Western Gas Partners (NYSE:WES): Stifel Nicolaus Reaffirms Buy Rating Today, Has a Target of $62/Share

February 21, 2018 - By Max Morgan

 Western Gas Partners (NYSE:WES): Stifel Nicolaus Reaffirms Buy Rating Today, Has a Target of $62/Share

Investors sentiment increased to 1.52 in 2017 Q3. Its up 0.07, from 1.45 in 2017Q2. It is positive, as 15 investors sold Western Gas Partners, LP shares while 50 reduced holdings. 18 funds opened positions while 81 raised stakes. 90.45 million shares or 23.46% more from 73.26 million shares in 2017Q2 were reported.

Driehaus Capital Mngmt Limited Com holds 19,300 shares or 0.04% of its portfolio. Miller Howard Invests New York holds 1.38 million shares. Cadence Mgmt Ltd Liability Corporation holds 0.58% or 180,521 shares. Northwestern Mutual Wealth Mngmt holds 0% in Western Gas Partners, LP (NYSE:WES) or 78 shares. Janney Montgomery Scott Limited Liability Company accumulated 25,460 shares. Usca Ria Ltd Com invested in 8,100 shares. Chilton Ltd Limited Liability Company holds 46,864 shares or 0.23% of its portfolio. Exane Derivatives owns 0% invested in Western Gas Partners, LP (NYSE:WES) for 21 shares. Alps Advisors holds 8.13 million shares or 2.96% of its portfolio. Atlantic Trust Gru Limited Liability Company holds 0.27% or 1.19M shares in its portfolio. Bb&T Ltd Liability owns 7,865 shares. Comerica Savings Bank has 7,021 shares. California Public Employees Retirement Systems holds 0.01% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 151,566 shares. Raymond James Fin Services holds 50,281 shares. 18,100 were reported by Sei Investments Co.

Western Gas Partners (NYSE:WES) Rating Reaffirmed

New York: In a research note issued to investors and clients on Tuesday morning, Stifel Nicolaus reiterated their Buy rating on Western Gas Partners (NYSE:WES) shares. They now have a $62 target price per share on the company. Stifel Nicolaus’s target gives a potential upside of 27.55 % from the company’s last price.

Investors sentiment increased to 1.52 in 2017 Q3. Its up 0.07, from 1.45 in 2017Q2. It is positive, as 15 investors sold Western Gas Partners, LP shares while 50 reduced holdings. 18 funds opened positions while 81 raised stakes. 90.45 million shares or 23.46% more from 73.26 million shares in 2017Q2 were reported.

Driehaus Capital Mngmt Limited Com holds 19,300 shares or 0.04% of its portfolio. Miller Howard Invests New York holds 1.38 million shares. Cadence Mgmt Ltd Liability Corporation holds 0.58% or 180,521 shares. Northwestern Mutual Wealth Mngmt holds 0% in Western Gas Partners, LP (NYSE:WES) or 78 shares. Janney Montgomery Scott Limited Liability Company accumulated 25,460 shares. Usca Ria Ltd Com invested in 8,100 shares. Chilton Ltd Limited Liability Company holds 46,864 shares or 0.23% of its portfolio. Exane Derivatives owns 0% invested in Western Gas Partners, LP (NYSE:WES) for 21 shares. Alps Advisors holds 8.13 million shares or 2.96% of its portfolio. Atlantic Trust Gru Limited Liability Company holds 0.27% or 1.19M shares in its portfolio. Bb&T Ltd Liability owns 7,865 shares. Comerica Savings Bank has 7,021 shares. California Public Employees Retirement Systems holds 0.01% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 151,566 shares. Raymond James Fin Services holds 50,281 shares. 18,100 were reported by Sei Investments Co.

Western Gas Partners, LP (NYSE:WES) Ratings Coverage

Among 17 analysts covering Western Gas Partners (NYSE:WES), 10 have Buy rating, 1 Sell and 6 Hold. Therefore 59% are positive. Western Gas Partners has $76 highest and $35 lowest target. $61.53’s average target is 26.58% above currents $48.61 stock price. Western Gas Partners had 44 analyst reports since August 3, 2015 according to SRatingsIntel. RBC Capital Markets maintained Western Gas Partners, LP (NYSE:WES) on Sunday, October 29 with “Buy” rating. The firm earned “Neutral” rating on Friday, June 17 by MUFG. maintained Western Gas Partners, LP (NYSE:WES) rating on Monday, October 10. has “Overweight” rating and $63 target. Stifel Nicolaus maintained Western Gas Partners, LP (NYSE:WES) on Tuesday, February 20 with “Buy” rating. The firm has “Buy” rating given on Thursday, January 11 by Stifel Nicolaus. The stock of Western Gas Partners, LP (NYSE:WES) earned “An Overweight” rating by CapitalOne on Thursday, January 14. The company was maintained on Friday, July 31 by MLV. The firm has “Overweight” rating by CapitalOne given on Friday, December 16. Credit Suisse downgraded the shares of WES in report on Thursday, March 17 to “Neutral” rating. On Thursday, October 26 the stock rating was upgraded by Stifel Nicolaus to “Buy”.

The stock decreased 1.00% or $0.49 during the last trading session, reaching $48.61. About 145,552 shares traded. Western Gas Partners, LP (NYSE:WES) has risen 10.32% since February 21, 2017 and is uptrending. It has underperformed by 6.38% the S&P500.

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on May, 1. They expect $0.57 EPS, up 5,600.00 % or $0.56 from last year’s $0.01 per share. WES’s profit will be $88.46 million for 21.32 P/E if the $0.57 EPS becomes a reality. After $0.39 actual EPS reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 46.15 % EPS growth.

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. The company has market cap of $7.54 billion. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. It has a 38.73 P/E ratio. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

More important recent Western Gas Partners, LP (NYSE:WES) news were published by: Prnewswire.com which released: “Western Gas Annual Reports Available” on February 20, 2018, also Nasdaq.com published article titled: “Reminder – Western Gas Partners (WES) Goes Ex-Dividend Soon”, Nasdaq.com published: “First Week of March 16th Options Trading For Western Gas Partners (WES)” on January 23, 2018. More interesting news about Western Gas Partners, LP (NYSE:WES) was released by: Prnewswire.com and their article: “Western Gas Announces Fourth-Quarter And Full-Year 2017 Results” with publication date: February 15, 2018.

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