Somewhat Positive Media Coverage Somewhat Unlikely to Impact Western Gas Equity Partners, (WGP) Stock Price
News articles about Western Gas Equity Partners, (NYSE:WGP) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Western Gas Equity Partners, earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 45.7572401593472 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
WGP has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Western Gas Equity Partners, in a research note on Monday, August 21st. BidaskClub lowered Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Deutsche Bank AG raised Western Gas Equity Partners, from a “hold” rating to a “buy” rating and raised their price target for the stock from $50.00 to $54.00 in a research note on Thursday, July 13th. Zacks Investment Research lowered Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Scotiabank set a $51.00 price target on Western Gas Equity Partners, and gave the stock a “buy” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Western Gas Equity Partners, presently has a consensus rating of “Buy” and an average target price of $50.56.
Western Gas Equity Partners, (NYSE:WGP) opened at 40.50 on Friday. The stock has a 50 day moving average price of $40.92 and a 200-day moving average price of $43.52. Western Gas Equity Partners, has a 12-month low of $35.95 and a 12-month high of $47.82. The stock has a market capitalization of $8.87 billion, a P/E ratio of 24.91 and a beta of 1.56.
Western Gas Equity Partners, (NYSE:WGP) last issued its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Western Gas Equity Partners, had a return on equity of 8.78% and a net margin of 17.50%. The business had revenue of $525.50 million for the quarter, compared to the consensus estimate of $505.77 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. Western Gas Equity Partners,’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities research analysts expect that Western Gas Equity Partners, will post $1.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, July 31st were issued a dividend of $0.5275 per share. This is an increase from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, July 27th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.21%. 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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