Western Gas Partners LP (NYSE:WES).
Rr Advisors, LLC lowered its ownership in Western Gas Partners LP shares by 7.8% as reported in a filing on 11/15/2017. Its stake stood at $77,952,000 a decrease of 15.4% according to the filing.
These firms have modified their investment in WES. As of quarter end Raymond James & Associates had bought 1,342 shares growing its position 1.5%. The value of the investment in WES decreased from $5,032,000 to $4,682,000 decreasing 7.0% quarter over quarter. Evergreen Capital Management LLC added to its stake by buying 123,175 shares an increase of 116.6%. Evergreen Capital Management LLC now holds 228,774 shares valued at $11,732,000. The value of the position overall is up by 98.6%.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 146,069 shares growing its stake by 122.2%. The value of the company’s investment in Western Gas Partners LP went from $6,685,000 to $13,619,000 a change of 103.7% quarter to quarter.
Seaport Global Securities issued a report on WES with a rating of “Buy”. On October 12 Stifel Nicolaus made no change to the stock rating of “Hold” projecting a price of $54.00.
October 25 investment analysts at Scotiabank held the company rating at “Hold” targeting a price of $61.00.
Barclays PLC lowered the price target of the stock on November 2 changing the forecast from $63.00 to $62.00 and stated a “Overweight” rating. Equity analyst Morgan Stanley lowered the price target on November 2 changing the price objective from $57.00 to $52.00 with a “Equal Weight” recommendation.
The company is so far trading up by 1.98% percent from yesterday’s close. The P/E ratio is currently 33.78 and market cap is 6.85B. As of the last earnings report the EPS was $1.33 with 152.60M shares currently outstanding.
Traders are a little more bearish on Western Gas Partners LP of late if you evaluate the increase in short interest. The company realized a rise in short interest of 22.73% as of the latest report on October 13, 2017. Short shares increased 231,557 over that period. The days to cover increased to 2.0 and the percentage of shorted shares is 0.01% as of October 13.