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

About Western Gas Equity Partners LP (NYSE:WGP)

Western Gas Equity Partners LP logoWestern Gas Equity Partners, LP is a limited partnership. The Company is formed to own approximately three types of partnership interests in Western Gas Partners, LP (WES). 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. WES provides these midstream services for Anadarko Petroleum Corporation (Anadarko), as well as for third-party producers and customers. Its assets and investments are located in the Rocky Mountains (Colorado, Utah and Wyoming), North-central Pennsylvania and Texas. The Bison treating facility treats and compresses gas from coal-bed methane wells in the Powder River Basin of Wyoming. MIGC, LLC receives gas from various coal-bed methane gathering systems in the Powder River Basin and the Hilight system, as well as from WBI Energy Transmission, Inc.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Symbol: NYSE:WGP
  • CUSIP: N/A
  • Web: www.westerngas.com
Capitalization:
  • Market Cap: $9.68 billion
  • Outstanding Shares: 218,928,000
Average Prices:
  • 50 Day Moving Avg: $45.13
  • 200 Day Moving Avg: $44.50
  • 52 Week Range: $33.93 - $47.82
P/E:
  • Trailing P/E Ratio: 28.41
  • Foreward P/E Ratio: 21.88
  • P/E Growth: 0.58
Sales & Book Value:
  • Annual Revenue: $1.94 billion
  • Price / Sales: 4.99
  • Book Value: $4.76 per share
  • Price / Book: 9.29
Dividend:
  • Annual Dividend: $1.85
  • Dividend Yield: 4.4%
Profitability:
  • EBIDTA: $936.31 million
  • 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%
Misc:
  • Average Volume: 113,848 shs.
  • Beta: 1.6
  • Short Ratio: 8.46
 

Frequently Asked Questions for Western Gas Equity Partners LP (NYSE:WGP)

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 Friday, April 14th. Shareholders of record on Monday, May 1st will be given a dividend of $0.4913 per share on Monday, May 22nd. This represents a $1.97 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Thursday, April 27th. This is a boost from Western Gas Equity Partners LP's previous quarterly dividend of $0.46. View Western Gas Equity Partners LP's Dividend History.

How were Western Gas Equity Partners LP's earnings last quarter?

Western Gas Equity Partners LP (NYSE:WGP) posted its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by $0.04. The company had revenue of $516.19 million for the quarter, compared to analyst estimates of $501.83 million. Western Gas Equity Partners LP had a net margin of 13.89% and a return on equity of 5.97%. View Western Gas Equity Partners LP's Earnings History.

When will Western Gas Equity Partners LP make its next earnings announcement?

Western Gas Equity Partners LP is scheduled to release their next quarterly earnings announcement on Monday, May, 29th 2017. View Earnings Estimates for Western Gas Equity Partners LP.

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

10 analysts have issued 12 month target prices for Western Gas Equity Partners LP's stock. Their forecasts range from $37.00 to $60.00. On average, they anticipate Western Gas Equity Partners LP's share price to reach $47.60 in the next twelve months. View Analyst Ratings for Western Gas Equity Partners LP.

Who are some of Western Gas Equity Partners LP's key competitors?

Who owns Western Gas Equity Partners LP stock?

Western Gas Equity Partners LP's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Neuberger Berman Group LLC (4.90%), Chickasaw Capital Management LLC (2.32%), Morgan Stanley (0.74%), Goldman Sachs Group Inc. (0.71%), Massachusetts Financial Services Co. MA (0.55%) and Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.44%). Company insiders that own Western Gas Equity Partners LP stock include Donald R Sinclair and Petroleum Corp Anadarko. View Institutional Ownership Trends for Western Gas Equity Partners LP.

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 Morgan Stanley, Credit Suisse AG, Renaissance Technologies LLC, HITE Hedge Asset Management LLC, Bank of America Corp DE, Jane Street Group LLC, Bank of Montreal Can and Chickasaw Capital Management LLC. Company insiders that have sold Western Gas Equity Partners LP stock in the last year include Donald R Sinclair and Petroleum Corp Anadarko. View Insider Buying and Selling for Western Gas Equity Partners LP.

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 Neuberger Berman Group LLC, ING Groep NV, Goldman Sachs Group Inc., HighTower Advisors LLC, Center Coast Capital Advisors LP, Weiss Multi Strategy Advisers LLC, Infrastructure Capital Advisors LLC and Spirit of America Management Corp NY. View Insider Buying and Selling for Western Gas Equity Partners LP.

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 $44.20.

