Western Gas Equity Partners L.P. Company Profile (NYSE:WGP)

About Western Gas Equity Partners L.P.

Western Gas Equity Partners L.P. 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: $39.96
  • 50 Day Moving Average: $37.13
  • 200 Day Moving Average: $37.75
  • 52-Week Range: $19.21 - $46.58
  • Trailing P/E Ratio: 40.12
  • Foreward P/E Ratio: 24.98
  • P/E Growth: 0.81
  • Market Cap: $8.75B
  • Outstanding Shares: 218,922,000
  • Beta: 1.71
Profitability:
  • Net Margins: 14.55%
  • Return on Equity: 6.03%
  • Return on Assets: 3.20%
Debt:
  • Debt-to-Equity Ratio: 0.72%
  • Current Ratio: 1.60%
  • Quick Ratio: 1.60%
Additional Links:
Companies Related to Western Gas Equity Partners L.P.:

Analyst Ratings

Consensus Ratings for Western Gas Equity Partners L.P. (NYSE:WGP) (?)
Ratings Breakdown: 1 Sell Rating, 12 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.07)
Consensus Price Target: $38.50 (3.65% downside)

Analysts' Ratings History for Western Gas Equity Partners L.P. (NYSE:WGP)
Show:
DateFirmActionRatingPrice TargetDetails
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
3/30/2016JPMorgan Chase & Co.Boost Price TargetOverweight$35.00 -> $39.00View Rating Details
3/17/2016Credit Suisse Group AGDowngradeOutperform -> Neutral$39.00 -> $37.00View Rating Details
3/11/2016Goldman Sachs Group Inc.DowngradeBuy -> Neutral$34.00View Rating Details
2/29/2016Barclays PLCLower Price TargetEqual Weight$35.00 -> $34.00View Rating Details
2/25/2016Morgan StanleyInitiated CoverageEqual -> Equal Weight$27.00View Rating Details
2/17/2016Bank of America Corp.DowngradeNeutral -> UnderperformView Rating Details
1/15/2016Wells Fargo & Co.DowngradeOutperform -> Market PerformView Rating Details
1/14/2016Capital One Financial Corp.Initiated CoverageEqual Weight$47.00View Rating Details
1/13/2016Seaport Global SecuritiesDowngradeBuy -> Accumulate$54.00 -> $40.00View Rating Details
11/16/2015Deutsche Bank AGReiterated RatingHold$49.00 -> $44.00View Rating Details
11/2/2015Oppenheimer Holdings Inc.Reiterated RatingMarket PerformView Rating Details
2/20/2015Royal Bank Of CanadaBoost Price TargetBuy$67.00 -> $69.00View Rating Details
12/15/2014MLV & Co.Initiated CoverageBuy$67.00View Rating Details
(Data available from 9/27/2014 forward)

Earnings

Earnings History for Western Gas Equity Partners L.P. (NYSE:WGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2016        
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 L.P. (NYSE:WGP)
Current Year EPS Consensus Estimate: $1.43 EPS
Next Year EPS Consensus Estimate: $1.60 EPS

