Credit Suisse Group AG reiterated their hold rating on shares of Western Gas Partners, LP (NYSE:WES) in a report published on Tuesday. The firm currently has a $62.00 price target on the stock.

Several other research firms have also weighed in on WES. Zacks Investment Research upgraded Western Gas Partners, from a hold rating to a buy rating and set a $65.00 target price on the stock in a report on Wednesday, October 19th. Barclays PLC lifted their target price on Western Gas Partners, from $60.00 to $63.00 and gave the stock an overweight rating in a report on Monday, October 10th. Deutsche Bank AG reiterated a buy rating and set a $56.00 target price on shares of Western Gas Partners, in a report on Thursday, October 6th. Royal Bank Of Canada lifted their target price on Western Gas Partners, from $60.00 to $64.00 and gave the stock an outperform rating in a report on Tuesday, October 11th. Finally, TheStreet lowered Western Gas Partners, from a buy rating to a hold rating in a report on Wednesday, November 2nd. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $54.19.

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

Western Gas Partners, (NYSE:WES) opened at 56.37 on Tuesday. The stock’s market capitalization is $7.37 billion. The firm has a 50-day moving average of $55.55 and a 200 day moving average of $51.12. Western Gas Partners, has a 52 week low of $25.40 and a 52 week high of $60.03.

Western Gas Partners, (NYSE:WES) last posted its earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.05. The business earned $481.64 million during the quarter, compared to analysts’ expectations of $462.31 million. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. On average, analysts anticipate that Western Gas Partners, will post $1.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, October 31st were given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date was Thursday, October 27th. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.83.

In other Western Gas Partners, news, Director David J. Tudor sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $49.12, for a total transaction of $196,480.00. Following the transaction, the director now owns 8,898 shares of the company’s stock, valued at $437,069.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James R. Crane sold 6,307 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $50.08, for a total value of $315,854.56. Following the transaction, the director now directly owns 293,341 shares in the company, valued at approximately $14,690,517.28. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the company. Bank of Montreal Can acquired a new position in shares of Western Gas Partners, during the second quarter worth $27,350,000. Chickasaw Capital Management LLC increased its position in shares of Western Gas Partners, by 16.4% in the third quarter. Chickasaw Capital Management LLC now owns 2,653,791 shares of the company’s stock worth $146,091,000 after buying an additional 373,871 shares during the period. Morgan Stanley increased its position in shares of Western Gas Partners, by 23.2% in the third quarter. Morgan Stanley now owns 1,530,251 shares of the company’s stock worth $84,241,000 after buying an additional 288,593 shares during the period. Wells Fargo & Company MN increased its position in shares of Western Gas Partners, by 77.4% in the third quarter. Wells Fargo & Company MN now owns 409,334 shares of the company’s stock worth $22,533,000 after buying an additional 178,600 shares during the period. Finally, Alps Advisors Inc. increased its position in shares of Western Gas Partners, by 2.4% in the third quarter. Alps Advisors Inc. now owns 4,944,434 shares of the company’s stock worth $272,191,000 after buying an additional 115,888 shares during the period.

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.

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