Can analysts adopt a bullish outlook for Western Gas Equity Partners LP (NYSE:WGP)?

October 13, 2017 - By Marguerite Chambers

 Can analysts adopt a bullish outlook for Western Gas Equity Partners LP (NYSE:WGP)?
Investors sentiment increased to 1.12 in Q2 2017. Its up 0.22, from 0.9 in 2017Q1. It is positive, as 13 investors sold Western Gas Equity Partners LP shares while 28 reduced holdings. 9 funds opened positions while 37 raised stakes. 38.24 million shares or 1.47% less from 38.81 million shares in 2017Q1 were reported.
Citigroup holds 0.05% or 1.32 million shares. Bokf Na owns 5,025 shares. Botty Investors holds 1,093 shares or 0.01% of its portfolio. Deutsche Bank Ag holds 0% of its portfolio in Western Gas Equity Partners LP (NYSE:WGP) for 73,552 shares. Chickasaw Cap Management Lc holds 5.11M shares or 4.59% of its portfolio. Raymond James owns 9,300 shares. Nuveen Asset Mgmt Limited Liability Corp has 0% invested in Western Gas Equity Partners LP (NYSE:WGP). Nelson Van Denburg And Campbell Wealth Management Group Inc Ltd Com holds 0% or 54 shares. Salient Trust Lta owns 0.62% invested in Western Gas Equity Partners LP (NYSE:WGP) for 125,501 shares. 824,701 were reported by Zimmer Prtn L P. Alps Advsrs Inc owns 26,623 shares or 0.01% of their US portfolio. Ing Groep Nv has 0.04% invested in Western Gas Equity Partners LP (NYSE:WGP). Salient Cap Advsrs Limited Co holds 4.05M shares. Center Coast L P holds 0.9% or 823,207 shares in its portfolio. Hollow Brook Wealth Ltd Liability Company reported 67,876 shares.

Western Gas Equity Partners LP (NYSE:WGP) Ratings Coverage

Among 18 analysts covering Western Gas Equity Partners (NYSE:WGP), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Western Gas Equity Partners had 27 analyst reports since August 3, 2015 according to SRatingsIntel. Goldman Sachs downgraded the shares of WGP in report on Friday, March 11 to “Neutral” rating. On Friday, January 15 the stock rating was downgraded by Wells Fargo to “Market Perform”. maintained the shares of WGP in report on Monday, October 10 with “Equal-Weight” rating. Credit Suisse downgraded it to “Neutral” rating and $37 target in Thursday, March 17 report. The stock of Western Gas Equity Partners LP (NYSE:WGP) has “Neutral” rating given on Thursday, April 7 by Citigroup. The company was initiated on Friday, June 17 by MUFG. The stock has “Hold” rating by Deutsche Bank on Tuesday, October 20. Credit Suisse upgraded Western Gas Equity Partners LP (NYSE:WGP) on Tuesday, October 13 to “Outperform” rating. On Thursday, August 6 the stock rating was downgraded by Zacks to “Buy”. The stock of Western Gas Equity Partners LP (NYSE:WGP) has “Outperform” rating given on Friday, April 21 by Macquarie Research. Below is a list of Western Gas Equity Partners LP (NYSE:WGP) latest ratings and price target changes.

10/10/2017 Broker: Seaport Global Rating: Buy New Target: $49 Initiates Coverage On
25/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $53.0 Maintain
20/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $53.0 Maintain
11/07/2017 Broker: Scotia Capital Rating: Buy New Target: $51.0000
21/04/2017 Broker: Macquarie Research Rating: Outperform Initiate

The stock decreased 0.52% or $0.21 on October 13, reaching $39.9. About 86,250 shares traded. Western Gas Equity Partners LP (NYSE:WGP) has risen 3.31% since October 13, 2016 and is uptrending. It has underperformed by 13.39% the S&P500.

Western Gas Equity Partners, LP is a limited partnership. The company has market cap of $8.74 billion. The Firm is formed to own approximately three types of partnership interests in Western Gas Partners, LP . It has a 24.54 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.

Another recent and important Western Gas Equity Partners LP (NYSE:WGP) news was published by Prnewswire.com which published an article titled: “Western Gas Announces Third Quarter 2017 Distribution And Schedules Earnings …” on October 12, 2017.

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