Investment analysts at Credit Suisse Group began coverage on shares of Western Gas Partners (NYSE:WES) in a research report issued on Thursday, Marketbeat reports. The brokerage set a “neutral” rating and a $45.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target would suggest a potential downside of 2.07% from the stock’s previous close.

WES has been the subject of several other research reports. Bank of America decreased their price objective on shares of Western Gas Partners from $53.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, October 1st. ValuEngine lowered shares of Western Gas Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Morgan Stanley decreased their price objective on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, August 17th. Wells Fargo & Co decreased their price objective on shares of Western Gas Partners from $51.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, September 24th. Finally, Citigroup increased their price objective on shares of Western Gas Partners from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.50.

WES opened at $45.95 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.13. Western Gas Partners has a fifty-two week low of $40.44 and a fifty-two week high of $54.40. The stock has a market capitalization of $6.67 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 3.98 and a beta of 1.30.

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

Several hedge funds have recently modified their holdings of WES. Kayne Anderson Capital Advisors LP increased its stake in shares of Western Gas Partners by 2.0% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,053,163 shares of the pipeline company’s stock worth $386,282,000 after purchasing an additional 173,749 shares during the last quarter. BlackRock Inc. increased its stake in shares of Western Gas Partners by 6.7% during the 1st quarter. BlackRock Inc. now owns 714,390 shares of the pipeline company’s stock worth $30,483,000 after purchasing an additional 44,608 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Western Gas Partners by 9.8% during the 1st quarter. California Public Employees Retirement System now owns 163,688 shares of the pipeline company’s stock worth $6,985,000 after purchasing an additional 14,676 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Western Gas Partners by 198.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 15,450 shares of the pipeline company’s stock worth $659,000 after purchasing an additional 10,267 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Western Gas Partners by 6.6% during the 1st quarter. Stifel Financial Corp now owns 36,251 shares of the pipeline company’s stock worth $1,547,000 after purchasing an additional 2,250 shares during the last quarter. Institutional investors own 59.79% of the company’s stock.

Western Gas Partners Company Profile

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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