Media stories about Western Gas Equity Partners (NYSE:WGP) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.16 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.045944873415 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts have recently commented on the stock. UBS Group upgraded shares of Western Gas Equity Partners from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a report on Wednesday. TheStreet downgraded shares of Western Gas Equity Partners from a “b” rating to a “c+” rating in a report on Monday, October 16th. Seaport Global Securities began coverage on shares of Western Gas Equity Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $49.00 target price for the company. Zacks Investment Research downgraded shares of Western Gas Equity Partners from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Finally, Morgan Stanley lowered their target price on shares of 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.09.
Western Gas Equity Partners (WGP) traded up $0.11 during trading on Friday, reaching $40.77. 303,957 shares of the company were exchanged, compared to its average volume of 219,325. Western Gas Equity Partners has a 52-week low of $33.92 and a 52-week high of $47.82. The stock has a market capitalization of $8,900.00, a P/E ratio of 24.71 and a beta of 1.51. 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 released its earnings results on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Western Gas Equity Partners had a net margin of 16.96% and a return on equity of 8.99%. 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 previous year, the firm earned $0.54 earnings per share. Western Gas Equity Partners’s revenue was up 19.3% compared to the same quarter last year. analysts anticipate that Western Gas Equity Partners will post 1.7 EPS for the current fiscal year.
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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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