Western Gas Partners, LP (NYSE:WES) has been given an average rating of “Hold” by the sixteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $60.67.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Western Gas Partners, from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada reissued a “buy” rating and set a $69.00 target price on shares of Western Gas Partners, in a research report on Friday, April 7th. Citigroup Inc raised their target price on Western Gas Partners, from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Macquarie assumed coverage on Western Gas Partners, in a research report on Friday, April 21st. They set an “outperform” rating and a $51.00 target price on the stock. Finally, Guggenheim assumed coverage on Western Gas Partners, in a research report on Monday, April 17th. They set a “buy” rating and a $68.00 target price on the stock.

Western Gas Partners, (NYSE WES) traded down 0.63% during trading on Tuesday, reaching $56.36. The company’s stock had a trading volume of 199,105 shares. Western Gas Partners, has a 1-year low of $46.85 and a 1-year high of $67.44. The stock has a market capitalization of $7.98 billion, a PE ratio of 39.30 and a beta of 1.20. The stock has a 50 day moving average price of $55.08 and a 200 day moving average price of $59.13.

TRADEMARK VIOLATION NOTICE: “Western Gas Partners, LP (NYSE:WES) Given Consensus Rating of “Hold” by Brokerages” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/07/18/western-gas-partners-lp-nysewes-given-consensus-rating-of-hold-by-brokerages.html.

Several hedge funds and other institutional investors have recently made changes to their positions in WES. Diversified Trust Co increased its position in shares of Western Gas Partners, by 9.7% in the second quarter. Diversified Trust Co now owns 30,335 shares of the pipeline company’s stock valued at $1,697,000 after buying an additional 2,686 shares during the period. Spirit of America Management Corp NY increased its position in shares of Western Gas Partners, by 0.5% in the second quarter. Spirit of America Management Corp NY now owns 401,169 shares of the pipeline company’s stock valued at $22,442,000 after buying an additional 1,900 shares during the period. Creative Planning increased its position in shares of Western Gas Partners, by 34.5% in the second quarter. Creative Planning now owns 243,628 shares of the pipeline company’s stock valued at $13,629,000 after buying an additional 62,426 shares during the period. Trust Co. of Vermont bought a new position in shares of Western Gas Partners, during the second quarter valued at $302,000. Finally, Virtu Financial LLC increased its position in shares of Western Gas Partners, by 210.6% in the second quarter. Virtu Financial LLC now owns 53,624 shares of the pipeline company’s stock valued at $3,000,000 after buying an additional 36,360 shares during the period. Institutional investors own 58.03% of the company’s stock.

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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.