Western Gas Partners (NYSE:WES) had its target price hoisted by Barclays from $50.00 to $51.00 in a research report sent to investors on Friday. The brokerage currently has an equal weight rating on the pipeline company’s stock.

Several other brokerages have also issued reports on WES. Stifel Nicolaus raised their price objective on Western Gas Partners from $63.00 to $64.00 and gave the stock a buy rating in a report on Thursday, August 2nd. Bank of America dropped their price objective on Western Gas Partners from $53.00 to $48.00 and set a neutral rating on the stock in a report on Monday, October 1st. Wells Fargo & Co dropped their price objective on Western Gas Partners from $51.00 to $45.00 and set a market perform rating on the stock in a report on Monday, September 24th. Citigroup raised their price objective on Western Gas Partners from $53.00 to $56.00 and gave the stock a buy rating in a report on Tuesday, July 31st. Finally, ValuEngine raised Western Gas Partners from a sell rating to a hold rating in a report on Monday, July 30th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Western Gas Partners presently has an average rating of Hold and a consensus target price of $53.57.

NYSE:WES traded down $0.85 during trading hours on Friday, hitting $45.95. The company’s stock had a trading volume of 861,554 shares, compared to its average volume of 586,711. The firm has a market capitalization of $6.67 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 3.98 and a beta of 1.30. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.51. Western Gas Partners has a 52-week low of $40.44 and a 52-week high of $54.40.

Western Gas Partners (NYSE:WES) last posted its earnings results on Tuesday, July 31st. The pipeline company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $435.95 million for the quarter. Western Gas Partners had a return on equity of 12.18% and a net margin of 22.80%. As a group, equities analysts anticipate that Western Gas Partners will post 1.83 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust purchased a new position in shares of Western Gas Partners during the third quarter worth about $252,000. Northern Trust Corp grew its holdings in shares of Western Gas Partners by 3.2% during the second quarter. Northern Trust Corp now owns 40,042 shares of the pipeline company’s stock worth $1,938,000 after buying an additional 1,259 shares during the last quarter. Global X Management Co LLC lifted its position in Western Gas Partners by 4.7% in the second quarter. Global X Management Co LLC now owns 909,482 shares of the pipeline company’s stock valued at $44,010,000 after purchasing an additional 41,109 shares during the period. Tiedemann Advisors LLC acquired a new stake in Western Gas Partners in the second quarter valued at about $1,868,000. Finally, Jane Street Group LLC acquired a new stake in Western Gas Partners in the second quarter valued at about $1,430,000. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

About Western Gas Partners

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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Analyst Recommendations for Western Gas Partners (NYSE:WES)

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