Western Gas Equity Partners, LP (NYSE:WGP) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $59.88, up by 0.45%, with a volume of 124,998 shares against an average volume for the last 3 months of 156,684.
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Western Gas Equity Partners, LP (NYSE:WGP) stock is currently trading 9.6% below its 52-week-high, 18.53% above its 52-week-low. The 1-year stock price history is in the range of $50.52 – $66.24. Western Gas Equity Partners, LP (WGP) has a price to earnings ratio of 57.58 versus Basic Materials sector average of 38.56. WGP stock price has underperformed the S&P 500 by 3%. The Oil & Gas Midstream company is currently valued at $13.11 billion and its share price closed the last trading session at $59.88. The stock has a 50-day moving average of $62.12 and a 200-day moving average of $60.96.
Western Gas Equity Partners, LP (WGP) current short interest stands at 0.84 million shares. It has increased by 11% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.21 million shares, the number of days required to cover the short positions stand at 4 days.
The company is expected to announce next quarter earnings on August 04, at consensus estimate of $0.25. Western Gas Equity Partners, LP (WGP) reported last quarter earnings on May 05. The Oil & Gas Midstream company announced earnings per share of $0.25 against a consensus Street estimate of $0.33, missing estimate by $0.08. This corresponds to an increase of $0.1 compared to the same quarter of the previous fiscal year.
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There are currently sixteen analysts that cover Western Gas Equity Partners, LP stock. Of those sixteen, eleven have a Buy rating, five have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $71.2.
A recent analyst activity consisted of JP Morgan who initiated their coverage on the stock with Overweight rating on June 19. JP Morgan fixed their price target at $76. This corresponds to a 26.92% upside from the last closing price. On the date of report, the stock closed at $59.88.
Deutsche Bank initiated their coverage on the stock with Hold rating on May 19, and fixed their price target at $67. This corresponds to a 11.89% upside from the last closing price. On the date of report, the stock closed at $63.98.
Another research firm was Citigroup who reiterated their Neutral stance on February 24. Citigroup decreased price target from $68 to $67. This translates to a 11.89% upside from the last closing price. On the date of report, the stock closed at $61.3.
Western Gas Equity Partners, LP owns, operates, acquires, and develops oil and gas properties. The company was incorporated in 2007 and is based in The Woodlands, Texas.