Western Gas Equity Partners, (WGP) Receiving Somewhat Favorable Media Coverage, Study Finds
Press coverage about Western Gas Equity Partners, (NYSE:WGP) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring 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 news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 46.9660043403912 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
WGP has been the topic of several research analyst reports. Zacks Investment Research raised Western Gas Equity Partners, from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research note on Thursday, July 13th. BidaskClub cut Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG raised Western Gas Equity Partners, from a “hold” rating to a “buy” rating and boosted their target price for the company from $50.00 to $54.00 in a research note on Thursday, July 13th. Macquarie initiated coverage on Western Gas Equity Partners, in a research note on Friday, April 21st. They set an “outperform” rating and a $51.00 target price on the stock. Finally, Scotiabank set a $51.00 target price on Western Gas Equity Partners, and gave the company a “buy” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $50.89.
Shares of Western Gas Equity Partners, (NYSE WGP) traded up 0.45% during midday trading on Friday, reaching $39.95. The company had a trading volume of 109,305 shares. Western Gas Equity Partners, has a 1-year low of $35.52 and a 1-year high of $47.82. The firm’s 50 day moving average price is $41.98 and its 200-day moving average price is $44.17. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 24.57 and a beta of 1.56.
Western Gas Equity Partners, (NYSE:WGP) last announced its earnings results on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $525.50 million for the quarter, compared to the consensus estimate of $505.77 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Equities research analysts expect that Western Gas Equity Partners, will post $1.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, July 31st will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 5.28%. This is an increase from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, July 27th. Western Gas Equity Partners,’s payout ratio is 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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