In a report issued on November 15, Richard Roberts from Scotiabank reiterated a Hold rating on Western Gas (WES), with a price target of $52. The company’s shares closed yesterday at $45.51.
According to TipRanks.com, Roberts is a 1-star analyst with an average return of -4.9% and a 38.1% success rate. Roberts covers the Basic Materials sector, focusing on stocks such as Holly Energy Partners LP, Andeavor Logistics LP, and Western Gas Eq.
Western Gas has an analyst consensus of Moderate Buy, with a price target consensus of $52, which is a 14.3% upside from current levels. In a report issued on November 7, Wells Fargo also maintained a Hold rating on the stock with a $49 price target.
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The company has a one-year high of $54.40 and a one-year low of $38.35. Currently, Western Gas has an average volume of 742.4K.
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Western Gas Partners LP engages in the owning, operating, acquiring, and developing of midstream energy assets. It involves in the gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. The company was founded in August 2007 and is headquartered in The Woodlands, TX.
