Western Gas Partners, LP (NYSE:WES) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $61.00 price target on the pipeline company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 15.12% from the company’s previous close.

According to Zacks, “WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. “

Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Western Gas Partners, from a “c+” rating to a “b” rating in a research report on Wednesday, April 26th. Guggenheim started coverage on shares of Western Gas Partners, in a research report on Monday, April 17th. They issued a “buy” rating and a $68.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 price objective on shares of Western Gas Partners, in a research report on Friday, April 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price objective on shares of Western Gas Partners, in a research report on Friday, July 14th. Finally, Scotiabank set a $61.00 price objective on shares of Western Gas Partners, and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $60.69.

Shares of Western Gas Partners, (NYSE:WES) traded up 0.02% during midday trading on Tuesday, hitting $53.00. 183,295 shares of the stock were exchanged. The firm has a market cap of $7.51 billion, a PE ratio of 36.96 and a beta of 1.20. Western Gas Partners, has a 12-month low of $46.85 and a 12-month high of $67.44. The firm has a 50-day moving average price of $54.95 and a 200 day moving average price of $58.87.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new position in shares of Western Gas Partners, during the fourth quarter valued at $276,000. Brookfield Asset Management Inc. increased its position in shares of Western Gas Partners, by 79.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 627,908 shares of the pipeline company’s stock valued at $36,896,000 after buying an additional 278,000 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Western Gas Partners, during the fourth quarter valued at $248,000. Creative Planning increased its position in shares of Western Gas Partners, by 33.1% in the first quarter. Creative Planning now owns 181,202 shares of the pipeline company’s stock valued at $10,954,000 after buying an additional 45,043 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its position in shares of Western Gas Partners, by 4.7% in the first quarter. Spirit of America Management Corp NY now owns 399,269 shares of the pipeline company’s stock valued at $24,135,000 after buying an additional 18,100 shares during the last quarter. 58.11% of the stock is owned by hedge funds and other institutional investors.

About Western Gas Partners,

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.

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Analyst Recommendations for Western Gas Partners, (NYSE:WES)

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