Western Gas Partners, LP (NYSE:WES) had its target price decreased by research analysts at Barclays PLC from $63.00 to $62.00 in a research report issued to clients and investors on Thursday. The brokerage presently has an “overweight” rating on the pipeline company’s stock. Barclays PLC’s price objective suggests a potential upside of 29.46% from the company’s current price.

A number of other analysts have also recently commented on WES. Scotiabank set a $61.00 price objective on shares of Western Gas Partners, and gave the company a “hold” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 target price on shares of Western Gas Partners, in a research note on Friday, July 14th. BidaskClub raised shares of Western Gas Partners, from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research note on Tuesday, July 25th. Finally, TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Western Gas Partners, has an average rating of “Hold” and a consensus price target of $59.83.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.16). Western Gas Partners, had a net margin of 26.41% and a return on equity of 14.93%. The firm had revenue of $574.70 million during the quarter, compared to the consensus estimate of $536.01 million. During the same quarter in the prior year, the company earned $0.54 EPS. Western Gas Partners,’s quarterly revenue was up 19.3% on a year-over-year basis.

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Several institutional investors have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Western Gas Partners, by 1.5% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,044,287 shares of the pipeline company’s stock worth $673,757,000 after buying an additional 176,965 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Western Gas Partners, by 4.5% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 11,649,319 shares of the pipeline company’s stock worth $651,663,000 after buying an additional 499,048 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Western Gas Partners, by 16.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,319,167 shares of the pipeline company’s stock worth $409,434,000 after buying an additional 1,024,568 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Western Gas Partners, by 5.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,412,296 shares of the pipeline company’s stock worth $246,824,000 after buying an additional 226,257 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Western Gas Partners, by 7.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,824,361 shares of the pipeline company’s stock worth $102,054,000 after buying an additional 127,812 shares during the last quarter. Institutional investors own 59.63% of the company’s stock.

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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