Western Gas Partners, LP (NYSE:WES) Stock Rating Lowered by TheStreet

Western Gas Partners, LP (NYSE:WES) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Monday, November 6th.

Other research analysts have also issued research reports about the stock. Seaport Global Securities started coverage on shares of Western Gas Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $64.00 price objective for the company. Stifel Nicolaus upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Saturday, October 28th. Morgan Stanley lowered their price target on shares of Western Gas Partners from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Finally, Scotiabank restated a “hold” rating and set a $61.00 price target on shares of Western Gas Partners in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Western Gas Partners presently has a consensus rating of “Hold” and an average price target of $59.55.

Western Gas Partners (NYSE:WES) traded down $0.43 on Monday, hitting $45.05. 129,906 shares of the stock were exchanged, compared to its average volume of 493,260. Western Gas Partners has a one year low of $43.62 and a one year high of $67.44. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6,870.00, a P/E ratio of 36.96, a P/E/G ratio of 5.55 and a beta of 1.18.

Western Gas Partners (NYSE:WES) last posted its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The company had revenue of $574.70 million during the quarter, compared to analyst estimates of $536.01 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. equities analysts predict that Western Gas Partners will post 1.37 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Good Life Advisors LLC acquired a new stake in shares of Western Gas Partners during the 2nd quarter worth approximately $239,000. Marshall Wace North America L.P. acquired a new stake in shares of Western Gas Partners during the 2nd quarter worth approximately $5,279,000. California Public Employees Retirement System grew its position in shares of Western Gas Partners by 5.6% during the 2nd quarter. California Public Employees Retirement System now owns 154,500 shares of the pipeline company’s stock worth $8,643,000 after buying an additional 8,200 shares during the period. State of New Jersey Common Pension Fund D grew its position in Western Gas Partners by 58.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 182,800 shares of the pipeline company’s stock valued at $9,374,000 after purchasing an additional 67,200 shares during the period. Finally, Creative Planning grew its position in Western Gas Partners by 34.5% in the 2nd quarter. Creative Planning now owns 243,628 shares of the pipeline company’s stock valued at $13,629,000 after purchasing an additional 62,426 shares during the period. 54.20% of the stock is owned by institutional investors.

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About Western Gas Partners

Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States.

Analyst Recommendations for Western Gas Partners (NYSE:WES)

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