Western Gas Partners (WES) Rating Lowered to Sell at ValuEngine

Western Gas Partners (NYSE:WES) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Sunday.

WES has been the topic of a number of other reports. Stifel Nicolaus raised Western Gas Partners from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, October 25th. Zacks Investment Research lowered Western Gas Partners from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Morgan Stanley cut their price objective on Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. TheStreet lowered Western Gas Partners from a “b-” rating to a “c+” rating in a report on Monday, November 6th. Finally, Barclays cut their price objective on Western Gas Partners from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $59.55.

Western Gas Partners (WES) opened at $48.09 on Friday. Western Gas Partners has a 1 year low of $42.68 and a 1 year high of $67.44. The stock has a market capitalization of $7,338.63, a PE ratio of 39.10, a P/E/G ratio of 5.58 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.16). The business had revenue of $574.70 million for the quarter, compared to analyst estimates of $536.01 million. Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. equities analysts predict that Western Gas Partners will post 1.44 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of WES. Center Coast Capital Advisors LP grew its holdings in Western Gas Partners by 67.0% during the third quarter. Center Coast Capital Advisors LP now owns 4,061,697 shares of the pipeline company’s stock worth $208,284,000 after acquiring an additional 1,629,760 shares during the period. Alps Advisors Inc. grew its holdings in Western Gas Partners by 11.1% during the third quarter. Alps Advisors Inc. now owns 8,134,462 shares of the pipeline company’s stock worth $417,135,000 after acquiring an additional 815,295 shares during the period. Tortoise Capital Advisors L.L.C. grew its holdings in Western Gas Partners by 6.7% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 12,847,861 shares of the pipeline company’s stock worth $658,838,000 after acquiring an additional 803,574 shares during the period. Harvest Fund Advisors LLC acquired a new stake in Western Gas Partners during the third quarter worth about $35,643,000. Finally, Atlantic Trust Group LLC grew its holdings in Western Gas Partners by 113.9% during the third quarter. Atlantic Trust Group LLC now owns 1,185,261 shares of the pipeline company’s stock worth $60,780,000 after acquiring an additional 631,062 shares during the period. 61.76% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Western Gas Partners (NYSE:WES)

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