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Western Gas Partners Earns ‘Buy’ Ratings from 53% of Analysts

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Analysts’ ratings for Western Gas Partners

Of the analysts covering Western Gas Partners (WES), 53.0% recommend “buy,” 42% recommend “hold,” and 5.0% recommend “sell” as of August 17, 2017. WES had no “sell” ratings until it was downgraded from “neutral” to “underperform” by Bank of America Merrill Lynch in February 2017. Overall, the partnership has seen three rating updates since the beginning of 2017, including one downgrade and two initiations of coverage with “buy” ratings.

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Western Gas Partners is still trading below the low range ($56) of analysts’ target price. WES’s average target price of $63.50 implies a 28.3% price return based on its current price levels. Peers Enlink Midstream Partners (ENLK) and DCP Midstream (DCP) have “hold” ratings from 56.3% and 64.7% of analysts surveyed by Reuters. Western Gas Equity Partners, Western Gas’s general partner, has received “hold” recommendations from 64.7% of analysts. For more coverage on midstream companies, see our Master Limited Partnerships page.

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