Western Gas Equity Partners, (WGP) Receives Coverage Optimism Rating of 0.12
Media headlines about Western Gas Equity Partners, (NYSE:WGP) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Gas Equity Partners, earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.9425318805334 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Western Gas Equity Partners, (WGP) traded up 0.68% during trading on Wednesday, hitting $40.05. The stock had a trading volume of 132,769 shares. The stock has a 50-day moving average price of $41.84 and a 200 day moving average price of $44.00. Western Gas Equity Partners, has a 12 month low of $35.52 and a 12 month high of $47.82. The company has a market cap of $8.77 billion, a P/E ratio of 24.63 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.07. The firm had revenue of $525.50 million during the quarter, compared to analyst estimates of $505.77 million. Western Gas Equity Partners, had a return on equity of 8.78% and a net margin of 17.50%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Equities analysts expect that Western Gas Equity Partners, will post $1.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, July 31st will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 5.27%. This is a positive change from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, July 27th. Western Gas Equity Partners,’s payout ratio is presently 129.45%.
A number of equities analysts have issued reports on WGP shares. Macquarie started coverage on Western Gas Equity Partners, in a report on Friday, April 21st. They issued an “outperform” rating and a $51.00 price objective for the company. BidaskClub downgraded Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Western Gas Equity Partners, from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Scotiabank set a $51.00 price objective on Western Gas Equity Partners, and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, Deutsche Bank AG upgraded Western Gas Equity Partners, from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $54.00 in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $50.89.
About Western Gas Equity Partners,
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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