Western Gas Partners, LP (NYSE:WES) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm currently has a $61.00 price objective on the stock. Zacks Investment Research’s price target would indicate a potential upside of 11.19% from the stock’s previous close.

According to Zacks, “WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. “

Other analysts also recently issued reports about the stock. Barclays PLC reaffirmed a “buy” rating and set a $63.00 price objective on shares of Western Gas Partners, in a report on Tuesday. Deutsche Bank AG reaffirmed a “buy” rating and set a $56.00 price objective on shares of Western Gas Partners, in a report on Thursday, October 6th. Janney Montgomery Scott initiated coverage on shares of Western Gas Partners, in a report on Friday, July 29th. They set a “buy” rating and a $60.00 price objective for the company. TheStreet raised shares of Western Gas Partners, from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $62.00 price target on shares of Western Gas Partners, in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Western Gas Partners, has a consensus rating of “Hold” and an average target price of $54.06.

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

Shares of Western Gas Partners, (NYSE:WES) opened at 54.86 on Friday. The firm’s 50-day moving average price is $55.67 and its 200-day moving average price is $51.16. The firm’s market capitalization is $7.84 billion. Western Gas Partners, has a one year low of $25.40 and a one year high of $60.03.

Western Gas Partners, (NYSE:WES) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by $0.05. The firm had revenue of $481.64 million for the quarter, compared to the consensus estimate of $462.31 million. During the same period in the prior year, the company earned $0.77 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that Western Gas Partners, will post $1.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, October 31st were paid a dividend of $0.845 per share. The ex-dividend date was Thursday, October 27th. This represents a $3.38 annualized dividend and a yield of 6.16%. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.83.

In related news, Director James R. Crane sold 129,914 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $8,878,986.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Tudor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $49.12, for a total transaction of $196,480.00. Following the sale, the director now directly owns 8,898 shares in the company, valued at approximately $437,069.76. The disclosure for this sale can be found here.

Large investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in Western Gas Partners, by 2.4% in the third quarter. Alps Advisors Inc. now owns 4,944,434 shares of the company’s stock valued at $272,191,000 after buying an additional 115,888 shares during the last quarter. 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 valued at $146,091,000 after buying an additional 373,871 shares in the last quarter. 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 valued at $84,241,000 after buying an additional 288,593 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Western Gas Partners, by 6.3% in the second quarter. JPMorgan Chase & Co. now owns 1,479,287 shares of the company’s stock valued at $74,555,000 after buying an additional 88,101 shares in the last quarter. Finally, Dividend Assets Capital LLC increased its position in shares of Western Gas Partners, by 3.4% in the third quarter. Dividend Assets Capital LLC now owns 668,528 shares of the company’s stock valued at $36,820,000 after buying an additional 22,065 shares in the last quarter.

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.

5 Day Chart for NYSE:WES

Receive News & Stock Ratings for Western Gas Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Partners LP and related stocks with our FREE daily email newsletter.