NEW YORK (
) -- The ex-dividend date for
) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $35.85 as of 9:30 a.m. ET, the dividend yield is 4.7%.
The average volume for Western Gas has been 274,200 shares per day over the past 30 days. Western Gas has a market cap of $2.1 billion and is part of the
industry. Shares are up 16.9% year to date as of the close of trading on Tuesday.
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 20.2, below the average energy industry P/E ratio of 20.3 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 growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full