Western Gas Equity Partners, LP Company Profile (NYSE:WGP)

About Western Gas Equity Partners, LP

Western Gas Equity Partners, LP logoWestern Gas Equity Partners, LP (WGP) is a limited partnership formed in to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES owns, operates, acquires and develops midstream energy assets. Through its subsidiary WES, the Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil for Anadarko Petroleum Corporation (Anadarko). The types of partnership interests owned by WGP include the general partner interest in WES, held through Western Gas Holdings, LLC (WES GP); the incentive distribution rights (IDRs) in WES, which entitle WGP to receive increasing percentages, till approximately 48%, of any incremental cash distributed by WES as certain target distribution levels are reached in any quarter, and a limited partner interest in WES. WES's assets are located in the Rocky Mountains, the Mid-Continent, North-central Pennsylvania and Texas.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: WGP
  • CUSIP:
Key Metrics:
  • Previous Close: $47.01
  • 50 Day Moving Average: $44.99
  • 200 Day Moving Average: $41.76
  • 52-Week Range: $19.91 - $47.08
  • Trailing P/E Ratio: 46.78
  • Foreward P/E Ratio: 25.97
  • P/E Growth: 0.71
  • Market Cap: $10.29B
  • Outstanding Shares: 218,922,000
  • Beta: 1.6
Profitability:
  • Net Margins: 13.89%
  • Return on Equity: 5.97%
  • Return on Assets: 3.18%
Debt:
  • Debt-to-Equity Ratio: 0.71%
  • Current Ratio: 1.45%
  • Quick Ratio: 1.45%
Additional Links:
Companies Related to Western Gas Equity Partners, LP:

Analyst Ratings

Consensus Ratings for Western Gas Equity Partners, LP (NYSE:WGP) (?)
Ratings Breakdown: 7 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.42)
Consensus Price Target: $41.25 (12.25% downside)

Analysts' Ratings History for Western Gas Equity Partners, LP (NYSE:WGP)
Show:
DateFirmActionRatingPrice TargetDetails
1/6/2017RBC Capital MarketsReiterated RatingBuy$48.00View Rating Details
11/8/2016Credit Suisse GroupReiterated RatingHold$43.00View Rating Details
11/8/2016Barclays PLCReiterated RatingBuy$52.00View Rating Details
10/11/2016Royal Bank Of CanadaBoost Price TargetOutperform$44.00 -> $48.00View Rating Details
10/6/2016Deutsche Bank AGReiterated RatingHold$44.00View Rating Details
7/29/2016Citigroup Inc.Boost Price TargetNeutral$36.00 -> $37.00View Rating Details
7/29/2016Janney Montgomery ScottInitiated CoverageBuy$45.00View Rating Details
6/17/2016Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$45.00View Rating Details
4/8/2016WunderlichBoost Price TargetHold$28.00 -> $33.00View Rating Details
3/30/2016J P Morgan Chase & CoBoost Price TargetOverweight$35.00 -> $39.00View Rating Details
3/11/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$34.00View Rating Details
2/25/2016Morgan StanleyInitiated CoverageEqual -> Equal Weight$27.00View Rating Details
2/17/2016Bank of America CorpDowngradeNeutral -> UnderperformView Rating Details
1/15/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformView Rating Details
1/14/2016Capital One Financial CorporationInitiated CoverageEqual Weight$47.00View Rating Details
1/13/2016Seaport Global SecuritiesDowngradeBuy -> Accumulate$54.00 -> $40.00View Rating Details
11/2/2015Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformView Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History for Western Gas Equity Partners, LP (NYSE:WGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
7/26/2016Q2$0.33$0.41$436.41 million$428.66 millionViewN/AView Earnings Details
5/3/2016Q1$0.27$0.32$411.70 million$383.14 millionViewN/AView Earnings Details
2/24/2016Q4$0.26$0.39$381.37 millionViewListenView Earnings Details
10/30/2015Q3$0.27$0.40$384.46 million$385.10 millionViewListenView Earnings Details
7/29/2015Q2$0.25$0.31$380.04 million$402.41 millionViewListenView Earnings Details
2/18/2015Q4$0.27$1.02$361.75 million$337.90 millionViewN/AView Earnings Details
10/28/2014Q314$0.27$0.27$360.10 millionViewN/AView Earnings Details
8/5/2014Q214$0.24$0.25$331.73 million$329.90 millionViewN/AView Earnings Details
5/6/2014Q114$0.21$0.54$293.96 million$275.46 millionViewN/AView Earnings Details
2/27/2014Q413$0.18$0.56$275.11 million$290.60 millionViewN/AView Earnings Details
11/6/2013Q313$0.16$0.20$272.15 million$278.00 millionViewN/AView Earnings Details
7/31/2013Q213$0.13$0.16$258.14 million$255.13 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Western Gas Equity Partners, LP (NYSE:WGP)
Current Year EPS Consensus Estimate: $1.51 EPS
Next Year EPS Consensus Estimate: $1.81 EPS

