Western Gas Partners, LP (NYSE:WES) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

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. “

WES has been the subject of a number of other research reports. BidaskClub downgraded Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price target on shares of Western Gas Partners, in a research report on Friday, July 14th. Finally, TheStreet raised Western Gas Partners, from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Western Gas Partners, presently has a consensus rating of “Hold” and an average price target of $61.18.

Western Gas Partners, (WES) traded up 0.67% during mid-day trading on Thursday, hitting $52.62. 214,905 shares of the company traded hands. The company’s 50-day moving average price is $50.63 and its 200 day moving average price is $54.72. Western Gas Partners, has a one year low of $48.04 and a one year high of $67.44. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 37.61 and a beta of 1.17.

Western Gas Partners, (NYSE:WES) last posted its 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). 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 the consensus estimate of $488.21 million. During the same period in the previous year, the company posted $0.55 earnings per share. Western Gas Partners,’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts anticipate that Western Gas Partners, will post $1.52 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Good Life Advisors LLC acquired a new stake in shares of Western Gas Partners, in the 2nd quarter valued at approximately $239,000. Marshall Wace North America L.P. acquired a new stake in shares of Western Gas Partners, in the 2nd quarter valued at approximately $5,279,000. Creative Planning boosted its holdings in shares of Western Gas Partners, by 34.5% in the 2nd 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 last quarter. KCG Holdings Inc. boosted its holdings in shares of Western Gas Partners, by 14.9% in the 1st quarter. KCG Holdings Inc. now owns 8,742 shares of the pipeline company’s stock valued at $528,000 after buying an additional 1,136 shares during the last quarter. Finally, Keybank National Association OH boosted its holdings in shares of Western Gas Partners, by 101.4% in the 2nd quarter. Keybank National Association OH now owns 9,655 shares of the pipeline company’s stock valued at $540,000 after buying an additional 4,860 shares during the last quarter. 59.35% of the stock is owned by 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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