Western Gas Partners (WES) Earns Neutral Rating from Analysts at Credit Suisse Group

Stock analysts at Credit Suisse Group started coverage on shares of Western Gas Partners (NYSE:WES) in a report released on Thursday. The firm set a “neutral” rating on the pipeline company’s stock.

A number of other research analysts have also commented on the stock. ValuEngine lowered shares of Western Gas Partners from a “hold” rating to a “sell” rating in a research report on Sunday. Morgan Stanley reduced their price target on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. TheStreet lowered shares of Western Gas Partners from a “b-” rating to a “c+” rating in a research report on Monday, November 6th. Barclays reduced their price target on shares of Western Gas Partners from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Western Gas Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Western Gas Partners presently has an average rating of “Hold” and a consensus target price of $59.55.

Western Gas Partners (NYSE WES) traded up $0.90 on Thursday, hitting $52.66. 706,737 shares of the stock were exchanged, compared to its average volume of 677,300. The stock has a market cap of $7,509.55, a price-to-earnings ratio of 42.81, a P/E/G ratio of 3.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.91. Western Gas Partners has a 12-month low of $42.68 and a 12-month high of $67.44.

Western Gas Partners (NYSE:WES) last released its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). The firm had revenue of $574.70 million for the quarter, compared to analysts’ expectations of $536.01 million. Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. research analysts forecast that Western Gas Partners will post 1.44 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its position in Western Gas Partners by 5.6% in the second quarter. California Public Employees Retirement System now owns 154,500 shares of the pipeline company’s stock worth $8,643,000 after acquiring an additional 8,200 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Western Gas Partners by 58.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 182,800 shares of the pipeline company’s stock worth $9,374,000 after acquiring an additional 67,200 shares in the last quarter. Cincinnati Insurance Co. grew its position in Western Gas Partners by 28.9% in the third quarter. Cincinnati Insurance Co. now owns 56,828 shares of the pipeline company’s stock worth $2,914,000 after acquiring an additional 12,726 shares in the last quarter. Magnetar Financial LLC grew its position in Western Gas Partners by 49.0% in the third quarter. Magnetar Financial LLC now owns 1,691,700 shares of the pipeline company’s stock worth $86,750,000 after acquiring an additional 556,180 shares in the last quarter. Finally, Keybank National Association OH grew its position in Western Gas Partners by 101.4% in the second quarter. Keybank National Association OH now owns 9,655 shares of the pipeline company’s stock worth $540,000 after acquiring an additional 4,860 shares in the last quarter. Institutional investors own 61.76% of the company’s stock.

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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.

Analyst Recommendations for Western Gas Partners (NYSE:WES)

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