Western Gas Partners (NYSE:WES)‘s stock had its “hold” rating reiterated by investment analysts at Scotiabank in a note issued to investors on Monday. They presently have a $58.00 price objective on the pipeline company’s stock. Scotiabank’s target price would indicate a potential upside of 10.48% from the company’s previous close.

WES has been the subject of several other reports. Morgan Stanley decreased their target price on shares of Western Gas Partners from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Saturday, October 28th. Credit Suisse Group began coverage on shares of Western Gas Partners in a research report on Thursday, January 4th. They issued a “neutral” rating and a $49.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Western Gas Partners in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded shares of Western Gas Partners from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.08.

Western Gas Partners (NYSE WES) traded down $0.94 during trading hours on Monday, hitting $52.50. 395,201 shares of the stock traded hands, compared to its average volume of 587,719. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $8,155.06, a P/E ratio of 42.69, a PEG ratio of 3.94 and a beta of 1.14. Western Gas Partners has a one year low of $42.68 and a one year high of $67.44.

Western Gas Partners (NYSE:WES) last posted its earnings results on Tuesday, October 31st. The pipeline company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). The business had revenue of $574.70 million for the quarter, compared to the consensus estimate of $536.01 million. Western Gas Partners had a return on equity of 14.68% and a net margin of 26.41%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. equities research analysts predict that Western Gas Partners will post 1.44 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WES. Ffcm LLC purchased a new position in Western Gas Partners in the third quarter valued at about $113,000. Penserra Capital Management LLC purchased a new position in Western Gas Partners in the third quarter valued at about $142,000. The Manufacturers Life Insurance Company boosted its stake in 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 valued at $221,000 after acquiring an additional 265 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in Western Gas Partners in the fourth quarter valued at about $231,000. Finally, Whalerock Point Partners LLC purchased a new position in Western Gas Partners in the fourth quarter valued at about $264,000. Hedge funds and other institutional investors own 62.21% of the company’s stock.

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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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