Deutsche Bank: Time To Buy Western Gas Partners (NYSE:WES)? Has $53 Valuation Target

April 21, 2018 - By Winifred Garcia

Western Gas Partners, LP (NYSE:WES) Logo

Investors sentiment decreased to 0.75 in 2017 Q4. Its down 0.77, from 1.52 in 2017Q3. It dived, as 24 investors sold Western Gas Partners, LP shares while 72 reduced holdings. 24 funds opened positions while 48 raised stakes. 90.11 million shares or 0.38% less from 90.45 million shares in 2017Q3 were reported.

Blackstone L P holds 684,963 shares. Blair William And Il holds 108,045 shares. Lpl Financial Limited Liability has invested 0% in Western Gas Partners, LP (NYSE:WES). Cv Starr & Company Inc Trust has 180,000 shares. Cibc Asset stated it has 4,844 shares. Bancorporation Of Mellon reported 0% stake. Jpmorgan Chase & accumulated 0.02% or 2.26M shares. Bnp Paribas Arbitrage Sa holds 0% or 5,183 shares. 13.82 million are held by Tortoise Advsrs Limited Liability Company. Zimmer Ptnrs Ltd Partnership owns 23,852 shares. Chickasaw Mgmt Limited Com owns 2.86M shares or 2.87% of their US portfolio. Ameriprise Financial Inc holds 53,269 shares or 0% of its portfolio. Blackrock invested in 669,782 shares or 0% of the stock. 174,964 were accumulated by Hite Hedge Asset Management Ltd Company. First Tru Advisors L P, Illinois-based fund reported 166,580 shares.

Why Has Deutsche Bank Given Western Gas Partners (NYSE:WES) a $53 Price Target

Deutsche Bank sent to investors in a note that it has begun coverage on Western Gas Partners (NYSE:WES) stock, with “Buy” rating and a $53 target.

Investors sentiment decreased to 0.75 in 2017 Q4. Its down 0.77, from 1.52 in 2017Q3. It dived, as 24 investors sold Western Gas Partners, LP shares while 72 reduced holdings. 24 funds opened positions while 48 raised stakes. 90.11 million shares or 0.38% less from 90.45 million shares in 2017Q3 were reported.

Blackstone L P holds 684,963 shares. Blair William And Il holds 108,045 shares. Lpl Financial Limited Liability has invested 0% in Western Gas Partners, LP (NYSE:WES). Cv Starr & Company Inc Trust has 180,000 shares. Cibc Asset stated it has 4,844 shares. Bancorporation Of Mellon reported 0% stake. Jpmorgan Chase & accumulated 0.02% or 2.26M shares. Bnp Paribas Arbitrage Sa holds 0% or 5,183 shares. 13.82 million are held by Tortoise Advsrs Limited Liability Company. Zimmer Ptnrs Ltd Partnership owns 23,852 shares. Chickasaw Mgmt Limited Com owns 2.86M shares or 2.87% of their US portfolio. Ameriprise Financial Inc holds 53,269 shares or 0% of its portfolio. Blackrock invested in 669,782 shares or 0% of the stock. 174,964 were accumulated by Hite Hedge Asset Management Ltd Company. First Tru Advisors L P, Illinois-based fund reported 166,580 shares.

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

Among 12 analysts covering Western Gas Partners (NYSE:WES), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Western Gas Partners has $69.0 highest and $41 lowest target. $52.75’s average target is 13.86% above currents $46.33 stock price. Western Gas Partners had 19 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of Western Gas Partners, LP (NYSE:WES) has “Buy” rating given on Sunday, October 29 by RBC Capital Markets. As per Thursday, November 2, the company rating was maintained by Morgan Stanley. Seaport Global downgraded Western Gas Partners, LP (NYSE:WES) on Monday, April 9 to “Neutral” rating. The stock has “Neutral” rating by Citigroup on Tuesday, March 27. On Thursday, November 2 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Equal-Weight” rating given on Wednesday, March 7 by Barclays Capital. The stock of Western Gas Partners, LP (NYSE:WES) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, January 11 by Stifel Nicolaus. The rating was maintained by Morgan Stanley on Friday, November 17 with “Equal-Weight”. UBS maintained Western Gas Partners, LP (NYSE:WES) on Friday, March 2 with “Buy” rating.

The stock decreased 0.04% or $0.02 during the last trading session, reaching $46.33. About 329,311 shares traded. Western Gas Partners, LP (NYSE:WES) has declined 29.39% since April 21, 2017 and is downtrending. It has underperformed by 40.94% the S&P500.

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on May, 1. They expect $0.47 EPS, up 4,600.00 % or $0.46 from last year’s $0.01 per share. WES’s profit will be $72.94 million for 24.64 P/E if the $0.47 EPS becomes a reality. After $0.39 actual EPS reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 20.51 % 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 $7.19 billion. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. It has a 35.64 P/E ratio. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

Western Gas Partners, LP (NYSE:WES) Institutional Positions Chart

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