Western Gas Partners, LP (NYSE:WES) Stock Rating Reaffirmed by Stifel Nicolaus

Western Gas Partners, LP (NYSE:WES)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research note issued on Friday. They presently have a $60.00 price target on the pipeline company’s stock. Stifel Nicolaus’ price target points to a potential upside of 5.78% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Citigroup Inc. boosted their price objective on shares of Western Gas Partners, from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. TheStreet upgraded shares of Western Gas Partners, from a “c+” rating to a “b” rating in a research report on Wednesday, April 26th. Guggenheim assumed coverage on shares of Western Gas Partners, in a research report on Monday, April 17th. They issued a “buy” rating and a $68.00 price objective for the company. Macquarie assumed coverage on shares of Western Gas Partners, in a research report on Friday, April 21st. They issued an “outperform” rating and a $51.00 price objective for the company. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $69.00 price objective on shares of Western Gas Partners, in a research report on Friday, April 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Western Gas Partners, presently has an average rating of “Hold” and a consensus price target of $61.54.

Western Gas Partners, (WES) opened at 56.72 on Friday. The stock’s 50 day moving average price is $55.08 and its 200 day moving average price is $59.13. The firm has a market capitalization of $8.03 billion, a PE ratio of 39.55 and a beta of 1.20. Western Gas Partners, has a 12 month low of $46.85 and a 12 month high of $67.44.

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Several hedge funds have recently modified their holdings of the stock. Hirtle Callaghan & Co LLC acquired a new stake in shares of Western Gas Partners, during the first quarter valued at approximately $121,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Western Gas Partners, during the first quarter valued at approximately $181,000. Suntrust Banks Inc. acquired a new stake in shares of Western Gas Partners, during the first quarter valued at approximately $201,000. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Western Gas Partners, during the first quarter valued at approximately $203,000. Finally, Signature Financial Management Inc. acquired a new stake in shares of Western Gas Partners, during the first quarter valued at approximately $206,000. Institutional investors own 58.03% of the company’s stock.

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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