Western Gas Equity Partners (WGP) Receiving Positive Media Coverage, Analysis Finds
Press coverage about Western Gas Equity Partners (NYSE:WGP) has trended positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Gas Equity Partners earned a coverage optimism score of 0.37 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 50.1090492735909 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Western Gas Equity Partners (NYSE WGP) traded down $1.24 during trading hours on Friday, reaching $35.26. The company had a trading volume of 382,539 shares, compared to its average volume of 235,403. The company has a market cap of $7,991.06, a P/E ratio of 20.50 and a beta of 1.47. Western Gas Equity Partners has a one year low of $33.92 and a one year high of $47.40. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.89.
Western Gas Equity Partners (NYSE:WGP) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. The company had revenue of $632.02 million during the quarter, compared to the consensus estimate of $573.10 million. Western Gas Equity Partners had a return on equity of 9.40% and a net margin of 16.75%. Western Gas Equity Partners’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. research analysts anticipate that Western Gas Equity Partners will post 2.02 EPS for the current fiscal year.
Several brokerages have recently commented on WGP. Zacks Investment Research lowered Western Gas Equity Partners from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Barclays lowered Western Gas Equity Partners from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $51.00 to $45.00 in a report on Wednesday, January 17th. Bank of America began coverage on Western Gas Equity Partners in a report on Tuesday, January 9th. They set a “neutral” rating for the company. Scotiabank reissued a “buy” rating and set a $49.00 price objective on shares of Western Gas Equity Partners in a report on Monday, January 29th. Finally, Credit Suisse Group began coverage on Western Gas Equity Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $49.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Western Gas Equity Partners currently has a consensus rating of “Hold” and an average price target of $48.82.
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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