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

Other research analysts have also issued research reports about the company. TheStreet upgraded Western Gas Partners, from a “c+” rating to a “b” rating in a research report on Wednesday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price target on shares of Western Gas Partners, in a research report on Friday, July 14th. Scotiabank set a $61.00 price target on Western Gas Partners, and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Western Gas Partners, from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Citigroup Inc. boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $61.18.

Shares of Western Gas Partners, (NYSE WES) opened at 49.39 on Wednesday. Western Gas Partners, has a one year low of $46.85 and a one year high of $67.44. The company has a 50-day moving average of $52.95 and a 200 day moving average of $57.42. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 35.30 and a beta of 1.19.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The business had revenue of $525.45 million for the quarter, compared to analyst estimates of $488.21 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. On average, equities analysts forecast that Western Gas Partners, will post $1.53 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/23/western-gas-partners-lp-wes-downgraded-by-bidaskclub-to-strong-sell.html.

Several large investors have recently made changes to their positions in WES. Duff & Phelps Investment Management Company increased its stake in shares of Western Gas Partners, by 5.3% in the fourth quarter. Duff & Phelps Investment Management Company now owns 457,400 shares of the pipeline company’s stock valued at $21,740,000 after buying an additional 23,200 shares in the last quarter. Creative Planning raised its position in Western Gas Partners, by 35.2% in the fourth quarter. Creative Planning now owns 31,716 shares of the pipeline company’s stock valued at $1,507,000 after buying an additional 8,258 shares during the last quarter. Spirit of America Management raised its position in Western Gas Partners, by 2.8% in the fourth quarter. Spirit of America Management now owns 238,389 shares of the pipeline company’s stock valued at $11,331,000 after buying an additional 6,500 shares during the last quarter. Country Club Trust Company n.a. raised its position in Western Gas Partners, by 1.0% in the fourth quarter. Country Club Trust Company n.a. now owns 11,798 shares of the pipeline company’s stock valued at $561,000 after buying an additional 112 shares during the last quarter. Finally, MAI Capital Management raised its position in Western Gas Partners, by 1.4% in the fourth quarter. MAI Capital Management now owns 92,461 shares of the pipeline company’s stock valued at $4,395,000 after buying an additional 1,238 shares during the last quarter. 55.32% of the stock is owned by institutional investors and hedge funds.

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)

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.