Dividends

Current Dividend Information for Western Gas Equity Partners, LP (NYSE:WGP)
Annual Dividend:$1.85
Dividend Yield:3.94%
Dividend Growth:39.80% (3 Year Average)
Payout Ratio:183.17% (Based on Trailing 12 Months of Earnings)
122.52% (Based on Current Year Consensus EPS Estimate)
102.21% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Western Gas Equity Partners, LP (NYSE:WGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/18/2017quarterly$0.464.15%1/31/20172/2/20172/22/2017
10/19/2016$0.4510/27/201610/31/201611/22/2016
7/21/2016$0.437/28/20168/1/20168/22/2016
4/22/2016$0.424/28/20165/2/20165/22/2016
1/21/2016$0.401/28/20162/1/20162/22/2016
10/15/2015$0.3810/29/201511/2/201511/20/2015
4/22/2015quarterly$0.342.17%4/28/20154/30/20155/22/2015
1/22/2015quarterly$0.312.16%1/29/20152/2/20152/20/2015
10/22/2014quarterly$0.291.95%10/29/201410/31/201411/21/2014
7/21/2014quarterly$0.271.76%7/29/20147/31/20148/22/2014
4/17/2014quarterly$0.252.04%4/28/20144/30/20145/23/2014
1/20/2014quarterly$0.232.24%1/29/20141/31/20142/21/2014
10/18/2013quarterly$0.212.24%10/29/201310/31/201311/21/2013
7/18/2013quarterly$0.201.88%7/29/20137/31/20138/21/2013
4/17/2013quarterly$0.182.09%4/26/20134/30/20135/22/2013
1/24/2013quarterly$0.041/30/20132/1/20132/21/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Western Gas Equity Partners, LP (NYSE:WGP)
Institutional Ownership Percentage: 19.13%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/17/2016Donald R SinclairCEOSell50,000$36.26$1,813,000.00View SEC Filing  
6/17/2016Petroleum Corp AnadarkoMajor ShareholderSell12,500,000$38.09$476,125,000.00View SEC Filing  
6/3/2016Donald R SinclairCEOSell27,970$42.35$1,184,529.50View SEC Filing  
6/1/2016Donald R SinclairCEOSell72,030$42.81$3,083,604.30View SEC Filing  
5/31/2016Donald R SinclairCEOSell28,913$42.88$1,239,789.44View SEC Filing  
6/10/2015Petroleum Corp AnadarkoMajor ShareholderSell2,300,000$56.45$129,835,000.00View SEC Filing  
12/6/2012Donald R SinclairCEOBuy300,000$22.00$6,600,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Western Gas Equity Partners, LP (NYSE:WGP)
DateHeadline
marketrealist.com logoWill Western Gas Partners’ Per Unit Gross Margins Rise in 4Q16? (NYSE:WGP)
marketrealist.com - February 20 at 8:10 AM
marketrealist.com logoA Sneak Peek at Western Gas Partners’ 4Q16 Throughput Volumes (NYSE:WGP)
marketrealist.com - February 18 at 11:18 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosu (NYSE:WGP)
biz.yahoo.com - February 17 at 7:25 AM
us.rd.yahoo.com logoWilliams Continues to Increase Marcellus Exposure (NYSE:WGP)
us.rd.yahoo.com - February 14 at 7:05 AM
nasdaq.com logoWestern Gas Appoints Benjamin Fink As President And CEO (NYSE:WGP)
www.nasdaq.com - February 13 at 8:42 AM
seekingalpha.com logoWestern Gas Partners names Fink as new President/CEO (NYSE:WGP)
seekingalpha.com - February 13 at 8:42 AM
streetinsider.com logoWestern Gas Partners LP (WES) and Western Gas Equity Partners (WGP) Name Benjamin M. Fink as President and CEO (NYSE:WGP)
www.streetinsider.com - February 13 at 8:42 AM
finance.yahoo.com logoWestern Gas Announces Management Promotions (NYSE:WGP)
finance.yahoo.com - February 13 at 8:42 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclos (NYSE:WGP)
