Western Gas Partners, LP (NYSE:WES) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. “
A number of other analysts have also weighed in on WES. Stifel Nicolaus upgraded Western Gas Partners, from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, October 25th. TheStreet upgraded Western Gas Partners, from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. BidaskClub lowered Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Scotiabank set a $61.00 price objective on Western Gas Partners, and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Finally, Seaport Global Securities initiated coverage on Western Gas Partners, in a research report on Tuesday, October 10th. They issued a “buy” rating and a $64.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $59.83.
Shares of Western Gas Partners, (WES) traded up $0.10 during midday trading on Thursday, hitting $46.50. The company’s stock had a trading volume of 538,520 shares, compared to its average volume of 685,467. The company has a market capitalization of $7,100.00, a PE ratio of 37.72, a PEG ratio of 5.51 and a beta of 1.18. Western Gas Partners, has a 12 month low of $45.34 and a 12 month high of $67.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 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 for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.16). Western Gas Partners, had a net margin of 26.41% and a return on equity of 14.68%. The business had revenue of $574.70 million during the quarter, compared to analyst estimates of $536.01 million. During the same quarter last year, the business posted $0.54 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. equities analysts forecast that Western Gas Partners, will post 1.4 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of WES. Alps Advisors Inc. boosted its holdings in Western Gas Partners, by 16.3% during the second quarter. Alps Advisors Inc. now owns 7,319,167 shares of the pipeline company’s stock worth $409,434,000 after buying an additional 1,024,568 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in Western Gas Partners, by 4.5% during the second quarter. Kayne Anderson Capital Advisors LP now owns 11,649,319 shares of the pipeline company’s stock worth $651,663,000 after buying an additional 499,048 shares during the last quarter. Miller Howard Investments Inc. NY boosted its holdings in Western Gas Partners, by 49.3% during the second quarter. Miller Howard Investments Inc. NY now owns 1,181,379 shares of the pipeline company’s stock worth $66,086,000 after buying an additional 390,124 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in Western Gas Partners, by 56.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 731,000 shares of the pipeline company’s stock worth $37,486,000 after buying an additional 265,000 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new position in Western Gas Partners, during the second quarter worth about $13,959,000. Hedge funds and other institutional investors own 59.63% of the company’s stock.
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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