Western Gas Partners (NYSE:WES) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Tuesday, February 5th.
Several other research firms have also weighed in on WES. Zacks Investment Research raised Western Gas Partners from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Barclays upped their price target on Western Gas Partners from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, October 12th. Credit Suisse Group increased their target price on Western Gas Partners from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Monday, November 12th. Stifel Nicolaus set a $56.00 price objective on Western Gas Partners and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, Bank of America upgraded Western Gas Partners from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, November 7th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $50.83.
WES stock traded up $0.42 during midday trading on Tuesday, hitting $33.14. 3,636,569 shares of the company’s stock were exchanged, compared to its average volume of 579,153. Western Gas Partners has a 12-month low of $25.89 and a 12-month high of $38.62. The company has a quick ratio of 0.75, a current ratio of 0.66 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $7.65 billion, a PE ratio of 13.20 and a beta of 1.29.
Western Gas Partners (NYSE:WES) last announced its quarterly earnings results on Thursday, February 14th. The pipeline company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.65). The business had revenue of $557.79 million for the quarter, compared to analyst estimates of $521.78 million. Western Gas Partners had a return on equity of 13.71% and a net margin of 22.99%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. As a group, sell-side analysts anticipate that Western Gas Partners will post 2.29 EPS for the current year.
Large investors have recently made changes to their positions in the company. Ffcm LLC increased its holdings in Western Gas Partners by 50.0% in the fourth quarter. Ffcm LLC now owns 717 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. Advisor Group Inc. boosted its position in Western Gas Partners by 25.4% during the fourth quarter. Advisor Group Inc. now owns 1,234 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 250 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Western Gas Partners by 61.0% during the 4th quarter. Bessemer Group Inc. now owns 800 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 303 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Western Gas Partners by 2.3% during the 4th quarter. Advisors Asset Management Inc. now owns 17,918 shares of the pipeline company’s stock worth $757,000 after purchasing an additional 399 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Western Gas Partners by 4.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 8,585 shares of the pipeline company’s stock worth $363,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 60.70% of the company’s stock.
Western Gas Partners Company Profile
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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