Western Gas Partners (WES) Price Target Increased to $51.00 by Analysts at Barclays

Western Gas Partners (NYSE:WES) had its price target upped by investment analysts at Barclays from $50.00 to $51.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays’ target price points to a potential upside of 10.99% from the company’s previous close.

A number of other research analysts have also issued reports on WES. Zacks Investment Research raised shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, July 26th. ValuEngine raised shares of Western Gas Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Citigroup boosted their target price on shares of Western Gas Partners from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Stifel Nicolaus boosted their target price on shares of Western Gas Partners from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Morgan Stanley reduced their target price on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, August 17th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Western Gas Partners presently has an average rating of “Hold” and an average target price of $53.57.

Western Gas Partners stock opened at $45.95 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.13. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 3.98 and a beta of 1.30. Western Gas Partners has a 52-week low of $40.44 and a 52-week high of $54.40.

Western Gas Partners (NYSE:WES) last posted its earnings results on Tuesday, July 31st. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $435.95 million during the quarter. Western Gas Partners had a net margin of 22.80% and a return on equity of 12.18%. Equities analysts forecast that Western Gas Partners will post 1.83 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Duff & Phelps Investment Management Company grew its position in 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 worth $21,740,000 after acquiring an additional 23,200 shares in the last quarter. Creative Planning boosted its holdings in shares of Western Gas Partners by 35.2% during the 4th quarter. Creative Planning now owns 31,716 shares of the pipeline company’s stock worth $1,507,000 after buying an additional 8,258 shares during the period. Spirit of America Management boosted its holdings in shares of Western Gas Partners by 2.8% during the 4th quarter. Spirit of America Management now owns 238,389 shares of the pipeline company’s stock worth $11,331,000 after buying an additional 6,500 shares during the period. Country Club Trust Company n.a. boosted its holdings in shares of Western Gas Partners by 1.0% during the 4th quarter. Country Club Trust Company n.a. now owns 11,798 shares of the pipeline company’s stock worth $561,000 after buying an additional 112 shares during the period. Finally, MAI Capital Management boosted its holdings in shares of Western Gas Partners by 1.4% during the 4th quarter. MAI Capital Management now owns 92,461 shares of the pipeline company’s stock worth $4,395,000 after buying an additional 1,238 shares during the period. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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