Western Gas Equity Partners (WGP) to Release Quarterly Earnings on Thursday

Western Gas Equity Partners (NYSE:WGP) will be issuing its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Western Gas Equity Partners (WGP) opened at $39.91 on Thursday. The stock has a market cap of $8,501.17, a PE ratio of 24.10 and a beta of 1.45. Western Gas Equity Partners has a twelve month low of $33.92 and a twelve month high of $47.82. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.5488 per share. This is a boost from Western Gas Equity Partners’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Wednesday, January 31st. Western Gas Equity Partners’s dividend payout ratio (DPR) is currently 132.73%.

An institutional investor recently raised its position in Western Gas Equity Partners stock. Northern Trust Corp increased its position in shares of Western Gas Equity Partners LP (NYSE:WGP) by 35.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,537 shares of the pipeline company’s stock after purchasing an additional 2,500 shares during the quarter. Northern Trust Corp’s holdings in Western Gas Equity Partners were worth $410,000 as of its most recent SEC filing. 18.50% of the stock is owned by hedge funds and other institutional investors.

WGP has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on shares of Western Gas Equity Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $49.00 price objective for the company. Zacks Investment Research cut shares of Western Gas Equity Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Barclays cut shares of Western Gas Equity Partners from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $51.00 to $45.00 in a report on Wednesday, January 17th. Morgan Stanley reduced their price objective on shares of Western Gas Equity Partners from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Finally, Scotiabank reiterated a “buy” rating and set a $51.00 price objective on shares of Western Gas Equity Partners in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.58.

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Western Gas Equity Partners Company Profile

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.

Earnings History for Western Gas Equity Partners (NYSE:WGP)

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