Western Gas Equity Partners LP (WGP) EPS Estimated At $0.40

July 19, 2017 - By Stephen Andrade

 Western Gas Equity Partners LP (WGP) EPS Estimated At $0.40
Investors sentiment increased to 0.93 in Q4 2016. Its up 0.03, from 0.9 in 2016Q3. It improved, 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.
Citigroup holds 0.05% or 1.40M shares. Fifth Third Fincl Bank reported 1,363 shares. Tower Research Llc (Trc) stated it has 0.02% of its portfolio in Western Gas Equity Partners LP (NYSE:WGP). Lucas, New Jersey-based fund reported 91,489 shares. Massachusetts Financial Serv Ma stated it has 0.03% in Western Gas Equity Partners LP (NYSE:WGP). Silvercrest Asset Mgmt Gru Lc holds 0.04% in Western Gas Equity Partners LP (NYSE:WGP) or 91,042 shares. Creative Planning has 0% invested in Western Gas Equity Partners LP (NYSE:WGP). Caprock Group Inc Incorporated reported 6,955 shares. Jane Street Grp Ltd Liability Corp holds 0.03% or 172,727 shares. Chickasaw Capital Limited Liability Company owns 5.12M shares. Alps Advisors has invested 0% in Western Gas Equity Partners LP (NYSE:WGP). Raymond James Fin Ser Advsr holds 0% or 10,059 shares. Salient Tru Lta owns 0.32% invested in Western Gas Equity Partners LP (NYSE:WGP) for 67,937 shares. Nuveen Asset Mngmt Limited Company has 24,713 shares for 0.01% of their portfolio. Heronetta Limited Partnership owns 20,400 shares or 0.45% of their US portfolio.

Analysts await Western Gas Equity Partners LP (NYSE:WGP) to report earnings on July, 25. They expect $0.40 EPS, down 2.44 % or $0.01 from last year’s $0.41 per share. WGP’s profit will be $86.47 million for 26.80 P/E if the $0.40 EPS becomes a reality. After $0.35 actual EPS reported by Western Gas Equity Partners LP for the previous quarter, Wall Street now forecasts 14.29 % EPS growth. The stock increased 0.28% or $0.12 on July 19, reaching $42.88. About 103,128 shares traded. Western Gas Equity Partners LP (NYSE:WGP) has risen 3.31% since July 20, 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. Barclays Capital maintained the shares of WGP in report on Monday, November 2 with “Equal-Weight” rating. Credit Suisse downgraded Western Gas Equity Partners LP (NYSE:WGP) rating on Thursday, March 17. Credit Suisse has “Neutral” rating and $37 target. The rating was downgraded by Zacks to “Buy” on Thursday, August 6. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, January 15 report. On Wednesday, March 30 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Neutral” rating given on Monday, February 27 by Bank of America. The rating was downgraded by Wells Fargo on Monday, January 18 to “Market Perform”. Morgan Stanley initiated the stock with “Equal-Weight” rating in Thursday, February 25 report. The stock of Western Gas Equity Partners LP (NYSE:WGP) has “Outperform” rating given on Friday, April 21 by Macquarie Research. As per Tuesday, October 11, the company rating was maintained by RBC Capital Markets.

Western Gas Equity Partners, LP is a limited partnership. The company has market cap of $9.27 billion. The Firm is formed to own approximately three types of partnership interests in Western Gas Partners, LP . It has a 27.62 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 important 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 Gurufocus.com published article titled: “Western Gas Announces Second Quarter 2017 Distribution And Schedules Earnings …”, Prnewswire.com published: “Western Gas Announces Fourth Quarter 2016 Distribution And Schedules Earnings …” on January 17, 2017. More interesting news about Western Gas Equity Partners LP (NYSE:WGP) was released by: Seekingalpha.com and their article: “Western Gas appoints new CFO” with publication date: May 22, 2017.

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