Headlines about Western Gas Equity Partners, (NYSE:WGP) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Gas Equity Partners, earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.6379412496175 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have weighed in on WGP. Macquarie began coverage on Western Gas Equity Partners, in a report on Friday, April 21st. They set an “outperform” rating and a $51.00 target price on the stock. Guggenheim assumed coverage on Western Gas Equity Partners, in a report on Monday, April 17th. They set a “buy” rating and a $60.00 target price on the stock. BidaskClub raised Western Gas Equity Partners, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised Western Gas Equity Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Scotiabank set a $51.00 price target on Western Gas Equity Partners, and gave the stock a “buy” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Western Gas Equity Partners, has an average rating of “Buy” and a consensus target price of $50.89.
Shares of Western Gas Equity Partners, (NYSE:WGP) traded up 0.45% during mid-day trading on Friday, hitting $39.95. The stock had a trading volume of 109,305 shares. Western Gas Equity Partners, has a 52-week low of $35.52 and a 52-week high of $47.82. The company’s 50 day moving average is $41.96 and its 200-day moving average is $44.14. The stock has a market cap of $8.75 billion, a P/E ratio of 24.57 and a beta of 1.56.
Western Gas Equity Partners, (NYSE:WGP) last released its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Western Gas Equity Partners, had a net margin of 17.50% and a return on equity of 8.78%. The business had revenue of $525.50 million for the quarter, compared to analyst estimates of $505.77 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, equities research analysts anticipate that Western Gas Equity Partners, will post $1.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, July 31st will be issued a $0.5275 dividend. This is a positive change from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. This represents a $2.11 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, July 27th. Western Gas Equity Partners,’s payout ratio is currently 129.45%.
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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.
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