Western Gas Partners (NYSE:WES) had its target price hoisted by Barclays from $49.00 to $50.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the pipeline company’s stock. Barclays’ price target suggests a potential upside of 0.97% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Morgan Stanley decreased their target price on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, August 17th. Stifel Nicolaus upped their target price on shares of Western Gas Partners from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Bank of America upped their target price on shares of Western Gas Partners from $47.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, June 5th. TheStreet upgraded shares of Western Gas Partners from a “c+” rating to a “b-” rating in a research note on Wednesday, May 23rd. Finally, ValuEngine upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $54.85.

Shares of WES stock opened at $49.52 on Wednesday. The firm has a market capitalization of $7.96 billion, a PE ratio of 38.09, a PEG ratio of 4.76 and a beta of 1.31. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.13. Western Gas Partners has a twelve month low of $40.44 and a twelve month high of $54.40.

Western Gas Partners (NYSE:WES) last announced its earnings results on Tuesday, July 31st. The pipeline company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $435.95 million during the quarter. Western Gas Partners had a net margin of 22.80% and a return on equity of 12.18%. research analysts predict that Western Gas Partners will post 1.83 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Western Gas Partners during the second quarter worth $187,000. LVW Advisors LLC acquired a new stake in shares of Western Gas Partners during the second quarter worth $202,000. Penn Davis Mcfarland Inc. acquired a new stake in shares of Western Gas Partners during the second quarter worth $266,000. Sonata Capital Group Inc. acquired a new stake in shares of Western Gas Partners during the second quarter worth $296,000. Finally, Stephens Inc. AR raised its holdings in shares of Western Gas Partners by 15.0% during the first quarter. Stephens Inc. AR now owns 9,105 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 1,187 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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Analyst Recommendations for Western Gas Partners (NYSE:WES)

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