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Enter Symbol:
Rating: WES
Outperform $72

Westcorp (NYSE: WES) rated to Outperform with price target $72 by FBR Capital

Monday,  Sep 28, 2015  8:25 AM ET by Kristen Bailey

FBR Capital rated Westcorp
(NYSE: WES) to Outperform with price target $72.

Western Gas Partners, LP is limited partnership organized by Anadarko to own, operate, acquire and develop midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and transporting natural gas for Anadarko Petroleum Corporation (Anadarko) and other producers and customers. The Company?s assets consist of nine gathering systems, six natural gas treating facilities, two gas processing facilities and one interstate pipeline. Its assets are located in East Texas, the Rocky Mountains (Utah and Wyoming) and the Mid-Continent (Kansas and Oklahoma). The Company?s general partner is Western Gas Holdings, LLC, a wholly owned subsidiary of Anadarko. On December 19, 2008, the Company acquired certain midstream assets from Anadarko.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.



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