Western Gas Partners (NYSE:WES) was upgraded by Zacks from an “underperform” rating to an “outperform” rating in a research note issued to investors on Thursday, Analyst Ratings Net reports. The firm currently has a $62.40 price target on the stock. Zacks‘ price objective suggests a potential upside of 3.38% from the stock’s previous close.
Western Gas Partners (NYSE:WES) traded up 1.47% during mid-day trading on Thursday, hitting $61.25. 89,990 shares of the company’s stock traded hands. Western Gas Partners has a 1-year low of $45.10 and a 1-year high of $65.16. The stock has a 50-day moving average of $59.73 and a 200-day moving average of $60.59. The company has a market cap of $6.868 billion and a P/E ratio of 74.89.
Western Gas Partners (NYSE:WES) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.11. The company had revenue of $278.00 million for the quarter, compared to the consensus estimate of $266.41 million. Analysts expect that Western Gas Partners will post $1.76 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Western Gas Partners from $70.00 to $72.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. Analysts at Oppenheimer initiated coverage on shares of Western Gas Partners in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $69.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.62.
Western Gas Partners, LP (NYSE:WES) is a limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.
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