Western Gas Partners (NYSE:WES)‘s stock had its “buy” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research report issued on Tuesday. They presently have a $61.00 price target on the pipeline company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 14.28% from the company’s current price.

A number of other research analysts have also recently issued reports on WES. Bank of America began coverage on shares of Western Gas Partners in a report on Tuesday, January 9th. They set a “neutral” rating for the company. ValuEngine cut shares of Western Gas Partners from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Credit Suisse Group began coverage on shares of Western Gas Partners in a report on Thursday, January 4th. They set a “neutral” rating and a $49.00 price objective for the company. Zacks Investment Research upgraded shares of Western Gas Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $54.00 price objective on shares of Western Gas Partners in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.00.

Shares of Western Gas Partners (WES) traded down $0.48 during trading hours on Tuesday, hitting $53.38. 586,940 shares of the stock traded hands, compared to its average volume of 594,090. Western Gas Partners has a 12 month low of $42.68 and a 12 month high of $67.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $8,150.00, a PE ratio of 40.14, a price-to-earnings-growth ratio of 3.97 and a beta of 1.14.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ffcm LLC bought a new stake in shares of Western Gas Partners in the third quarter worth $113,000. Pathstone Family Office LLC bought a new stake in shares of Western Gas Partners in the second quarter worth $136,000. Penserra Capital Management LLC bought a new stake in shares of Western Gas Partners in the third quarter worth $142,000. The Manufacturers Life Insurance Company lifted its position in shares of 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 worth $221,000 after purchasing an additional 265 shares in the last quarter. Finally, Biondo Investment Advisors LLC bought a new stake in shares of Western Gas Partners in the second quarter worth $232,000. 61.87% of the stock is currently owned by hedge funds and other institutional investors.

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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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