Western Gas Partners (NYSE:WES) received a $62.00 target price from equities researchers at Stifel Nicolaus in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 26.27% from the company’s previous close.
A number of other research analysts also recently commented on WES. Zacks Investment Research downgraded shares of Western Gas Partners from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. 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 target price on the stock. Scotiabank reaffirmed a “hold” rating and issued a $58.00 target price on shares of Western Gas Partners in a research report on Monday, January 29th. Barclays downgraded shares of Western Gas Partners from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $62.00 to $54.00 in a research report on Wednesday, January 17th. 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 research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $57.75.
Shares of Western Gas Partners (NYSE:WES) opened at $49.10 on Tuesday. Western Gas Partners has a 52-week low of $42.68 and a 52-week high of $67.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $7,450.03, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 3.60 and a beta of 1.09.
Western Gas Partners (NYSE:WES) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.08). The company had revenue of $632.02 million during the quarter, compared to analysts’ expectations of $569.17 million. Western Gas Partners had a net margin of 25.24% and a return on equity of 14.41%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. equities research analysts anticipate that Western Gas Partners will post 2.26 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Cincinnati Insurance Co. lifted its stake in shares of Western Gas Partners by 28.9% in the 3rd quarter. Cincinnati Insurance Co. now owns 56,828 shares of the pipeline company’s stock worth $2,914,000 after acquiring an additional 12,726 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Western Gas Partners by 58.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 182,800 shares of the pipeline company’s stock worth $9,374,000 after acquiring an additional 67,200 shares during the period. Magnetar Financial LLC lifted its stake in shares of Western Gas Partners by 49.0% in the 3rd quarter. Magnetar Financial LLC now owns 1,691,700 shares of the pipeline company’s stock worth $86,750,000 after acquiring an additional 556,180 shares during the period. Cohen & Steers Inc. acquired a new stake in shares of Western Gas Partners in the 3rd quarter worth $2,051,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Western Gas Partners by 122.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 265,573 shares of the pipeline company’s stock worth $13,619,000 after acquiring an additional 146,069 shares during the period. 61.47% of the stock is currently owned by institutional investors.
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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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