Western Gas Equity Partners LP (WGP) Declares Quarterly Dividend of $0.23
Western Gas Equity Partners LP (NYSE:WGP) announced a quarterly dividend on Monday, January 20th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.2313 per share on Friday, February 21st. This represents a $0.93 annualized dividend and a dividend yield of 2.33%.
A number of analysts have recently weighed in on WGP shares. Analysts at Zacks upgraded shares of Western Gas Equity Partners LP from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 7th. They now have a $44.30 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Western Gas Equity Partners LP in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Western Gas Equity Partners LP from $43.00 to $45.00 in a research note to investors on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Western Gas Equity Partners LP presently has a consensus rating of “Buy” and a consensus target price of $45.83.
Shares of Western Gas Equity Partners LP (NYSE:WGP) opened at 39.69 on Monday. Western Gas Equity Partners LP has a 52 week low of $29.80 and a 52 week high of $44.27. The stock has a 50-day moving average of $40.23 and a 200-day moving average of $39.36. The company has a market cap of $8.688 billion and a price-to-earnings ratio of 157.59.
Western Gas Equity Partners LP (NYSE:WGP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $278.00 million for the quarter, compared to the consensus estimate of $272.15 million. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts predict that Western Gas Equity Partners LP will post $0.70 earnings per share for the current fiscal year.
Western Gas Equity Partners, LP was formed to own three types of partnership interests in Western Gas Partners, LP (NYSE:WGP).
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