Media coverage about Western Gas Equity Partners, (NYSE:WGP) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest 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 headlines about the pipeline company an impact score of 45.6168009544217 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities analysts have commented on the stock. Scotiabank reissued a “buy” rating and set a $51.00 target price on shares of Western Gas Equity Partners, in a research note on Wednesday, October 25th. TheStreet cut shares of Western Gas Equity Partners, from a “b” rating to a “c+” rating in a research note on Monday, October 16th. Seaport Global Securities assumed coverage on shares of Western Gas Equity Partners, in a research note on Tuesday, October 10th. They set a “buy” rating and a $49.00 target price on the stock. Zacks Investment Research cut shares of Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub raised shares of Western Gas Equity Partners, from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $50.40.
Western Gas Equity Partners, (WGP) opened at 39.08 on Monday. Western Gas Equity Partners, has a 52 week low of $37.44 and a 52 week high of $47.82. The stock has a 50 day moving average of $39.98 and a 200 day moving average of $41.91. The firm has a market cap of $8.56 billion, a PE ratio of 24.03 and a beta of 1.57.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.5375 per share. The ex-dividend date is Wednesday, November 1st. This is an increase from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. This represents a $2.15 dividend on an annualized basis and a yield of 5.50%. Western Gas Equity Partners,’s dividend payout ratio is presently 129.45%.
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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