBLX) fell 3.7% last week and has fallen 21% so far in 2018. Western Gas Partners (WES) and its general partner Western Gas Equity Partners (WGP) fell 3.6% and 3.7%, respectively, last week.

  • Market Realist4 months ago

    These Were Last Week’s Weakest Energy Stocks

    Between September 7 and 14, integrated energy stock Petrobras (PBR) fell the most on our list of energy stocks, which also included the following: SPDR S&P Oil & Gas Exploration & Production ETF (XOP) Energy Select Sector SPDR ETF (XLE) Alerian MLP ETF (AMLP) VanEck Vectors Oil Services ETF (OIH)