MarkWest Energy Partners Downgraded by Jefferies Group to “Hold” (MWE)
MarkWest Energy Partners (NYSE:MWE) was downgraded by Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $75.00 price target on the stock, down from their previous price target of $78.00. Jefferies Group’s target price would indicate a potential upside of 6.99% from the company’s current price.
Shares of MarkWest Energy Partners (NYSE:MWE) traded down 2.92% on Tuesday, hitting $68.05. The stock had a trading volume of 1,028,516 shares. MarkWest Energy Partners has a 1-year low of $54.60 and a 1-year high of $75.79. The stock’s 50-day moving average is $69.21 and its 200-day moving average is $69.20. The company has a market cap of $10.241 billion and a P/E ratio of 138.26.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of MarkWest Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Separately, analysts at Bank of America upgraded shares of MarkWest Energy Partners to a “buy” rating in a research note on Wednesday, January 15th. Finally, analysts at Wunderlich initiated coverage on shares of MarkWest Energy Partners in a research note on Wednesday, January 15th. They set a “buy” rating and a $78.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. MarkWest Energy Partners currently has a consensus rating of “Buy” and a consensus target price of $75.44.
MarkWest Energy Partners, L.P. is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of NGLs, and the gathering and transportation of crude oil.
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