Western Gas Partners, LP (NYSE:WES) has earned a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $54.85.

A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Bank of America boosted their target price on shares of Western Gas Partners from $47.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, June 5th. Barclays boosted their target price on shares of Western Gas Partners from $45.00 to $49.00 and gave the company a “hold” rating in a research report on Tuesday, June 12th. 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 report on Tuesday, July 31st. Finally, Morgan Stanley decreased 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 report on Friday, August 17th.

NYSE WES remained flat at $$45.84 on Friday. 836,040 shares of the company were exchanged, compared to its average volume of 639,607. The firm has a market capitalization of $7.00 billion, a P/E ratio of 55.23, a PEG ratio of 4.18 and a beta of 1.28. Western Gas Partners has a 52 week low of $40.44 and a 52 week high of $54.40. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.13.

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 company 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 predict that Western Gas Partners will post 1.83 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in Western Gas Partners by 3.2% in the second quarter. Northern Trust Corp now owns 40,042 shares of the pipeline company’s stock valued at $1,938,000 after buying an additional 1,259 shares in the last quarter. Summit Equities Inc increased its holdings in Western Gas Partners by 8.8% in the first quarter. Summit Equities Inc now owns 16,150 shares of the pipeline company’s stock valued at $689,000 after buying an additional 1,313 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in Western Gas Partners by 20.4% in the second quarter. Segall Bryant & Hamill LLC now owns 8,185 shares of the pipeline company’s stock valued at $396,000 after buying an additional 1,385 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Western Gas Partners by 2.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 77,571 shares of the pipeline company’s stock valued at $3,754,000 after buying an additional 1,600 shares in the last quarter. Finally, Cbre Clarion Securities LLC increased its stake in shares of Western Gas Partners by 3.3% during the second quarter. Cbre Clarion Securities LLC now owns 57,153 shares of the pipeline company’s stock worth $2,766,000 after purchasing an additional 1,800 shares in the last quarter. 59.79% of the stock is owned by institutional investors.

About Western Gas Partners

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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Analyst Recommendations for Western Gas Partners (NYSE:WES)

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