Stifel Nicolaus reaffirmed their hold rating on shares of Western Gas Partners, LP (NYSE:WES) in a report released on Friday morning. Stifel Nicolaus currently has a $60.00 target price on the pipeline company’s stock.

Several other research analysts have also recently issued reports on the company. Scotiabank set a $61.00 price objective on Western Gas Partners, and gave the stock a hold rating in a research note on Tuesday, July 11th. TheStreet cut Western Gas Partners, from a b rating to a c+ rating in a research note on Monday, June 5th. Guggenheim began coverage on Western Gas Partners, in a research note on Monday, April 17th. They issued a buy rating and a $68.00 price objective on the stock. Citigroup Inc. increased their price objective on Western Gas Partners, from $55.00 to $61.00 and gave the stock a neutral rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research cut Western Gas Partners, from a hold rating to a strong sell rating in a research note on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Western Gas Partners, has a consensus rating of Hold and a consensus price target of $61.54.

Shares of Western Gas Partners, (NYSE:WES) traded down 0.75% during midday trading on Friday, hitting $56.72. The stock had a trading volume of 178,319 shares. The company’s 50 day moving average is $55.08 and its 200 day moving average is $59.13. The company has a market cap of $8.03 billion, a PE ratio of 39.55 and a beta of 1.20. Western Gas Partners, has a 52-week low of $46.85 and a 52-week high of $67.44.

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Institutional investors have recently added to or reduced their stakes in the stock. Linscomb & Williams Inc. boosted its stake in Western Gas Partners, by 0.4% in the first quarter. Linscomb & Williams Inc. now owns 9,645 shares of the pipeline company’s stock worth $583,000 after buying an additional 35 shares during the period. Sei Investments Co. boosted its stake in Western Gas Partners, by 0.6% in the first quarter. Sei Investments Co. now owns 18,100 shares of the pipeline company’s stock worth $1,094,000 after buying an additional 100 shares during the period. Keybank National Association OH boosted its stake in Western Gas Partners, by 6.1% in the first quarter. Keybank National Association OH now owns 4,795 shares of the pipeline company’s stock worth $290,000 after buying an additional 275 shares during the period. TIAA CREF Trust Co. FSB MO boosted its stake in Western Gas Partners, by 1.4% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 23,304 shares of the pipeline company’s stock worth $1,409,000 after buying an additional 332 shares during the period. Finally, Sigma Planning Corp boosted its stake in Western Gas Partners, by 11.6% in the first quarter. Sigma Planning Corp now owns 5,682 shares of the pipeline company’s stock worth $343,000 after buying an additional 589 shares during the period. Institutional investors and hedge funds own 58.03% of the company’s stock.

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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