Western Gas Partners, LP (NYSE:WES)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a research note issued to investors on Thursday. They presently have a $56.00 price objective on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 0.72% from the stock’s current price.

Several other brokerages have also recently issued reports on WES. Mitsubishi UFJ Financial Group initiated coverage on Western Gas Partners, in a research note on Friday, June 17th. They issued a “neutral” rating and a $59.00 price objective on the stock. Zacks Investment Research upgraded Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research note on Tuesday, July 26th. Credit Suisse Group AG reiterated a “hold” rating on shares of Western Gas Partners, in a research note on Thursday, July 28th. TheStreet upgraded Western Gas Partners, from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Janney Montgomery Scott initiated coverage on Western Gas Partners, in a research note on Friday, July 29th. They issued a “buy” rating and a $60.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.64.

Analyst Recommendations for Western Gas Partners, (NYSE:WES)

Western Gas Partners, (NYSE:WES) traded down 1.862% during mid-day trading on Thursday, reaching $54.565. The company’s stock had a trading volume of 147,297 shares. The firm has a market cap of $7.78 billion, a PE ratio of 322.870 and a beta of 0.96. Western Gas Partners, has a one year low of $25.40 and a one year high of $56.11. The stock’s 50 day moving average is $50.94 and its 200 day moving average is $48.89.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $428.70 million for the quarter, compared to analyst estimates of $438.63 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, analysts anticipate that Western Gas Partners, will post $1.89 EPS for the current year.

In related news, Director James R. Crane sold 129,914 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $50.86, for a total value of $6,607,426.04. Following the completion of the sale, the director now owns 174,577 shares in the company, valued at $8,878,986.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James R. Crane sold 60,456 shares of the firm’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $50.39, for a total transaction of $3,046,377.84. Following the completion of the sale, the director now owns 409,502 shares of the company’s stock, valued at approximately $20,634,805.78. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of Western Gas Partners, by 33.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,900,934 shares of the company’s stock worth $212,749,000 after buying an additional 1,218,204 shares during the last quarter. Chilton Capital Management LLC increased its stake in shares of Western Gas Partners, by 0.9% in the first quarter. Chilton Capital Management LLC now owns 48,107 shares of the company’s stock worth $2,088,000 after buying an additional 410 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Western Gas Partners, during the first quarter worth approximately $583,000. BB&T Securities LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth approximately $394,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Western Gas Partners, during the second quarter worth approximately $208,000.

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 for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.

5 Day Chart for NYSE:WES

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