News stories about Western Gas Equity Partners (NYSE:WGP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Gas Equity Partners earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 46.3614078897888 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Western Gas Equity Partners, LP (WGP) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Western Gas Equity Partners LP: Western Gas Announces 2018 Outlook (twst.com)
- Area Codes Where People Have the Most and Least Money (environmentguru.com)
- Western Gas Partners LP (WES) and Western Gas Equity Partners, LP (WGP) Offer FY18 Guidance (streetinsider.com)
A number of research firms recently issued reports on WGP. Zacks Investment Research upgraded Western Gas Equity Partners from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, September 27th. BidaskClub upgraded Western Gas Equity Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Scotiabank set a $51.00 price objective on Western Gas Equity Partners and gave the company a “buy” rating in a report on Wednesday, August 16th. Seaport Global Securities began coverage on Western Gas Equity Partners in a report on Tuesday, October 10th. They set a “buy” rating and a $49.00 price objective for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $49.67.
Shares of Western Gas Equity Partners (WGP) traded up $0.34 during mid-day trading on Tuesday, hitting $37.31. The company’s stock had a trading volume of 142,307 shares, compared to its average volume of 158,451. Western Gas Equity Partners has a twelve month low of $33.92 and a twelve month high of $47.82. The stock has a market cap of $8,170.00, a PE ratio of 22.10 and a beta of 1.51. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.84.
Western Gas Equity Partners (NYSE:WGP) last issued its earnings results on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Western Gas Equity Partners had a return on equity of 36.10% and a net margin of 25.51%. The business had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $530.80 million. During the same period in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. analysts forecast that Western Gas Equity Partners will post 1.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 2nd were issued a $0.5375 dividend. This represents a $2.15 annualized dividend and a dividend yield of 5.76%. This is a boost from Western Gas Equity Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, November 1st. Western Gas Equity Partners’s dividend payout ratio is currently 130.30%.
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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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