News stories about Western Gas Equity Partners (NYSE:WGP) have trended positive on Tuesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Western Gas Equity Partners earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned press 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 near term.
A number of equities research analysts recently issued reports on WGP shares. Credit Suisse Group started coverage on shares of Western Gas Equity Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $49.00 price objective for the company. Zacks Investment Research lowered shares of Western Gas Equity Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Barclays lowered shares of Western Gas Equity Partners from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $51.00 to $45.00 in a research note on Wednesday, January 17th. 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. Finally, 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 research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.58.
Shares of Western Gas Equity Partners (WGP) traded up $0.20 during mid-day trading on Tuesday, reaching $36.90. 180,690 shares of the company’s stock traded hands, compared to its average volume of 215,643. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $8,090.00, a price-to-earnings ratio of 21.45 and a beta of 1.46. Western Gas Equity Partners has a one year low of $33.92 and a one year high of $47.40.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st were paid a $0.5488 dividend. This is a positive change from Western Gas Equity Partners’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $2.20 annualized dividend and a dividend yield of 5.95%. Western Gas Equity Partners’s dividend payout ratio (DPR) is presently 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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