Somewhat Positive News Coverage Somewhat Unlikely to Impact Western Gas Equity Partners, (WGP) Share Price
Media stories about Western Gas Equity Partners, (NYSE:WGP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. 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 media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 46.7469552327906 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.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Western Gas Equity Partners LP breached its 50 day moving average in a Bearish Manner : WGP-US : October 10, 2017 (finance.yahoo.com)
- Western Gas Equity Partners, LP (WGP) Research Coverage Started at Seaport Global Securities (americanbankingnews.com)
- Western Gas Equity Partners, (WGP) versus Its Peers Financial Contrast (americanbankingnews.com)
- Western Gas Equity Partners, LP (WGP) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Western Gas Equity Partners, from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Deutsche Bank AG raised shares of Western Gas Equity Partners, from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $54.00 in a report on Thursday, July 13th. Scotiabank set a $51.00 price target on shares of Western Gas Equity Partners, and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, BidaskClub lowered shares of Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $50.40.
Shares of Western Gas Equity Partners, (WGP) opened at 40.65 on Thursday. The firm has a market cap of $8.90 billion, a PE ratio of 25.00 and a beta of 1.57. Western Gas Equity Partners, has a 52 week low of $38.71 and a 52 week high of $47.82. The firm’s 50-day moving average is $40.25 and its 200 day moving average is $42.44.
Western Gas Equity Partners, (NYSE:WGP) last released its quarterly earnings data on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.07. The firm had revenue of $525.50 million during the quarter, compared to analysts’ expectations of $505.77 million. Western Gas Equity Partners, had a return on equity of 8.78% and a net margin of 17.50%. Western Gas Equity Partners,’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. Equities research analysts forecast that Western Gas Equity Partners, will post $1.62 EPS for the current year.
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.
Receive News & Stock Ratings for Western Gas Equity Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Equity Partners LP and related stocks with our FREE daily email newsletter.