Western Gas Partners, LP (NYSE:WES) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Tuesday.

Other analysts have also issued reports about the stock. Guggenheim initiated 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 target for the company. Royal Bank Of Canada restated a “buy” rating and issued a $69.00 price objective on shares of Western Gas Partners, in a report on Friday, April 7th. Zacks Investment Research upgraded Western Gas Partners, from a “strong sell” rating to a “hold” rating in a report on Thursday, May 11th. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price objective on shares of Western Gas Partners, in a report on Friday, July 14th. Finally, Scotiabank set a $61.00 price objective on Western Gas Partners, and gave the stock a “hold” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.69.

Shares of Western Gas Partners, (WES) traded down 0.77% during mid-day trading on Tuesday, hitting $52.70. 758,043 shares of the stock traded hands. The firm’s 50 day moving average price is $54.95 and its 200-day moving average price is $58.87. Western Gas Partners, has a 12-month low of $46.85 and a 12-month high of $67.44. The stock has a market cap of $7.46 billion, a P/E ratio of 36.75 and a beta of 1.20.

Western Gas Partners, (NYSE:WES) last posted its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $525.45 million during the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a return on equity of 16.13% and a net margin of 29.79%. Western Gas Partners,’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Analysts predict that Western Gas Partners, will post $1.97 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hirtle Callaghan & Co LLC purchased a new position in shares of Western Gas Partners, during the first quarter valued at approximately $121,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Western Gas Partners, during the first quarter valued at approximately $181,000. Suntrust Banks Inc. purchased a new position in shares of Western Gas Partners, during the first quarter valued at approximately $201,000. Reynders McVeigh Capital Management LLC purchased a new position in shares of Western Gas Partners, during the first quarter valued at approximately $203,000. Finally, Signature Financial Management Inc. purchased a new position in shares of Western Gas Partners, during the first quarter valued at approximately $206,000. 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.

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

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