Western Gas Equity Partners, LP (WGP) to Release Quarterly Earnings on Tuesday

Western Gas Equity Partners, LP (NYSE:WGP) is set to release its earnings data after the market closes on Tuesday, July 25th. Analysts expect Western Gas Equity Partners, to post earnings of $0.44 per share for the quarter.

Western Gas Equity Partners, (NYSE:WGP) last announced its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Western Gas Equity Partners, had a return on equity of 8.34% and a net margin of 17.55%. The company had revenue of $516.19 million for the quarter, compared to the consensus estimate of $501.83 million. On average, analysts expect Western Gas Equity Partners, to post $1.51 EPS for the current fiscal year and $2.26 EPS for the next fiscal year.

Shares of Western Gas Equity Partners, LP (NYSE:WGP) traded up 0.02% during midday trading on Friday, reaching $41.54. The company had a trading volume of 114,772 shares. The company has a 50-day moving average price of $42.44 and a 200 day moving average price of $44.44. Western Gas Equity Partners, LP has a one year low of $35.52 and a one year high of $47.82. The company has a market capitalization of $9.09 billion, a P/E ratio of 26.75 and a beta of 1.57.

The business also recently disclosed a dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, July 31st will be paid a dividend of $0.5275 per share. This is a boost from Western Gas Equity Partners,’s previous dividend of $0.45. The ex-dividend date is Thursday, July 27th. Western Gas Equity Partners,’s payout ratio is presently 126.28%.

A number of research analysts have issued reports on WGP shares. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price objective on shares of Western Gas Equity Partners, in a research note on Friday, April 7th. Guggenheim started coverage on Western Gas Equity Partners, in a research note on Monday, April 17th. They set a “buy” rating and a $60.00 price objective for the company. Macquarie started coverage on Western Gas Equity Partners, in a research note on Friday, April 21st. They set an “outperform” rating and a $51.00 price objective for the company. BidaskClub cut Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Finally, Zacks Investment Research upgraded Western Gas Equity Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Western Gas Equity Partners, presently has a consensus rating of “Buy” and a consensus target price of $49.09.

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Western Gas Equity Partners, Company Profile

Western Gas Equity Partners, LP is a limited partnership. The Company is formed to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES is an master limited partnership (MLP) engaged in the business of gathering, compressing, treating, processing and transporting natural gas, and gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil.