Western Gas Partners, LP (NYSE:WES) had its target price cut by Barclays PLC from $63.00 to $62.00 in a report released on Thursday, November 2nd. The brokerage presently has an “overweight” rating on the pipeline company’s stock. Barclays PLC’s price objective points to a potential upside of 37.41% from the company’s previous close.
Several other brokerages have also recently commented on WES. Stifel Nicolaus restated a “hold” rating and set a $60.00 target price on shares of Western Gas Partners, in a report on Friday, July 14th. Scotiabank set a $61.00 price target on Western Gas Partners, and gave the company a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a report on Tuesday, July 25th. BidaskClub upgraded Western Gas Partners, from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, TheStreet upgraded Western Gas Partners, from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $59.55.
Shares of Western Gas Partners, (WES) traded down $1.08 during midday trading on Thursday, hitting $45.12. The company had a trading volume of 505,392 shares, compared to its average volume of 439,637. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $7,050.00, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 5.47 and a beta of 1.18. Western Gas Partners, has a twelve month low of $43.62 and a twelve month high of $67.44.
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A number of institutional investors have recently made changes to their positions in WES. Ffcm LLC acquired a new stake in Western Gas Partners, in the 3rd quarter valued at approximately $113,000. Pathstone Family Office LLC bought a new position in Western Gas Partners, in the second quarter valued at approximately $136,000. Chicago Partners Investment Group LLC grew its stake in Western Gas Partners, by 60.2% in the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock valued at $139,000 after purchasing an additional 900 shares in the last quarter. Penserra Capital Management LLC bought a new position in Western Gas Partners, in the third quarter valued at approximately $142,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Western Gas Partners, in the first quarter valued at approximately $181,000. 54.20% of the stock is currently owned by institutional investors and hedge funds.
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.
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