Trading Report: The Western Gas Partners, LP (WES) Given Buy Rating at Deutsche Bank AG

The Western Gas Partners, LP (WES) Given Buy Rating at Deutsche Bank AG

Deutsche Bank AG reaffirmed their buy rating on shares of Western Gas Partners, LP (NYSE:WES) in a research note published on Thursday. They currently have a $56.00 target price on the stock.

A number of other equities research analysts have also recently weighed in on WES. Zacks Investment Research cut shares of Western Gas Partners, from a buy rating to a hold rating in a research report on Tuesday, August 2nd. Mitsubishi UFJ Financial Group assumed coverage on shares of Western Gas Partners, in a research report on Friday, June 17th. They set a neutral rating and a $59.00 price target for the company. Janney Montgomery Scott assumed coverage on shares of Western Gas Partners, in a research report on Friday, July 29th. They set a buy rating and a $60.00 price target for the company. Credit Suisse Group AG reiterated a hold rating on shares of Western Gas Partners, in a research report on Thursday, July 28th. Finally, TheStreet raised shares of Western Gas Partners, from a hold rating to a buy rating in a research note on Wednesday, July 27th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $50.64.

Western Gas Partners, (NYSE:WES) traded up 0.467% on Thursday, hitting $54.905. 93,253 shares of the company traded hands. The firm has a market capitalization of $7.83 billion, a P/E ratio of 324.882 and a beta of 0.96. The stock’s 50-day moving average is $51.05 and its 200 day moving average is $48.93. Western Gas Partners, has a 12 month low of $25.40 and a 12 month high of $56.11.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The company had revenue of $428.70 million for the quarter, compared to analyst estimates of $438.63 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. Western Gas Partners,’s revenue was down 8.0% on a year-over-year basis. Equities analysts forecast that Western Gas Partners, will post $1.89 EPS for the current fiscal year.

In other Western Gas Partners, news, Director James R. Crane sold 129,914 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $50.86, for a total transaction of $6,607,426.04. Following the completion of the sale, the director now directly owns 174,577 shares in the company, valued at approximately $8,878,986.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Tudor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $49.12, for a total value of $196,480.00. Following the sale, the director now owns 8,898 shares of the company’s stock, valued at $437,069.76. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the company. Williams Jones & Associates LLC raised its stake in shares of Western Gas Partners, by 16.0% in the second quarter. Williams Jones & Associates LLC now owns 36,635 shares of the company’s stock worth $1,846,000 after buying an additional 5,050 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the company’s stock worth $123,000 after buying an additional 202 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Western Gas Partners, during the second quarter valued at about $1,523,000. Cypress Wealth Advisors LLC raised its stake in shares of Western Gas Partners, by 6.3% in the second quarter. Cypress Wealth Advisors LLC now owns 12,155 shares of the company’s stock valued at $613,000 after buying an additional 725 shares in the last quarter. Finally, Balentine LLC purchased a new stake in shares of Western Gas Partners, during the second quarter valued at about $227,000.

Western Gas Partners, Company Profile

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