Deutsche Bank Believes WES Won’t Stop Here

Deutsche Bank analyst Kristina Kazarian reiterated a Buy rating on Western Gas (NYSE: WES) on October 6 and set a price target of $56. The company’s shares closed last Friday at $54.62, close to its 52-week high of $56.11.

According to TipRanks.com, Kazarian is a 1-star analyst with an average return of -2.0% and a 50.6% success rate. Kazarian covers the Basic Materials sector, focusing on stocks such as Western Refining Logistics, Penntex Midstream Partners, and Dcp Midstream Partners Lp.

Western Gas has an analyst consensus of Moderate Buy, with a price target consensus of $56.

The company has a one year high of $56.11 and a one year low of $25.40. Currently, Western Gas has an average volume of 315.6K.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James Crane, a a Director at WES sold 96,862 shares for a total of $5,363,249.

Western Gas Partners LP operates as a limited partnership, which owns, operates, acquires and develops midstream energy assets. It engages in the business of 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.