Zacks Investment Research upgraded shares of Western Gas Partners, LP (NYSE:WES) from a hold rating to a buy rating in a research note released on Saturday. They currently have $61.00 price objective on the stock.

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 research analysts also recently issued research reports about the company. RBC Capital Markets reaffirmed an outperform rating and set a $64.00 price objective (up previously from $60.00) on shares of Western Gas Partners, in a report on Wednesday, October 12th. TheStreet downgraded Western Gas Partners, from a buy rating to a hold rating in a report on Wednesday, November 2nd. Janney Montgomery Scott assumed coverage on Western Gas Partners, in a report on Friday, July 29th. They set a buy rating and a $60.00 price objective on the stock. Credit Suisse Group AG reaffirmed a hold rating and set a $62.00 price objective on shares of Western Gas Partners, in a report on Tuesday. Finally, Barclays PLC reaffirmed a buy rating and set a $63.00 price objective on shares of Western Gas Partners, in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $54.06.

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

Western Gas Partners, (NYSE:WES) opened at 54.86 on Friday. The stock’s 50 day moving average price is $55.67 and its 200-day moving average price is $51.16. The stock’s market cap 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 announced its earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by $0.05. The firm earned $481.64 million during the quarter, compared to analyst estimates of $462.31 million. Western Gas Partners,’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. On average, analysts predict that Western Gas Partners, will post $1.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, October 31st were issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend was Thursday, October 27th. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.83.

In other Western Gas Partners, news, Director James R. Crane sold 57,064 shares of the stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $50.00, for a total transaction of $2,853,200.00. Following the completion of the transaction, the director now owns 293,341 shares in the company, valued at approximately $14,667,050. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James R. Crane sold 129,914 shares of the stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $50.86, for a total value of $6,607,426.04. Following the transaction, the director now owns 174,577 shares of the company’s stock, valued at approximately $8,878,986.22. The disclosure for this sale can be found here.

A number of institutional investors have recently added to or reduced their stakes in WES. Sequoia Financial Advisors LLC bought a new position in shares of Western Gas Partners, during the second quarter valued at $243,000. Bank of Montreal Can bought a new position in shares of Western Gas Partners, during the second quarter valued at $27,350,000. Adams Asset Advisors LLC boosted its position in shares of Western Gas Partners, by 3.8% in the second quarter. Adams Asset Advisors LLC now owns 28,277 shares of the company’s stock valued at $1,425,000 after buying an additional 1,027 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Western Gas Partners, by 7.9% in the second quarter. Trust Co. of Vermont now owns 5,396 shares of the company’s stock valued at $272,000 after buying an additional 396 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Western Gas Partners, by 3.0% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,420 shares of the company’s stock valued at $878,000 after buying an additional 500 shares during the last quarter.

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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