Stifel Nicolaus reaffirmed their hold rating on shares of Western Gas Partners, LP (NYSE:WES) in a report published on Friday. The firm currently has a $60.00 price target on the pipeline company’s stock.
Several other brokerages have also issued reports on WES. Zacks Investment Research lowered shares of Western Gas Partners, from a hold rating to a strong sell rating in a report on Wednesday, April 26th. Royal Bank Of Canada reaffirmed a buy rating and issued a $69.00 price target on shares of Western Gas Partners, in a report on Friday, April 7th. Citigroup Inc. lifted their price target on shares of Western Gas Partners, from $55.00 to $61.00 and gave the stock a neutral rating in a report on Tuesday, April 25th. Macquarie began coverage on shares of Western Gas Partners, in a report on Friday, April 21st. They issued an outperform rating and a $51.00 price target on the stock. Finally, Guggenheim began coverage on shares of Western Gas Partners, in a report on Monday, April 17th. They issued a buy rating and a $68.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $61.54.
Western Gas Partners, (NYSE WES) traded down 0.39% during mid-day trading on Friday, hitting $56.50. The company had a trading volume of 104,010 shares. The firm has a market capitalization of $8.00 billion, a PE ratio of 39.40 and a beta of 1.20. The company has a 50 day moving average of $55.08 and a 200 day moving average of $59.13. Western Gas Partners, has a 1-year low of $46.85 and a 1-year high of $67.44.
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Large investors have recently made changes to their positions in the stock. Kayne Anderson Capital Advisors LP raised its stake in shares of Western Gas Partners, by 33.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,806,681 shares of the pipeline company’s stock worth $592,814,000 after buying an additional 2,480,457 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock worth $102,557,000 after buying an additional 378,167 shares during the period. Brookfield Asset Management Inc. raised its stake in shares of Western Gas Partners, by 79.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 627,908 shares of the pipeline company’s stock worth $36,896,000 after buying an additional 278,000 shares during the period. Bank of Montreal Can raised its stake in shares of Western Gas Partners, by 35.0% in the second quarter. Bank of Montreal Can now owns 832,745 shares of the pipeline company’s stock worth $46,584,000 after buying an additional 215,991 shares during the period. Finally, Morgan Stanley raised its stake in shares of Western Gas Partners, by 13.1% in the first quarter. Morgan Stanley now owns 1,448,340 shares of the pipeline company’s stock worth $87,553,000 after buying an additional 167,704 shares during the period. 58.03% of the stock is currently owned by hedge funds and other institutional investors.
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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