Western Gas Partners (NYSE:WES)‘s stock had its “buy” rating reiterated by Royal Bank of Canada in a report released on Tuesday. They currently have a $61.00 price objective on the pipeline company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 13.26% from the company’s current price.

Several other brokerages have also recently issued reports on WES. Zacks Investment Research cut Western Gas Partners from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 target price on shares of Western Gas Partners in a research report on Thursday, October 12th. Seaport Global Securities assumed coverage on Western Gas Partners in a research report on Tuesday, October 10th. They issued a “buy” rating and a $64.00 target price on the stock. Morgan Stanley decreased their price objective on Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Western Gas Partners in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.00.

Shares of Western Gas Partners (WES) traded up $0.01 during trading hours on Tuesday, reaching $53.86. The company’s stock had a trading volume of 2,069,100 shares, compared to its average volume of 727,078. The stock has a market capitalization of $8,220.00, a PE ratio of 40.50, a price-to-earnings-growth ratio of 3.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.91. Western Gas Partners has a fifty-two week low of $42.68 and a fifty-two week high of $67.44.

Western Gas Partners (NYSE:WES) last announced its earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.16). The firm had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $536.01 million. Western Gas Partners had a return on equity of 14.68% and a net margin of 26.41%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. equities analysts forecast that Western Gas Partners will post 1.44 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. raised its stake in shares of Western Gas Partners by 6.7% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 12,847,861 shares of the pipeline company’s stock worth $658,838,000 after buying an additional 803,574 shares during the period. Alps Advisors Inc. raised its stake in Western Gas Partners by 11.1% during the 3rd quarter. Alps Advisors Inc. now owns 8,134,462 shares of the pipeline company’s stock valued at $417,135,000 after purchasing an additional 815,295 shares during the period. Goldman Sachs Group Inc. raised its stake in Western Gas Partners by 5.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,412,296 shares of the pipeline company’s stock valued at $246,824,000 after purchasing an additional 226,257 shares during the period. Center Coast Capital Advisors LP raised its stake in Western Gas Partners by 67.0% during the 3rd quarter. Center Coast Capital Advisors LP now owns 4,061,697 shares of the pipeline company’s stock valued at $208,284,000 after purchasing an additional 1,629,760 shares during the period. Finally, Chickasaw Capital Management LLC raised its stake in Western Gas Partners by 6.3% during the 4th quarter. Chickasaw Capital Management LLC now owns 2,858,653 shares of the pipeline company’s stock valued at $137,473,000 after purchasing an additional 168,361 shares during the period. 61.87% of the stock is currently owned by hedge funds and other institutional investors.

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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 in the United States.

Analyst Recommendations for Western Gas Partners (NYSE:WES)

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