Western Gas Equity Partners (NYSE:WGP) Receives News Sentiment Rating of 0.22
News headlines about Western Gas Equity Partners (NYSE:WGP) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Gas Equity Partners earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 48.3109418680779 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- ETE, PAGP, WGP, and WMB: Recent Institutional Activity (finance.yahoo.com)
- ETE Has the Most ‘Buys,’ WGP Has the Most ‘Holds’ (finance.yahoo.com)
- What Analysts Recommend for Energy Transfer Equity Stock (finance.yahoo.com)
- Williams Companies Has the Lowest Valuation (finance.yahoo.com)
- Financial Analysis: Western Gas Equity Partners (WGP) and Marathon Petroleum (MPC) (americanbankingnews.com)
Several analysts have recently weighed in on the company. Scotiabank reiterated a “buy” rating and set a $49.00 target price on shares of Western Gas Equity Partners in a research report on Monday, January 29th. Bank of America initiated coverage on shares of Western Gas Equity Partners in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Western Gas Equity Partners from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. UBS Group upgraded Western Gas Equity Partners from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Wednesday, January 3rd. Finally, Barclays set a $43.00 price target on Western Gas Equity Partners and gave the stock a “hold” rating in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.64.
Western Gas Equity Partners (NYSE:WGP) last announced its earnings results on Thursday, February 15th. The pipeline company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $632.02 million during the quarter, compared to analysts’ expectations of $573.10 million. Western Gas Equity Partners had a return on equity of 9.40% and a net margin of 16.75%. Western Gas Equity Partners’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. equities analysts forecast that Western Gas Equity Partners will post 2.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st were given a dividend of $0.5488 per share. This represents a $2.20 annualized dividend and a dividend yield of 6.06%. The ex-dividend date was Wednesday, January 31st. This is a positive change 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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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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