Analyst Ratings

Consensus Ratings for Western Gas Equity Partners LP (NYSE:WGP) (?)
Ratings Breakdown: 5 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $47.60 (7.69% upside)

Analysts' Ratings History for Western Gas Equity Partners LP (NYSE:WGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/21/2017MacquarieInitiated CoverageOutperform$51.00LowView Rating Details
4/17/2017GuggenheimInitiated CoverageBuy$60.00LowView Rating Details
4/7/2017Royal Bank of CanadaReiterated RatingBuy$53.00LowView Rating Details
2/27/2017Bank of America CorpUpgradeUnderperform -> Neutral$41.00 -> $46.00N/AView Rating Details
11/8/2016Credit Suisse Group AGReiterated RatingHold$43.00N/AView Rating Details
11/8/2016Barclays PLCReiterated RatingBuy$52.00N/AView Rating Details
10/6/2016Deutsche Bank AGReiterated RatingHold$44.00N/AView Rating Details
7/29/2016Citigroup IncBoost Price TargetNeutral$36.00 -> $37.00N/AView Rating Details
7/29/2016Janney Montgomery ScottInitiated CoverageBuy$45.00N/AView Rating Details
6/17/2016Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$45.00N/AView Rating Details
4/8/2016WunderlichBoost Price TargetHold$28.00 -> $33.00N/AView Rating Details
3/30/2016JPMorgan Chase & Co.Boost Price TargetOverweight$35.00 -> $39.00N/AView Rating Details
3/11/2016Goldman Sachs Group IncDowngradeBuy -> Neutral$34.00N/AView Rating Details
2/25/2016Morgan StanleyInitiated CoverageEqual -> Equal Weight$27.00N/AView Rating Details
1/15/2016Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
1/14/2016Capital One Financial Corp.Initiated CoverageEqual Weight$47.00N/AView Rating Details
1/13/2016Seaport Global SecuritiesDowngradeBuy -> Accumulate$54.00 -> $40.00N/AView Rating Details
11/2/2015Oppenheimer Holdings Inc.Reiterated RatingMarket PerformN/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Western Gas Equity Partners LP (NYSE:WGP)
Earnings by Quarter for Western Gas Equity Partners LP (NYSE:WGP)
Earnings History by Quarter for Western Gas Equity Partners LP (NYSE:WGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/29/2017        
5/2/2017Q1 2017$0.39$0.35$501.83 million$516.19 millionViewListenView Earnings Details
2/22/2017Q416$0.36$0.38$484.79 million$510.82 millionViewN/AView Earnings Details
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
2/25/2016Q4$0.26$0.39$387.04 million$371.29 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 million$326.47 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: $1.73 EPS
Next Year EPS Consensus Estimate: $2.02 EPS

Dividends

Current Dividend Information for Western Gas Equity Partners LP (NYSE:WGP)
Most Recent Dividend:5/22/2017
Annual Dividend:$1.85
Dividend Yield:4.19%
Dividend Growth:39.80% (3 Year Average)
Payout Ratio:183.17% (Trailing 12 Months of Earnings)
106.94% (Based on This Year's Estimates)
91.58% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Western Gas Equity Partners LP (NYSE:WGP)

Dividend History by Quarter for Western Gas Equity Partners LP (NYSE:WGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/14/2017quarterly$0.494.33%4/27/20175/1/20175/22/2017
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 and Institutional Ownership History for Western Gas Equity Partners LP (NYSE:WGP)
Institutional Ownership Percentage: 19.13%
Insider Trades by Quarter for Western Gas Equity Partners LP (NYSE:WGP)
Institutional Ownership by Quarter for Western Gas Equity Partners LP (NYSE:WGP)
Insider Trades by Quarter for Western Gas Equity Partners LP (NYSE:WGP)
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

