Western Gas (WES) Receives a Hold from Wells Fargo


In a report released yesterday, Michael Blum from Wells Fargo maintained a Hold rating on Western Gas (WES). The company’s shares closed on Friday at $49.62.

According to TipRanks.com, Blum is a 4-star analyst with an average return of 9.4% and a 61.8% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and Targa Resources Corp.

Currently, the analyst consensus on Western Gas is a Hold with an average price target of $45, a -9.3% downside from current levels. In a report issued on February 15, MUFG Securities Americas Inc also upgraded the stock to Hold.

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The company has a one-year high of $53.44 and a one-year low of $38.35. Currently, Western Gas has an average volume of 757K.

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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.

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