This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Energy Stocks Hit 52-Week Highs: WES, MWE, SRE

Stocks in this article: WES MWE SRE

NEW YORK ( TheStreet) -- These energy stocks hit 52-week highs on Tuesday: Western Gas Partners (WES), MarkWest Energy (MWE) and Sempra Energy (SRE).

Western Gas Partners

The midstream energy company reported Monday fourth-quarter earnings of $34.4 million, or 35 cents a unit, up from year-ago earnings of $33.6 million, or 48 cents.

"We view WES as a low-risk and reliable growth story," Morgan Stanley analysts wrote in a report on Monday. "While the stock trades at 18.7x 2012e P/CF (vs. peer group at 14.7x), we believe a premium is warranted for a best-in-class MLP with a visible and sustainable top-tier distribution growth outlook."

Shares of Western Gas Partners hit a 52-week high Tuesday of $46. The stock's 52-week low of $30.75 was set on Aug. 5.

Western Gas Partners has an estimated price-to-earnings ratio for next year of 22.45; the average for exploration and production companies is 42.79. For comparison, Tesoro (TSO) has a lower forward P/E of 7.26; Sunoco's (SUN) forward P/E is 24.26.

Ten of the 12 analysts who cover Western Gas Partners rated it a buy; two analysts gave it a hold rating.

TheStreet Ratings gives Western Gas Partners an A+ grade with a buy rating and a $57.14 price target.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs