Shares of Western Gas Partners, LP (NYSE:WES) saw unusually-strong trading volume on Monday . Approximately 216,368 shares were traded during trading, a decline of 58% from the previous session’s volume of 515,448 shares.The stock last traded at $51.23 and had previously closed at $51.28.

A number of research firms recently weighed in on WES. TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 target price on shares of Western Gas Partners, in a research note on Friday, July 14th. Scotiabank set a $61.00 target price on Western Gas Partners, and gave the company a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded Western Gas Partners, from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 29th. Finally, BidaskClub raised Western Gas Partners, from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $61.18.

The firm’s 50 day moving average is $50.55 and its 200-day moving average is $54.74. The stock has a market capitalization of $7.90 billion, a PE ratio of 37.01 and a beta of 1.17.

Western Gas Partners, (NYSE:WES) last posted its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.04). The company had revenue of $525.45 million during the quarter, compared to analyst estimates of $488.21 million. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Analysts anticipate that Western Gas Partners, LP will post $1.52 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Pathstone Family Office LLC purchased a new position in Western Gas Partners, in the 2nd quarter valued at approximately $136,000. Chicago Partners Investment Group LLC grew its stake in shares of Western Gas Partners, by 60.2% in the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock worth $139,000 after acquiring an additional 900 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Western Gas Partners, in the first quarter worth $181,000. Suntrust Banks Inc. acquired a new position in shares of Western Gas Partners, in the first quarter worth $201,000. Finally, Signature Financial Management Inc. increased its position in shares of Western Gas Partners, by 9.6% during the second quarter. Signature Financial Management Inc. now owns 3,725 shares of the pipeline company’s stock worth $208,000 after acquiring an additional 325 shares during the period. Hedge funds and other institutional investors own 59.35% of the company’s stock.

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About Western Gas Partners,

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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