Media stories about Western Gas Equity Partners (NYSE:WGP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Gas Equity Partners earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 45.8883990869374 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Western Gas Equity Partners (NYSE WGP) traded down $0.45 on Friday, hitting $39.55. The company’s stock had a trading volume of 171,483 shares, compared to its average volume of 181,599. The company has a market capitalization of $8,654.43 and a price-to-earnings ratio of 23.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 0.91. Western Gas Equity Partners has a 52-week low of $33.92 and a 52-week high of $47.82.

Western Gas Equity Partners (NYSE:WGP) last announced its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $530.80 million. Western Gas Equity Partners had a return on equity of 8.99% and a net margin of 16.96%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. equities analysts forecast that Western Gas Equity Partners will post 1.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st will be given a $0.5488 dividend. The ex-dividend date is Wednesday, January 31st. This is a boost from Western Gas Equity Partners’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 5.55%. Western Gas Equity Partners’s payout ratio is 130.30%.

WGP has been the topic of a number of recent analyst reports. Scotiabank reiterated a “buy” rating and set a $49.00 price target on shares of Western Gas Equity Partners in a report on Monday. UBS Group upgraded Western Gas Equity Partners from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded Western Gas Equity Partners from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Thursday, November 9th. Seaport Global Securities assumed coverage on Western Gas Equity Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $49.00 target price on the stock. Finally, TheStreet lowered Western Gas Equity Partners from a “b” rating to a “c+” rating in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.58.

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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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