NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $37.52, above its previous 52-week high of $37.48 with 102,627 shares traded as of 2:21 p.m. ET. Average volume has been 244,800 shares over the past 30 days.
Western Gas has a market cap of $3.27 billion and is part of the
industry. Shares are up 23.3% year to date as of the close of trading on Monday.
Western Gas Partners, LP, together with its subsidiaries, engages in the acquisition, ownership, development, and operation of midstream energy assets in east and west Texas, the Rocky Mountains, and the Mid-Continent. The company has a P/E ratio of 20.3, below the average energy industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Western Gas as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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