Western Gas Equity Partners LP (WGP) EPS Estimated At $0.42

July 17, 2017 - By Louis Casey

 Western Gas Equity Partners LP (WGP) EPS Estimated At $0.42
Investors sentiment increased to 0.93 in 2016 Q4. Its up 0.03, from 0.9 in 2016Q3. It is positive, 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.
First National Tru Commerce owns 7,935 shares or 0.05% of their US portfolio. Next Group Inc Inc has 0% invested in Western Gas Equity Partners LP (NYSE:WGP). Jane Street Group Llc holds 0.03% or 172,727 shares in its portfolio. Ancora Ltd Co reported 0% in Western Gas Equity Partners LP (NYSE:WGP). Stephens Ar invested in 0.02% or 9,520 shares. 67,856 are held by Wells Fargo And Mn. Pnc Svcs Grp Inc Incorporated Inc has 0% invested in Western Gas Equity Partners LP (NYSE:WGP) for 85,060 shares. Alliancebernstein L P stated it has 6,610 shares or 0% of all its holdings. Glenmede Na accumulated 0.01% or 51,250 shares. Moreover, Blair William & Il has 0% invested in Western Gas Equity Partners LP (NYSE:WGP) for 5,915 shares. Raymond James Fin Advsr holds 10,059 shares. Chickasaw Mgmt Ltd Liability Corp holds 4.47% or 5.12 million shares. Caprock Gru Inc reported 0.07% in Western Gas Equity Partners LP (NYSE:WGP). Royal Fincl Bank Of Canada stated it has 11,449 shares. Forward Mgmt Limited Liability holds 286,942 shares.

Wall Street await Western Gas Equity Partners LP (NYSE:WGP) to release earnings on July, 25. Analysts forecast earnings per share of $0.42, up exactly $0.01 or 2.44 % from 2014’s $0.41 EPS. The expected WGP’s profit could reach $92.73 million giving the stock 25.77 P/E in the case that $0.42 earnings per share is reported. After posting $0.35 EPS for the previous quarter, Western Gas Equity Partners LP’s analysts now forecast 20.00 % EPS growth. The stock increased 0.46% or $0.2 during the last trading session, reaching $43.3. About 56,794 shares traded. Western Gas Equity Partners LP (NYSE:WGP) has risen 3.31% since July 18, 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. The firm has “Overweight” rating given on Wednesday, March 30 by JP Morgan. The rating was initiated by Macquarie Research on Friday, April 21 with “Outperform”. The firm earned “Outperform” rating on Tuesday, October 13 by Credit Suisse. Deutsche Bank maintained Western Gas Equity Partners LP (NYSE:WGP) rating on Tuesday, October 20. Deutsche Bank has “Hold” rating and $49 target. The stock of Western Gas Equity Partners LP (NYSE:WGP) earned “Buy” rating by Zacks on Thursday, August 6. The stock has “Neutral” rating by Goldman Sachs on Friday, March 11. The company was downgraded on Thursday, March 17 by Credit Suisse. RBC Capital Markets maintained Western Gas Equity Partners LP (NYSE:WGP) rating on Tuesday, October 11. RBC Capital Markets has “Outperform” rating and $48 target. On Monday, October 10 the stock rating was maintained by with “Equal-Weight”. The firm has “Neutral” rating given on Friday, June 17 by MUFG.

Western Gas Equity Partners, LP is a limited partnership. The company has market cap of $9.56 billion. The Firm is formed to own approximately three types of partnership interests in Western Gas Partners, LP . It has a 27.89 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 notable recent Western Gas Equity Partners LP (NYSE:WGP) news were published by: Benzinga.com which released: “Why Western Gas Equity Is The Best Delaware Basin Midstream Play” on October 10, 2016, also Prnewswire.com with their article: “Western Gas Partners Announces Acquisition Of Interest In Delaware Basin …” published on February 09, 2017, Bizjournals.com published: “Western Gas names new CFO to succeed recently promoted CEO” on May 22, 2017. More interesting news about Western Gas Equity Partners LP (NYSE:WGP) were released by: Seekingalpha.com and their article: “Western Gas appoints new CFO” published on May 22, 2017 as well as Prnewswire.com‘s news article titled: “Western Gas Announces First Quarter 2017 Distribution And Schedules Earnings …” with publication date: April 13, 2017.

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