Somewhat Favorable News Coverage Somewhat Unlikely to Affect Western Gas Equity Partners (WGP) Stock Price
Media stories about Western Gas Equity Partners (NYSE:WGP) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Gas Equity Partners earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 45.4172769721313 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Western Gas Equity Partners (NYSE WGP) traded up $0.50 during trading hours on Friday, hitting $40.42. The stock had a trading volume of 118,295 shares, compared to its average volume of 172,543. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.91 and a quick ratio of 0.91. Western Gas Equity Partners has a one year low of $33.92 and a one year high of $47.82. The firm has a market capitalization of $8,849.27, a price-to-earnings ratio of 24.50 and a beta of 1.50.
Western Gas Equity Partners (NYSE:WGP) last issued its earnings results on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Western Gas Equity Partners had a return on equity of 8.99% and a net margin of 16.96%. The company had revenue of $574.70 million for the quarter, compared to analyst estimates of $530.80 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Western Gas Equity Partners’s revenue for the quarter was up 19.3% on a year-over-year basis. research analysts anticipate that Western Gas Equity Partners will post 1.7 EPS for the current year.
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.
Receive News & Ratings for Western Gas Equity Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Equity Partners and related companies with MarketBeat.com's FREE daily email newsletter.