Headline Trends for Western Gas Equity Partners LP (NYSE:WGP)
Latest Headlines for Western Gas Equity Partners LP (NYSE:WGP)
Source:
DateHeadline
americanbankingnews.com logoWestern Gas Equity Partners LP (WGP) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - May 23 at 10:03 AM
finance.yahoo.com logoWestern Gas Names New Chief Financial Officer
finance.yahoo.com - May 22 at 8:10 AM
finance.yahoo.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bearish Manner : WGP-US : May 18, 2017
finance.yahoo.com - May 18 at 9:38 AM
finance.yahoo.com logoWestern Gas Equity Partners LP :WGP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 8:10 PM
finance.yahoo.com logoWestern Gas Equity Partners LP : WGP-US: Dividend Analysis : May 01st, 2017 (record date) : By the numbers : May 5, 2017
finance.yahoo.com - May 6 at 1:40 AM
americanbankingnews.com logoWestern Gas Equity Partners (WGP) Earns Coverage Optimism Score of -0.35
www.americanbankingnews.com - May 4 at 10:43 AM
americanbankingnews.com logoWestern Gas Equity Partners LP (WGP) Receives $47.60 Average Target Price from Analysts
www.americanbankingnews.com - May 4 at 1:05 AM
americanbankingnews.com logoWestern Gas Equity Partners LP (WGP) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS
www.americanbankingnews.com - May 3 at 12:49 PM
marketbeat.com logoWestern Gas Equity misses 1Q profit forecasts
marketbeat.com - May 2 at 6:58 PM
americanbankingnews.com logoWestern Gas Equity Partners (WGP) Receiving Somewhat Favorable Media Coverage, Report Shows
www.americanbankingnews.com - May 1 at 4:08 PM
americanbankingnews.com logoSomewhat Favorable News Coverage Extremely Likely to Impact Western Gas Equity Partners (WGP) Share Price
www.americanbankingnews.com - April 28 at 1:32 PM
finance.yahoo.com logoAre Analysts Bullish on Western Gas?
finance.yahoo.com - April 28 at 9:26 AM
nasdaq.com logoWestern Gas Equity Partners, LP (WGP) Ex-Dividend Date Scheduled for April 27 ...
www.nasdaq.com - April 26 at 5:14 PM
americanbankingnews.com logoWestern Gas Equity Partners (WGP) Earning Somewhat Positive Press Coverage, Analysis Finds
www.americanbankingnews.com - April 25 at 3:24 PM
americanbankingnews.com logoMacquarie Initiates Coverage on Western Gas Equity Partners LP (WGP)
www.americanbankingnews.com - April 21 at 9:19 AM
americanbankingnews.com logoWestern Gas Equity Partners (WGP) Earning Somewhat Positive Media Coverage, Report Finds
www.americanbankingnews.com - April 20 at 9:53 AM
americanbankingnews.com logoGuggenheim Initiates Coverage on Western Gas Equity Partners LP (WGP)
www.americanbankingnews.com - April 17 at 5:21 PM
americanbankingnews.com logoWestern Gas Equity Partners (WGP) Receives Daily Coverage Optimism Score of 0.09
www.americanbankingnews.com - April 16 at 8:56 AM
americanbankingnews.com logoWestern Gas Equity Partners LP (WGP) Declares Dividend Increase - $0.49 Per Share
www.americanbankingnews.com - April 14 at 6:14 PM
americanbankingnews.com logoWestern Gas Equity Partners (WGP) Given Media Sentiment Score of 0.31
www.americanbankingnews.com - April 13 at 10:09 AM
americanbankingnews.com logoRoyal Bank of Canada Reiterates "Buy" Rating for Western Gas Equity Partners LP (WGP)
www.americanbankingnews.com - April 8 at 7:25 AM
americanbankingnews.com logoWestern Gas Equity Partners LP (WGP) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 3 at 11:15 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - April 1 at 10:34 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Financial Sta
biz.yahoo.com - March 23 at 8:59 PM
capitalcube.com logoWestern Gas Equity Partners LP : WGP-US: Dividend Analysis : February 02nd, 2017 (record date) : By the numbers : March 20, 2017
us.rd.yahoo.com - March 20 at 6:44 PM
finance.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Financials
finance.yahoo.com - February 28 at 8:18 PM
finance.yahoo.com logoWestern Gas Equity Partners upgraded by BofA/Merrill
finance.yahoo.com - February 27 at 5:28 PM
us.rd.yahoo.com logo4:31 pm Western Gas Equity Partners beats by $0.03, beats on revs
us.rd.yahoo.com - February 24 at 12:01 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
us.rd.yahoo.com - February 24 at 12:01 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 10-K, Annual Report
us.rd.yahoo.com - February 24 at 12:01 AM
biz.yahoo.com logoWESTERN GAS EQUITY PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosu
biz.yahoo.com - February 17 at 7:25 AM
us.rd.yahoo.com logoWilliams Continues to Increase Marcellus Exposure
us.rd.yahoo.com - February 14 at 7:05 AM
nasdaq.com logoWestern Gas Appoints Benjamin Fink As President And CEO
www.nasdaq.com - February 13 at 8:42 AM
seekingalpha.com logoWestern Gas Partners names Fink as new President/CEO
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
www.streetinsider.com - February 13 at 8:42 AM
finance.yahoo.com logoWestern Gas Announces Management Promotions
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
biz.yahoo.com - February 10 at 6:38 AM
nasdaq.com logoWestern Gas Equity Partners, LP (WGP) Ex-Dividend Date Scheduled for January ...
www.nasdaq.com - January 30 at 9:49 AM
finance.yahoo.com logoWestern Gas Announces Fourth Quarter 2016 Distribution And Schedules Earnings Conference Call
finance.yahoo.com - January 17 at 8:55 PM
reuters.com logoBRIEF-Western Gas Partners says entered into an amendment to extend term of its existing $1.2 billion revolving credit facility
www.reuters.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
biz.yahoo.com - December 17 at 6:07 AM
seekingalpha.com logoWestern Gas Equity Partners' (WGP) CEO Don Sinclair on Q3 2016 Results - Earnings Call Transcript
seekingalpha.com - November 2 at 8:52 PM
biz.yahoo.com logoQ3 2016 Western Gas Partners LP Earnings Release - After Market Close
biz.yahoo.com - November 1 at 12:59 PM
seekingalpha.com logoWestern Gas Equity Partners goes ex-dividend today
seekingalpha.com - October 29 at 7:40 PM
finance.yahoo.com logoWhy Western Gas Equity Is The Best Delaware Basin Midstream Play
finance.yahoo.com - October 11 at 6:17 AM

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Chart

Western Gas Equity Partners LP (WGP) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff