News articles about Western Gas Equity Partners (NYSE:WGP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Gas Equity Partners earned a news impact score of 0.10 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.4357900579336 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s rankings:
WGP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Western Gas Equity Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Royal Bank Of Canada restated a “buy” rating and set a $53.00 price objective on shares of Western Gas Equity Partners in a report on Monday, August 21st. Morgan Stanley dropped their price objective on Western Gas Equity Partners from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Scotiabank restated a “buy” rating and set a $51.00 price objective on shares of Western Gas Equity Partners in a report on Wednesday, October 25th. Finally, BidaskClub upgraded Western Gas Equity Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.67.
Shares of Western Gas Equity Partners (NYSE:WGP) traded up $0.34 during midday trading on Friday, reaching $36.68. The company had a trading volume of 114,100 shares, compared to its average volume of 158,059. Western Gas Equity Partners has a 52-week low of $33.92 and a 52-week high of $47.82. The firm has a market cap of $7,875.02, a P/E ratio of 21.67 and a beta of 1.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84.
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 (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Western Gas Equity Partners had a return on equity of 8.99% and a net margin of 16.96%. The firm had revenue of $574.70 million during the quarter, compared to the consensus estimate of $530.80 million. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. equities analysts predict that Western Gas Equity Partners will post 1.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 2nd were issued a $0.5375 dividend. This is an increase from Western Gas Equity Partners’s previous quarterly dividend of $0.53. This represents a $2.15 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend was Wednesday, November 1st. Western Gas Equity Partners’s dividend payout ratio is currently 130.30%.
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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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