Western Gas Partners, LP (NYSE:WES) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Monday.

Several other research analysts have also recently issued reports on WES. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 target price on shares of Western Gas Partners, in a report on Friday, July 14th. Scotiabank set a $61.00 target price on shares of Western Gas Partners, and gave the stock a “hold” rating in a report on Tuesday, July 11th. TheStreet cut shares of Western Gas Partners, from a “b” rating to a “c+” rating in a report on Monday, June 5th. Guggenheim began coverage on shares of Western Gas Partners, in a report on Monday, April 17th. They issued a “buy” rating and a $68.00 target price for the company. Finally, Citigroup Inc. lifted their target price on shares of Western Gas Partners, from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.54.

Shares of Western Gas Partners, (NYSE:WES) traded down 0.39% during midday trading on Monday, reaching $52.99. 524,786 shares of the company’s stock were exchanged. The stock has a market capitalization of $7.51 billion, a P/E ratio of 36.95 and a beta of 1.20. The firm has a 50-day moving average of $55.11 and a 200-day moving average of $58.99. Western Gas Partners, has a 12-month low of $46.85 and a 12-month high of $67.44.

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Several institutional investors have recently bought and sold shares of the company. New Capital Management LP purchased a new position in Western Gas Partners, during the fourth quarter worth $102,000. Hirtle Callaghan & Co LLC purchased a new position in Western Gas Partners, during the first quarter worth $121,000. IFP Advisors Inc raised its position in Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the pipeline company’s stock worth $123,000 after buying an additional 202 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Western Gas Partners, during the first quarter worth $151,000. Finally, Solaris Asset Management LLC raised its position in Western Gas Partners, by 61.8% in the third quarter. Solaris Asset Management LLC now owns 2,750 shares of the pipeline company’s stock worth $151,000 after buying an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 58.11% 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)

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