Stock analysts at Bank of America started coverage on shares of Western Gas Partners (NYSE:WES) in a research note issued on Tuesday, January 9th, The Fly reports. The firm set a “neutral” rating on the pipeline company’s stock.
WES has been the topic of a number of other reports. Stifel Nicolaus upgraded Western Gas Partners from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Western Gas Partners from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Credit Suisse Group initiated coverage on Western Gas Partners in a report on Thursday, January 4th. They issued a “neutral” rating and a $49.00 price target on the stock. Morgan Stanley reduced their price target on Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Finally, TheStreet cut Western Gas Partners from a “b-” rating to a “c+” rating in a research note on Monday, November 6th. Three 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $57.08.
Western Gas Partners (NYSE:WES) traded down $1.20 during trading hours on Tuesday, hitting $49.90. The company had a trading volume of 908,287 shares, compared to its average volume of 606,102. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $7,614.84, a P/E ratio of 40.57, a P/E/G ratio of 3.68 and a beta of 1.09. Western Gas Partners has a 12 month low of $42.68 and a 12 month high of $67.44.
A number of hedge funds have recently modified their holdings of WES. Ffcm LLC purchased a new position in Western Gas Partners in the 3rd quarter worth $113,000. Pathstone Family Office LLC purchased a new position in shares of Western Gas Partners during the 2nd quarter valued at about $136,000. Penserra Capital Management LLC purchased a new position in shares of Western Gas Partners during the 3rd quarter valued at about $142,000. Lucas Capital Management acquired a new stake in shares of Western Gas Partners during the 4th quarter valued at about $206,000. Finally, The Manufacturers Life Insurance Company grew 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 acquiring an additional 265 shares during the period. 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.
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