Credit Suisse Lowers Western Gas Partners to Neutral (WES)

By admin | 6 years ago

Western Gas Partners (NYSE: WES) was downgraded by investment analysts at Credit Suisse (NYSE: CS) from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday.

Western Gas Partners traded down 0.29% on Thursday, hitting $45.1699. Western Gas Partners has a 52-week low of $30.75 and a 52-week high of $47.97. The company has a market cap of $4.100 billion and a price-to-earnings ratio of 27.71.

Western Gas Partners last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.48 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.48. The company’s quarterly revenue was up 17.4% on a year-over-year basis. Analysts expect that Western Gas Partners will post $0.49 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities reiterated a “buy” rating on shares of Western Gas Partners in a research note to investors on Friday, May 4th. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Western Gas Partners to $52.00 in a research note to investors on Thursday, March 1st.

Western Gas Partners, LP (Partnership) is a limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.

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