Downgrades Eq-Weight Underweight X

WES Western Midstream

Morgan Stanley

$42 $40

Resumed Underperform X

WES Western Midstream

BofA Securities

$37

Downgrades Overweight Eq-Weight X

WES Western Midstream

Morgan Stanley

$42

Downgrades Buy Hold X

WES Western Midstream

Stifel

$39

Upgrades Underperform Peer Perform X

WES Western Midstream

Wolfe Research

Downgrades Outperform Mkt Perform X

WES Western Midstream

Raymond James

Downgrades Buy Neutral X

WES Western Midstream

Citigroup

$30 $34

Downgrades Buy Underperform X

WES Western Midstream

BofA Securities

$30 $27

Downgrades Overweight Eq Weight X

WES Western Midstream

Wells Fargo

$31 $30

Downgrades Overweight Neutral X

WES Western Midstream

JP Morgan

$31 $29

Downgrades Peer Perform Underperform X

WES Western Midstream

Wolfe Research

$25

Initiated Neutral X

WES Western Midstream

UBS

$27

Initiated Outperform X

WES Western Midstream

Raymond James

$34

Initiated Buy X

WES Western Midstream

Citigroup

$33

Initiated Peer Perform X

WES Western Midstream

Wolfe Research

Upgrades Neutral Buy X

WES Western Midstream

BofA Securities

$22 $25

Upgrades Eq-Weight Overweight X

WES Western Midstream

Morgan Stanley

$24

Upgrades Underweight Eq-Weight X

WES Western Midstream

Morgan Stanley

$20 $22

Upgrades Neutral Overweight X

WES Western Midstream

JP Morgan

$25

Resumed Sector Perform X

WES Western Midstream

Scotiabank

Upgrades Underperform Neutral X

WES Western Midstream

BofA Securities

$16

Upgrades Eq Weight Overweight X

WES Western Midstream

Barclays

$16 $19

Reiterated Neutral X

WES Western Midstream

BofA/Merrill

$35 $29

Downgrades Overweight Neutral X

WES Western Midstream

JP Morgan

$40 $31

Downgrades Buy Neutral X

WES Western Midstream

Ladenburg Thalmann

Downgrades Buy Neutral X

WES Western Midstream

UBS

$40 $27

Initiated Buy X

WES Western Midstream

Mizuho

$34

Resumed Buy X

WES Western Midstream

Citigroup

$35

Downgrades Buy Hold X

WES Western Gas Partners

Stifel

Downgrades Buy Neutral X

WES Western Gas Partners

Seaport Global Securities

$59 $41

Upgrades Neutral Buy X

WES Western Gas Partners

Citigroup

WES  Western Gas Partners, LP Limited Partner Interests

Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States. The Company provides midstream services for Anadarko Petroleum Corporation (Anadarko), as well as for third-party producers and customers. The Company's operations and activities are managed by its general partner, which is indirectly controlled by Anadarko through Western Gas Equity Partners, LP (WGP). As of December 31, 2016, its assets and investments consisted of gathering systems, treating facilities, natural gas processing plants/trains, NGL pipelines, natural gas pipelines and oil pipelines. These assets and investments are located in the Rocky Mountains (Colorado, Utah and Wyoming), North-central Pennsylvania and Texas.