biz.yahoo.com - February 10 at 6:38 AM
News IconTop Gainers of the Day: Western Gas Equity Partners, LP (NYSE:WGP) from Oil & Gas Pipelines (NYSE:WGP)
twincountynews.com - February 1 at 7:24 AM
4-traders.com logoWESTERN GAS EQUITY PARTNERS LP : ex-dividend day (NYSE:WGP)
www.4-traders.com - January 31 at 8:03 AM
nasdaq.com logoWestern Gas Equity Partners, LP (WGP) Ex-Dividend Date Scheduled for January ... (NYSE:WGP)
www.nasdaq.com - January 30 at 9:49 AM
marketrealist.com logoEnLink Midstream Partners to Maintain Flat Distribution in 2017 (NYSE:WGP)
marketrealist.com - January 30 at 9:49 AM
realistinvestor.com logoEPS Projection Of Western Gas Partners, LP (NYSE:WES) At $0.8167 (NYSE:WGP)
www.realistinvestor.com - January 25 at 4:52 PM
marketrealist.com logoHow Western Gas Could Win—and Lose—from Anadarko’s Asset Sale (NYSE:WGP)
marketrealist.com - January 20 at 8:44 PM
4-traders.com logoWestern Gas Partners LP : Announces Fourth Quarter 2016 Distribution and Schedules Earnings Conference Call (NYSE:WGP)
www.4-traders.com - January 20 at 2:29 AM
finance.yahoo.com logoWestern Gas Announces Fourth Quarter 2016 Distribution And Schedules Earnings Conference Call (NYSE:WGP)
finance.yahoo.com - January 17 at 8:55 PM
marketexclusive.com logoAnalyst Activity – RBC Capital Markets Reiterates Buy on Western Gas Equity Partners, LP (NYSE:WGP) (NYSE:WGP)
marketexclusive.com - January 7 at 6:28 AM
capitalcube.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bullish Manner : WGP-US : January 4, 2017 (NYSE:WGP)
www.capitalcube.com - January 4 at 4:32 PM
capitalcube.com logoWestern Gas Equity Partners LP – Value Analysis (NYSE:WGP) : December 20, 2016 (NYSE:WGP)
www.capitalcube.com - December 21 at 11:34 AM
capitalcube.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bullish Manner : WGP-US : December 19, 2016 (NYSE:WGP)
www.capitalcube.com - December 19 at 3:29 PM
reuters.com logoBRIEF-Western Gas Partners says entered into an amendment to extend term of its existing $1.2 billion revolving credit facility (NYSE:WGP)
www.reuters.com - December 17 at 6:07 AM
News IconRating Worth Watching: CapitalOne Gives Western Gas Partners (NYSE:WES) Higher Rating. Lost Its Equal Weight Rating (NYSE:WGP)
www.whatsonthorold.com - December 17 at 6:07 AM
marketexclusive.com logoAnalyst Upgrades – Western Gas Partners, LP (NYSE:WES) Stock Gets Upgraded By Capital One Financial Corp. from Equal Weight to Overweight (NYSE:WGP)
marketexclusive.com - December 17 at 6:07 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct (NYSE:WGP)
biz.yahoo.com - December 17 at 6:07 AM
capitalcube.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bearish Manner : WGP-US : November 29, 2016 (NYSE:WGP)
www.capitalcube.com - November 29 at 1:15 PM
capitalcube.com logoWestern Gas Equity Partners LP :WGP-US: Earnings Analysis: Q3, 2016 By the Numbers : November 3, 2016 (NYSE:WGP)
www.capitalcube.com - November 3 at 12:43 PM
seekingalpha.com logoWestern Gas Equity Partners' (WGP) CEO Don Sinclair on Q3 2016 Results - Earnings Call Transcript (NYSE:WGP)
seekingalpha.com - November 2 at 8:52 PM
biz.yahoo.com logoQ3 2016 Western Gas Partners LP Earnings Release - After Market Close (NYSE:WGP)
