Investment analysts at Credit Suisse Group began coverage on shares of Western Gas Partners (NYSE:WES) in a research report issued on Thursday, January 4th, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $49.00 price target on the pipeline company’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 9.02% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. Seaport Global Securities began coverage on shares of Western Gas Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $64.00 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 target price on shares of Western Gas Partners in a research note on Thursday, October 12th. Scotiabank reissued a “hold” rating and set a $61.00 price objective on shares of Western Gas Partners in a research report on Wednesday, October 25th. Morgan Stanley reduced their price objective on shares of Western Gas Partners from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Saturday, October 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.67.
Shares of Western Gas Partners (WES) opened at $53.86 on Thursday. Western Gas Partners has a 1 year low of $42.68 and a 1 year high of $67.44. The stock has a market cap of $8,217.62, a P/E ratio of 43.78, a price-to-earnings-growth ratio of 3.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91.
Western Gas Partners (NYSE:WES) last announced its earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.16). The company had revenue of $574.70 million for the quarter, compared to the consensus estimate of $536.01 million. Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. equities research analysts anticipate that Western Gas Partners will post 1.44 EPS for the current year.
A number of large investors have recently modified their holdings of the business. Ffcm LLC purchased a new stake in shares of Western Gas Partners during the 3rd quarter valued at about $113,000. Pathstone Family Office LLC purchased a new stake in shares of Western Gas Partners during the 2nd quarter valued at about $136,000. Penserra Capital Management LLC purchased a new stake in shares of Western Gas Partners during the 3rd quarter valued at about $142,000. The Manufacturers Life Insurance Company increased its position in shares of Western Gas Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,954 shares of the pipeline company’s stock valued at $221,000 after purchasing an additional 265 shares during the last quarter. Finally, Biondo Investment Advisors LLC purchased a new stake in shares of Western Gas Partners during the 2nd quarter valued at about $232,000. 61.76% of the stock is owned by institutional investors and hedge funds.
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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.
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