News articles about Western Gas Equity (NYSE:WGP) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Gas Equity earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.5080146976886 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
A number of equities analysts recently commented on WGP shares. Credit Suisse Group started coverage on Western Gas Equity in a research report on Thursday, January 4th. They set an “outperform” rating and a $49.00 price objective on the stock. UBS upgraded Western Gas Equity from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Western Gas Equity from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Bank of America reduced their price objective on Western Gas Equity from $41.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 27th. Finally, Barclays downgraded Western Gas Equity from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $51.00 to $45.00 in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.50.
NYSE:WGP traded down $0.53 on Friday, reaching $32.56. The company’s stock had a trading volume of 190,080 shares, compared to its average volume of 213,387. Western Gas Equity has a 12-month low of $31.83 and a 12-month high of $46.83. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $7,128.46, a P/E ratio of 18.93 and a beta of 1.53.
Western Gas Equity (NYSE:WGP) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. Western Gas Equity had a return on equity of 9.40% and a net margin of 16.75%. The company had revenue of $632.02 million for the quarter, compared to the consensus estimate of $573.10 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. sell-side analysts anticipate that Western Gas Equity will post 1.92 earnings per share for the current fiscal year.
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Western Gas Equity Company Profile
Western Gas Equity Partners, LP, together with its subsidiaries, engages in the gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.
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