biz.yahoo.com - November 1 at 12:59 PM
capitalcube.com logoWestern Gas Equity Partners LP : WGP-US: Dividend Analysis : October 31st, 2016 (record date) : By the numbers : October 31, 2016 (NYSE:WGP)
www.capitalcube.com - October 31 at 7:57 PM
seekingalpha.com logoWestern Gas Equity Partners goes ex-dividend today (NYSE:WGP)
seekingalpha.com - October 29 at 7:40 PM
News IconWestern Gas Partners, LP (NYSE:WGP)
www.scrapmonster.com - October 26 at 11:54 AM
publicnow.com logoWestern Gas Announces Third Quarter 2016 Distribution And Schedules Earnings Conference Call (NYSE:WGP)
www.publicnow.com - October 18 at 7:53 PM
capitalcube.com logoWestern Gas Equity Partners LP : WGP-US: Dividend Analysis : August 01st, 2016 (record date) : By the numbers : October 12, 2016 (NYSE:WGP)
www.capitalcube.com - October 12 at 12:49 PM
finance.yahoo.com logoWhy Western Gas Equity Is The Best Delaware Basin Midstream Play (NYSE:WGP)
finance.yahoo.com - October 11 at 6:17 AM
marketrealist.com logoWestern Gas Partners Is Managing Rising Debt Levels (NYSE:WGP)
marketrealist.com - September 26 at 8:04 PM
marketrealist.com logoA Look at Williams Companies’ Implied Volatility (NYSE:WGP)
marketrealist.com - September 21 at 11:55 AM
capitalcube.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bullish Manner : WGP-US : September 19, 2016 (NYSE:WGP)
www.capitalcube.com - September 19 at 7:57 PM
News IconWestern Gas Equity Partners, LP (NYSE:WGP) Broker Price Targets For The Coming Week (NYSE:WGP)
www.nationaldailypress.com - September 11 at 7:23 PM
capitalcube.com logoWestern Gas Equity Partners LP – Value Analysis (NYSE:WGP) : September 8, 2016 (NYSE:WGP)
www.capitalcube.com - September 8 at 11:59 AM
capitalcube.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bullish Manner : WGP-US : September 7, 2016 (NYSE:WGP)
www.capitalcube.com - September 7 at 11:59 AM
publicnow.com logoWestern Gas To Present At Upcoming Barclays CEO Energy-Power Conference (NYSE:WGP)
www.publicnow.com - September 1 at 8:03 PM
finance.yahoo.com logoAnadarko Announces Leadership Changes (NYSE:WGP)
finance.yahoo.com - August 23 at 8:22 PM
theglobeandmail.com logoInter Pipeline buying Williams Cos., Williams Partners' Canadian operations (NYSE:WGP)
www.theglobeandmail.com - August 8 at 8:28 PM
capitalcube.com logoWestern Gas Equity Partners LP :WGP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 (NYSE:WGP)
www.capitalcube.com - August 3 at 8:39 PM
finance.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Financials (NYSE:WGP)
finance.yahoo.com - August 2 at 8:40 PM
seekingalpha.com logoWestern Gas Equity Partners' (WGP) CEO Don Sinclair on Q2 2016 Results - Earnings Call Transcript (NYSE:WGP)
seekingalpha.com - July 27 at 8:44 PM
4-traders.com logoWestern Gas Equity Partners : Announces Second Quarter 2016 Distribution And Schedules Earnings Conference Call (NYSE:WGP)
www.4-traders.com - July 20 at 9:21 PM
marketrealist.com logoWhat Does Energy Transfer Equity’s Current Valuation Indicate? (NYSE:WGP)
marketrealist.com - July 12 at 8:29 PM
marketrealist.com logoWhich Midstream Stocks Have the Highest Implied Volatilities? (NYSE:WGP)
marketrealist.com - July 12 at 10:11 AM

