Zacks Investment Research cut shares of Western Gas Partners, LP (NYSE:WES) from a buy rating to a hold rating in a report published on Thursday morning.

According to Zacks, “WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. “

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus raised shares of Western Gas Partners, from a hold rating to a buy rating and set a $54.00 price target for the company in a research note on Wednesday, October 25th. Scotiabank reissued a hold rating and issued a $61.00 price target on shares of Western Gas Partners, in a research note on Wednesday, October 25th. Seaport Global Securities assumed coverage on shares of Western Gas Partners, in a research note on Tuesday, October 10th. They issued a buy rating and a $64.00 price target for the company. BidaskClub cut shares of Western Gas Partners, from a sell rating to a strong sell rating in a research note on Wednesday, August 23rd. 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Western Gas Partners, has an average rating of Hold and a consensus price target of $59.83.

Western Gas Partners, (WES) traded up $0.11 during mid-day trading on Thursday, reaching $46.50. 538,520 shares of the company’s stock were exchanged, compared to its average volume of 529,432. The company has a current ratio of 0.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83. Western Gas Partners, has a fifty-two week low of $45.34 and a fifty-two week high of $67.44. The stock has a market cap of $7,095.99, a PE ratio of 37.80, a PEG ratio of 5.53 and a beta of 1.18.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings results 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 return on equity of 14.68% and a net margin of 26.41%. The company had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $536.01 million. During the same period in the prior year, the firm earned $0.54 EPS. Western Gas Partners,’s quarterly revenue was up 19.3% on a year-over-year basis. sell-side analysts forecast that Western Gas Partners, will post 1.4 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Thursday, November 2nd will be issued a $0.905 dividend. This represents a $3.62 dividend on an annualized basis and a dividend yield of 7.78%. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, November 1st. Western Gas Partners,’s payout ratio is presently 294.31%.

A number of large investors have recently bought and sold shares of WES. Bank of New York Mellon Corp raised its holdings in Western Gas Partners, by 13.8% during the 1st quarter. Bank of New York Mellon Corp now owns 85,619 shares of the pipeline company’s stock valued at $5,176,000 after buying an additional 10,394 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Western Gas Partners, by 23.2% during the 1st quarter. Ameriprise Financial Inc. now owns 22,933 shares of the pipeline company’s stock valued at $1,386,000 after buying an additional 4,319 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Western Gas Partners, by 40.6% during the 1st quarter. Alliancebernstein L.P. now owns 15,004 shares of the pipeline company’s stock valued at $907,000 after buying an additional 4,332 shares during the last quarter. KCG Holdings Inc. raised its holdings in Western Gas Partners, by 14.9% during the 1st quarter. KCG Holdings Inc. now owns 8,742 shares of the pipeline company’s stock valued at $528,000 after buying an additional 1,136 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in Western Gas Partners, during the 1st quarter valued at $181,000. Institutional investors own 59.63% of the company’s stock.

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.

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Analyst Recommendations for Western Gas Partners, (NYSE:WES)

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