Western Gas Partners, LP (WES) Given Average Recommendation of “Hold” by Brokerages

Shares of Western Gas Partners, LP (NYSE:WES) have been given an average rating of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $59.00.

A number of research firms have recently weighed in on WES. Bank of America began coverage on shares of Western Gas Partners in a research report on Tuesday. They issued a “neutral” rating for the company. ValuEngine downgraded shares of Western Gas Partners from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Credit Suisse Group began coverage on shares of Western Gas Partners in a research report on Thursday, January 4th. They issued a “neutral” rating and a $49.00 price target for the company. Zacks Investment Research upgraded shares of Western Gas Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price objective on shares of Western Gas Partners in a research note on Thursday, October 12th.

Western Gas Partners (NYSE WES) traded up $0.45 during midday trading on Tuesday, hitting $52.23. 297,300 shares of the stock were exchanged, compared to its average volume of 575,102. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Western Gas Partners has a 52 week low of $42.68 and a 52 week high of $67.44. The firm has a market capitalization of $7,970.00, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 3.81 and a beta of 1.14.

Western Gas Partners (NYSE:WES) last released its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The business had revenue of $574.70 million during the quarter, compared to analyst estimates of $536.01 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. research analysts predict that Western Gas Partners will post 1.44 earnings per share for the current year.

A number of large investors have recently made changes to their positions in WES. Ffcm LLC bought a new position in Western Gas Partners in the third quarter valued at approximately $113,000. Pathstone Family Office LLC bought a new position in Western Gas Partners in the second quarter valued at approximately $136,000. Penserra Capital Management LLC bought a new position in Western Gas Partners in the third quarter valued at approximately $142,000. The Manufacturers Life Insurance Company increased its stake in Western Gas Partners by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 3,954 shares of the pipeline company’s stock valued at $221,000 after acquiring an additional 265 shares during the last quarter. Finally, Biondo Investment Advisors LLC bought a new stake in shares of Western Gas Partners during the second quarter worth $232,000. 61.76% of the stock is currently owned by institutional investors and hedge funds.

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Western Gas Partners Company Profile

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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