Western Gas Partners (WES) Given a $56.00 Price Target at Stifel Nicolaus

Western Gas Partners (NYSE:WES) has been given a $56.00 price objective by research analysts at Stifel Nicolaus in a report issued on Thursday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 39.13% from the stock’s previous close.

WES has been the topic of a number of other research reports. Zacks Investment Research upgraded Western Gas Partners from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, July 26th. Barclays upped their price target on Western Gas Partners from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, October 12th. ValuEngine upgraded Western Gas Partners from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. 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 research report on Friday, August 17th. Finally, Credit Suisse Group started coverage on Western Gas Partners in a research report on Thursday, October 11th. They issued a “neutral” rating and a $45.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Western Gas Partners currently has an average rating of “Hold” and an average price target of $53.00.

Shares of WES stock opened at $40.25 on Thursday. The firm has a market cap of $6.22 billion, a P/E ratio of 30.96 and a beta of 1.30. Western Gas Partners has a twelve month low of $38.35 and a twelve month high of $54.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.51 and a current ratio of 0.51.

Western Gas Partners (NYSE:WES) last issued its quarterly earnings data on Tuesday, October 30th. The pipeline company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.28). The firm had revenue of $507.76 million for the quarter, compared to the consensus estimate of $472.96 million. Western Gas Partners had a return on equity of 12.61% and a net margin of 24.11%. The company’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. Equities research analysts expect that Western Gas Partners will post 1.83 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in WES. Tortoise Capital Advisors L.L.C. boosted its position in shares of Western Gas Partners by 9.5% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 14,962,223 shares of the pipeline company’s stock valued at $724,022,000 after purchasing an additional 1,296,811 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Western Gas Partners by 6.2% during the 3rd quarter. Alps Advisors Inc. now owns 8,839,258 shares of the pipeline company’s stock valued at $386,099,000 after purchasing an additional 517,576 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Western Gas Partners during the 2nd quarter valued at about $14,959,000. Perella Weinberg Partners Capital Management LP boosted its position in shares of Western Gas Partners by 477.1% during the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 338,333 shares of the pipeline company’s stock valued at $16,372,000 after purchasing an additional 279,708 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Western Gas Partners by 2.3% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 9,257,583 shares of the pipeline company’s stock valued at $447,957,000 after purchasing an additional 204,420 shares in the last quarter. Institutional investors own 59.24% of the company’s stock.

About Western Gas Partners

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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