Headlines about Western Gas Equity Partners (NYSE:WGP) have trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public 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 0.31 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 49.0214585463568 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Western Gas Partners, LP — Moody’s rates new Western Gas notes Ba1 (finance.yahoo.com)
- Stock Traders Buy Large Volume of Western Gas Equity Partners Put Options (WGP) (americanbankingnews.com)
- Western Gas Equity Partners (WGP) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS (americanbankingnews.com)
- Western Gas Equity Partners (WGP) Misses Q4 EPS by 1c (streetinsider.com)
- Western Gas Equity Partners beats by $0.05, beats on revenue (seekingalpha.com)
WGP has been the subject of several analyst reports. Credit Suisse Group initiated coverage on shares of Western Gas Equity Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $49.00 target price for the company. UBS Group raised shares of Western Gas Equity Partners from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Western Gas Equity Partners from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Thursday, November 9th. Barclays lowered shares of Western Gas Equity Partners from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $51.00 to $45.00 in a report on Wednesday, January 17th. 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 research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Western Gas Equity Partners has a consensus rating of “Hold” and a consensus price target of $48.58.
Western Gas Equity Partners (NYSE:WGP) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Western Gas Equity Partners had a net margin of 16.75% and a return on equity of 9.40%. The firm had revenue of $632.02 million for the quarter, compared to analyst estimates of $573.10 million. During the same period last year, the firm posted $0.38 EPS. Western Gas Equity Partners’s quarterly revenue was up 23.7% on a year-over-year basis. analysts expect that Western Gas Equity Partners will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 1st were issued a $0.5488 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $2.20 dividend on an annualized basis and a yield of 5.88%. This is an increase from Western Gas Equity Partners’s previous quarterly dividend of $0.54. Western Gas Equity Partners’s dividend payout ratio (DPR) is 127.33%.
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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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