Analysts See $0.42 EPS for Western Gas Equity Partners LP (WGP)

July 17, 2017 - By Winifred Garcia

 Analysts See $0.42 EPS for Western Gas Equity Partners LP (WGP)
Investors sentiment increased to 0.93 in 2016 Q4. Its up 0.03, from 0.9 in 2016Q3. It increased, as 12 investors sold Western Gas Equity Partners LP shares while 34 reduced holdings. 17 funds opened positions while 26 raised stakes. 38.31 million shares or 6.57% less from 41.01 million shares in 2016Q3 were reported.
Salient Tru Communication Lta holds 0.32% or 67,937 shares. Northern Trust invested 0% of its portfolio in Western Gas Equity Partners LP (NYSE:WGP). Texas Yale Corporation has invested 0.08% in Western Gas Equity Partners LP (NYSE:WGP). Wealthtrust, Alabama-based fund reported 200 shares. 172,727 are held by Jane Street Group Ltd Liability Company. State Street, Massachusetts-based fund reported 5,369 shares. 2.31M are owned by Morgan Stanley. 21,921 were accumulated by Kcg Hldgs. Carroll Assoc Inc has invested 0% in Western Gas Equity Partners LP (NYSE:WGP). Tph Asset Mgmt Ltd has 2.37% invested in Western Gas Equity Partners LP (NYSE:WGP) for 553,456 shares. Barclays Public Ltd Co owns 129,370 shares or 0.01% of their US portfolio. 72,719 were accumulated by Conning Inc. Raymond James Fincl Svcs Advsrs invested in 10,059 shares or 0% of the stock. Neuberger Berman Limited Co owns 9.46 million shares. Rr Llc holds 3.41% or 619,000 shares.

Analysts expect Western Gas Equity Partners LP (NYSE:WGP) to report $0.42 EPS on July, 25.They anticipate $0.01 EPS change or 2.44 % from last quarter’s $0.41 EPS. WGP’s profit would be $92.73 million giving it 25.77 P/E if the $0.42 EPS is correct. After having $0.35 EPS previously, Western Gas Equity Partners LP’s analysts see 20.00 % EPS growth. The stock increased 0.46% or $0.2 during the last trading session, reaching $43.3. About 56,794 shares traded. Western Gas Equity Partners LP (NYSE:WGP) has risen 3.31% since July 18, 2016 and is uptrending. It has underperformed by 13.39% the S&P500.

Western Gas Equity Partners LP (NYSE:WGP) Ratings Coverage

Among 17 analysts covering Western Gas Equity Partners (NYSE:WGP), 5 have Buy rating, 0 Sell and 12 Hold. Therefore 29% are positive. Western Gas Equity Partners had 24 analyst reports since August 3, 2015 according to SRatingsIntel. On Friday, January 15 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock of Western Gas Equity Partners LP (NYSE:WGP) earned “Neutral” rating by Citigroup on Thursday, April 7. Credit Suisse downgraded it to “Neutral” rating and $37 target in Thursday, March 17 report. The stock of Western Gas Equity Partners LP (NYSE:WGP) earned “Neutral” rating by Bank of America on Monday, February 27. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, October 13. The rating was initiated by Macquarie Research with “Outperform” on Friday, April 21. MUFG initiated it with “Neutral” rating and $45 target in Friday, June 17 report. Wells Fargo downgraded Western Gas Equity Partners LP (NYSE:WGP) on Monday, January 18 to “Market Perform” rating. The stock of Western Gas Equity Partners LP (NYSE:WGP) has “Equal-Weight” rating given on Thursday, February 25 by Morgan Stanley. The stock of Western Gas Equity Partners LP (NYSE:WGP) earned “Overweight” rating by JP Morgan on Wednesday, March 30.

Western Gas Equity Partners, LP is a limited partnership. The company has market cap of $9.56 billion. The Firm is formed to own approximately three types of partnership interests in Western Gas Partners, LP . It has a 27.89 P/E ratio. 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.

More notable recent Western Gas Equity Partners LP (NYSE:WGP) news were published by: Bizjournals.com which released: “Western Gas names new CFO to succeed recently promoted CEO” on May 22, 2017, also Prnewswire.com with their article: “Western Gas Partners Announces Acquisition Of Interest In Delaware Basin …” published on February 09, 2017, Prnewswire.com published: “Western Gas Announces First Quarter 2017 Distribution And Schedules Earnings …” on April 13, 2017. More interesting news about Western Gas Equity Partners LP (NYSE:WGP) were released by: Seekingalpha.com and their article: “Western Gas appoints new CFO” published on May 22, 2017 as well as Benzinga.com‘s news article titled: “Why Western Gas Equity Is The Best Delaware Basin Midstream Play” with publication date: October 10, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.