Dividends

Current Dividend Information for Western Gas Equity Partners L.P. (NYSE:WGP)
Annual Dividend:$1.74
Dividend Yield:4.35%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:175.76% (Based on Trailing 12 Months of Earnings)
121.68% (Based on Current Year Consensus EPS Estimate)
108.75% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History for Western Gas Equity Partners L.P. (NYSE:WGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 L.P. (NYSE:WGP)
Institutional Ownership Percentage: 17.50%
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 L.P. (NYSE:WGP)
DateHeadline
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
tradecalls.org logoCitigroup Maintains Western Gas Equity Partners LP to Neutral with Price Target $37.00 (NYSE:WGP)
www.tradecalls.org - August 9 at 11:44 AM
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
marketrealist.com logoWhat Are Anadarko’s Key Management Objectives and Strategies? (NYSE:WGP)
marketrealist.com - July 6 at 8:45 PM
businesswire.com logoFitch Expects to Rate Western Gas Partners, LP's Senior Unsecured Notes 'BBB-' (NYSE:WGP)
www.businesswire.com - June 30 at 8:28 PM
marketrealist.com logoKeeping a Close Eye on ETE and WMB This Week (NYSE:WGP)
marketrealist.com - June 23 at 9:08 AM
capitalcube.com logoWestern Gas Equity Partners LP – Value Analysis (NYSE:WGP) : June 17, 2016 (NYSE:WGP)
www.capitalcube.com - June 17 at 12:30 PM
4-traders.com logoWESTERN GAS EQUITY PARTNERS, LP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (NYSE:WGP)
www.4-traders.com - June 16 at 9:32 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements (NYSE:WGP)
biz.yahoo.com - June 16 at 6:05 AM
capitalcube.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bearish Manner : WGP-US : June 15, 2016 (NYSE:WGP)
www.capitalcube.com - June 15 at 8:43 AM
seekingalpha.com logoWestern Gas Equity Partners in 12.5M-unit LP offering (NYSE:WGP)
seekingalpha.com - June 14 at 7:50 PM
finance.yahoo.com logoWestern Gas Equity Partners Announces Pricing of Common Unit Offering by Subsidiary of Anadarko (NYSE:WGP)
finance.yahoo.com - June 14 at 7:50 PM
forbes.com logoWestern Gas Equity Partners is Now Oversold (WGP) (NYSE:WGP)
www.forbes.com - June 14 at 7:50 PM
publicnow.com logoWestern Gas Equity Partners Announces Launch of Common Unit Offering by Subsidiary of Anadarko (NYSE:WGP)
www.publicnow.com - June 13 at 4:49 PM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:WGP)
biz.yahoo.com - June 10 at 4:41 PM
News IconSinclair Donald R., CEO, President & Director of Western Gas Equity Partners (NYSE:WGP) sells 24,807 shares (NYSE:WGP)
empowerednews.net - June 8 at 11:26 AM
capitalcube.com logo5 energy companies having the best returns on capital despite weak oil prices : June 6, 2016 (NYSE:WGP)
www.capitalcube.com - June 6 at 12:14 PM
News IconSinclair Donald R., CEO, President & Director of Western Gas Equity Partners (NYSE:WGP) sells 28,913 shares (NYSE:WGP)
empowerednews.net - June 3 at 11:21 AM
capitalcube.com logoWestern Gas Equity Partners LP :WGP-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:WGP)
www.capitalcube.com - May 10 at 10:27 AM
seekingalpha.com logoWestern Gas Equity Partners' (WGP) CEO Don Sinclair on Q1 2016 Results - Earnings Call Transcript (NYSE:WGP)
seekingalpha.com - May 6 at 10:20 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 10-Q, Quarterly Report (NYSE:WGP)
biz.yahoo.com - May 4 at 1:33 PM
biz.yahoo.com logoQ1 2016 Western Gas Equity Partners LP Earnings Release - After Market Close (NYSE:WGP)
biz.yahoo.com - May 3 at 7:07 AM
thestreet.com logo3 Stocks Going Ex-Dividend Tomorrow: WGP, SHLX, AES (NYSE:WGP)
www.thestreet.com - April 28 at 10:29 AM
nasdaq.com logoEx-Dividend Reminder: Western Gas Partners, EnLink Midstream and ONEOK Partners (NYSE:WGP)
www.nasdaq.com - April 26 at 11:50 AM
finance.yahoo.com logoWestern Gas Announces First Quarter 2016 Distribution And Schedules Earnings Conference Call (NYSE:WGP)
finance.yahoo.com - April 22 at 11:32 AM
fidaily.com logoMorgan Stanley Begins Coverage on Western Gas Equity Partners, LP (WGP) Giving It An Initial Rating Of “Equal-weight” (NYSE:WGP)
www.fidaily.com - April 7 at 2:56 PM
News IconHow Many Western Gas Partners, LP (NYSE:WES)'s Analysts Are Bullish? (NYSE:WGP)
ambienteja.info - April 2 at 2:28 PM
News IconWestern Gas Equity Partners LP (WGP) PT Raised to $39.00 (NYSE:WGP)
equilibrioinformativo.com - April 2 at 2:27 PM
News IconTime to Buy Western Gas Equity Partners LP After Today's Huge Decline? (NYSE:WGP)
tribumagazine.net - April 2 at 2:27 PM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:WGP)
biz.yahoo.com - March 28 at 4:52 PM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisi (NYSE:WGP)
biz.yahoo.com - March 16 at 4:32 PM
4-traders.com logoWestern Gas Equity Partners : Closes Springfield Acquisition And Related Financing Transactions (NYSE:WGP)
www.4-traders.com - March 15 at 12:47 PM
capitalcube.com logoWestern Gas Equity Partners LP :WGP-US: Earnings Analysis: Q4, 2015 By the Numbers (NYSE:WGP)
www.capitalcube.com - March 4 at 12:15 PM
capitalcube.com logoWestern Gas Equity Partners LP Earnings Analysis: 2015 By the Numbers (NYSE:WGP)
www.capitalcube.com - March 1 at 10:52 AM
capitalcube.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bullish Manner : WGP-US : March 1, 2016 (NYSE:WGP)
www.capitalcube.com - March 1 at 8:18 AM
bizjournals.com logoAnadarko inks three deals valued at more than $1 billion combined (NYSE:WGP)
www.bizjournals.com - February 25 at 9:20 AM
sg.finance.yahoo.com logoWestern Gas Equity reports 4Q loss (NYSE:WGP)
sg.finance.yahoo.com - February 25 at 6:00 AM

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Western Gas Equity Partners L.P. (NYSE:WGP) Chart for Tuesday, September, 27, 2016


Last Updated on 9/27/2016 by MarketBeat.com Staff