Social

What is Western Gas Equity Partners, LP's stock symbol?

Western Gas Equity Partners, LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "WGP."

How often does Western Gas Equity Partners, LP pay dividends? What is the dividend yield for Western Gas Equity Partners, LP?

Western Gas Equity Partners, LP declared a quarterly dividend on Wednesday, January 18th. Stockholders of record on Thursday, February 2nd will be given a dividend of $0.4625 per share on Wednesday, February 22nd. This represents a $1.85 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Tuesday, January 31st. This is a boost from Western Gas Equity Partners, LP's previous quarterly dividend of $0.45.

Where is Western Gas Equity Partners, LP's stock going? Where will Western Gas Equity Partners, LP's stock price be in 2017?

12 brokerages have issued 12-month target prices for Western Gas Equity Partners, LP's shares. Their predictions range from $27.00 to $52.00. On average, they anticipate Western Gas Equity Partners, LP's stock price to reach $41.25 in the next twelve months.

When will Western Gas Equity Partners, LP announce their earnings?

Western Gas Equity Partners, LP is scheduled to release their next quarterly earnings announcement on Tuesday, November, 1st 2016.

Who owns Western Gas Equity Partners, LP stock?

Western Gas Equity Partners, LP's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Advisory Research Inc. (0.73%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.44%), Zimmer Partners LP (0.38%), RR Advisors LLC (0.28%), Highland Capital Management LP (0.18%) and Renaissance Technologies LLC (0.10%). Company insiders that own Western Gas Equity Partners, LP stock include Donald R Sinclair and Petroleum Corp Anadarko.

Who sold Western Gas Equity Partners, LP stock? Who is selling Western Gas Equity Partners, LP stock?

Western Gas Equity Partners, LP's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Highland Capital Management LP, Advisory Research Inc., Guggenheim Capital LLC, Raymond James Financial Services Advisors Inc. and Cypress Wealth Advisors LLC. Company insiders that have sold Western Gas Equity Partners, LP stock in the last year include Donald R Sinclair and Petroleum Corp Anadarko.

Who bought Western Gas Equity Partners, LP stock? Who is buying Western Gas Equity Partners, LP stock?

Western Gas Equity Partners, LP's stock was acquired by a variety of institutional investors in the last quarter, including RR Advisors LLC, A.R.T. Advisors LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Aveo Capital Partners LLC, Friedberg Investment Management, State Street Corp, Silvercrest Asset Management Group LLC and Keybank National Association OH.

How do I buy Western Gas Equity Partners, LP stock?

Shares of Western Gas Equity Partners, LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Western Gas Equity Partners, LP stock cost?

One share of Western Gas Equity Partners, LP stock can currently be purchased for approximately $47.01.

Western Gas Equity Partners, LP (NYSE:WGP) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Western Gas Equity Partners, LP (NYSE:WGP)

Earnings History Chart

Earnings by Quarter for Western Gas Equity Partners, LP (NYSE:WGP)

Dividend History Chart

Dividend Payments by Quarter for Western Gas Equity Partners, LP (NYSE:WGP)

Last Updated on 2/21/2017 by MarketBeat.com Staff