Western Gas Equity Partners LP (NYSE:WGP) was the recipient of some unusual options trading on Tuesday. Stock investors bought 2,015 call options on the company. This is an increase of approximately 1,121% compared to the typical daily volume of 165 call options.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Taylor Wealth Management Partners bought a new position in Western Gas Equity Partners in the 2nd quarter worth about $111,000. Baldwin Brothers Inc. MA bought a new position in Western Gas Equity Partners in the 2nd quarter worth about $194,000. Wetherby Asset Management Inc. bought a new position in Western Gas Equity Partners in the 2nd quarter worth about $215,000. First Republic Investment Management Inc. bought a new position in Western Gas Equity Partners in the 1st quarter worth about $223,000. Finally, Stokes Capital Advisors LLC bought a new position in Western Gas Equity Partners in the 2nd quarter worth about $234,000. Institutional investors and hedge funds own 21.44% of the company’s stock.

NYSE:WGP opened at $30.01 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.48. Western Gas Equity Partners has a 52-week low of $29.69 and a 52-week high of $42.92. The firm has a market cap of $6.78 billion, a P/E ratio of 17.45 and a beta of 1.70.

Western Gas Equity Partners (NYSE:WGP) last released its quarterly earnings data on Tuesday, July 31st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.12). The company had revenue of $435.95 million for the quarter. Western Gas Equity Partners had a net margin of 17.52% and a return on equity of 9.42%. research analysts forecast that Western Gas Equity Partners will post 2.3 earnings per share for the current year.

A number of research analysts have recently commented on WGP shares. Zacks Investment Research cut Western Gas Equity Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 17th. Citigroup boosted their price objective on Western Gas Equity Partners from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Stifel Nicolaus initiated coverage on Western Gas Equity Partners in a research note on Tuesday, September 18th. They set a “buy” rating and a $40.00 price objective on the stock. Barclays decreased their price objective on Western Gas Equity Partners from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 11th. Finally, ValuEngine lowered Western Gas Equity Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.08.

About Western Gas Equity Partners

Western Gas Equity Partners, LP, together with its subsidiaries, engages in the gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.

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