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Shares of Western Gas Equity Partners (NYSE:WGP) reached a new 52-week high on Monday , StockRatingsNetwork reports. The stock traded as high as $53.83 and last traded at $53.50, with a volume of 32,085 shares changing hands. The stock had previously closed at $53.15.

A number of research firms have recently commented on WGP. Analysts at RBC Capital raised their price target on shares of Western Gas Equity Partners from $50.00 to $57.00 in a research note on Tuesday, May 13th. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Western Gas Equity Partners from $51.00 to $59.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of Western Gas Equity Partners from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $54.00 price target on the stock, up previously from $49.00. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Western Gas Equity Partners presently has an average rating of “Buy” and an average price target of $55.54.

The stock’s 50-day moving average is $50.63 and its 200-day moving average is $44.96. The company has a market cap of $11.648 billion and a P/E ratio of 64.98.

Western Gas Equity Partners (NYSE:WGP) last released its earnings data on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.33. The company had revenue of $275.46 million for the quarter, compared to the consensus estimate of $293.96 million. On average, analysts predict that Western Gas Equity Partners will post $1.04 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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