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Western Gas Equity Partners (NYSE:WGP) was downgraded by investment analysts at Tudor Pickering from a “buy” rating to an “accumulate” rating in a note issued to investors on Tuesday, AnalystRatings.NET reports.

Western Gas Equity Partners (NYSE:WGP) opened at 48.45 on Tuesday. Western Gas Equity Partners has a 52-week low of $32.08 and a 52-week high of $50.52. The stock has a 50-day moving average of $46.19 and a 200-day moving average of $41.46. The company has a market cap of $10.606 billion and a price-to-earnings ratio of 67.67.

Western Gas Equity Partners (NYSE:WGP) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.38. The company had revenue of $290.60 million for the quarter, compared to the consensus estimate of $275.11 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. Analysts expect that Western Gas Equity Partners will post $1.00 EPS for the current fiscal year.

A number of other firms have also recently commented on WGP. Analysts at Citigroup Inc. raised their price target on shares of Western Gas Equity Partners from $71.00 to $74.00 in a research note on Friday, March 28th. Separately, analysts at Ladenburg Thalmann reiterated a “buy” rating on shares of Western Gas Equity Partners in a research note on Monday, March 3rd. They now have a $54.50 price target on the stock, up previously from $51.00. Finally, analysts at RBC Capital raised their price target on shares of Western Gas Equity Partners from $47.00 to $50.00 in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Western Gas Equity Partners presently has an average rating of “Buy” and a consensus target price of $52.53.

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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