Western Gas Partners, LP (NYSE:WES) had its price objective increased by Royal Bank Of Canada from $60.00 to $64.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 16.22% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Western Gas Partners, in a research report on Thursday, July 28th. TheStreet raised shares of Western Gas Partners, from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $56.00 target price on shares of Western Gas Partners, in a research report on Thursday, October 6th. Janney Montgomery Scott initiated coverage on shares of Western Gas Partners, in a research report on Friday, July 29th. They set a “buy” rating and a $60.00 target price for the company. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Western Gas Partners, in a research report on Friday, June 17th. They set a “neutral” rating and a $59.00 target price for the company. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.53.

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

Western Gas Partners, (NYSE:WES) opened at 55.07 on Tuesday. The company has a market cap of $7.85 billion, a PE ratio of 325.86 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 has a 50 day moving average price of $51.27 and a 200 day moving average price of $49.24.

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

In other news, Director James R. Crane sold 60,456 shares of the firm’s stock in a transaction on 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 sale, the director now owns 409,502 shares in the company, valued at approximately $20,634,805.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James R. Crane sold 129,914 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $50.86, for a total transaction of $6,607,426.04. Following the sale, the director now owns 174,577 shares in the company, valued at approximately $8,878,986.22. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the stock. Williams Jones & Associates LLC boosted its stake in Western Gas Partners, by 16.0% in the second quarter. Williams Jones & Associates LLC now owns 36,635 shares of the company’s stock valued at $1,846,000 after buying an additional 5,050 shares during the period. IFP Advisors Inc boosted its stake in Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the company’s stock valued at $123,000 after buying an additional 202 shares during the period. Virtu Financial LLC bought a new stake in Western Gas Partners, during the second quarter valued at $1,523,000. Cypress Wealth Advisors LLC boosted its stake in Western Gas Partners, by 6.3% in the second quarter. Cypress Wealth Advisors LLC now owns 12,155 shares of the company’s stock valued at $613,000 after buying an additional 725 shares during the period. Finally, Balentine LLC bought a new stake in Western Gas Partners, during the second quarter valued at $227,000.

Western Gas Partners, Company Profile

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.

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