Barclays reiterated their hold rating on shares of Western Gas Partners (NYSE:WES) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Barclays currently has a $53.00 price target on the pipeline company’s stock, down from their previous price target of $54.00.
A number of other research analysts have also recently issued reports on WES. Morgan Stanley lowered their price objective on Western Gas Partners from $52.00 to $51.00 and set an equal weight rating for the company in a research note on Friday, November 17th. ValuEngine cut Western Gas Partners from a hold rating to a sell rating in a research note on Sunday, December 31st. Credit Suisse Group initiated coverage on Western Gas Partners in a research note on Thursday, January 4th. They set a neutral rating and a $49.00 price objective for the company. Bank of America initiated coverage on Western Gas Partners in a research note on Tuesday, January 9th. They set a neutral rating for the company. Finally, Royal Bank of Canada reiterated a buy rating and set a $61.00 price objective on shares of Western Gas Partners in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Western Gas Partners has an average rating of Hold and a consensus target price of $57.67.
Western Gas Partners (WES) opened at $46.16 on Wednesday. The company has a market capitalization of $7,150.00, a P/E ratio of 36.35, a PEG ratio of 3.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.60 and a quick ratio of 0.60. Western Gas Partners has a one year low of $42.68 and a one year high of $62.57.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st were issued a $0.92 dividend. This is a positive change from Western Gas Partners’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 7.97%. Western Gas Partners’s dividend payout ratio (DPR) is presently 289.76%.
Several institutional investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. bought a new stake in shares of Western Gas Partners in the 4th quarter worth $250,000. PVG Asset Management Corp bought a new stake in shares of Western Gas Partners in the 4th quarter worth $541,000. Lake Street Advisors Group LLC bought a new stake in shares of Western Gas Partners in the 4th quarter worth $251,000. Cypress Wealth Advisors LLC bought a new stake in shares of Western Gas Partners in the 4th quarter worth $1,358,000. Finally, Jane Street Group LLC bought a new stake in shares of Western Gas Partners in the 4th quarter worth $204,000. 58.96% of the stock is owned by institutional investors and hedge funds.
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Western Gas Partners Company Profile
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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