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 Refining and Marketing
  • Sub-Industry: N/A
  • Symbol: NYSE:WGP
  • CUSIP: N/A
  • Web: www.westerngas.com
Capitalization:
  • Market Cap: $8.6 billion
  • Outstanding Shares: 218,933,000
Average Prices:
  • 50 Day Moving Avg: $40.19
  • 200 Day Moving Avg: $42.25
  • 52 Week Range: $38.71 - $47.82
P/E:
  • Trailing P/E Ratio: 24.15
  • Foreward P/E Ratio: 21.11
  • P/E Growth: 1.31
Sales & Book Value:
  • Annual Revenue: $2.03 billion
  • Price / Sales: 4.24
  • Book Value: $4.89 per share
  • Price / Book: 8.03
Dividend:
  • Annual Dividend: $2.11
  • Dividend Yield: 5.3%
Profitability:
  • EBITDA: $944 million
  • Net Margins: 17.50%
  • Return on Equity: 8.78%
  • Return on Assets: 4.69%
Debt:
  • Debt-to-Equity Ratio: 0.81%
  • Current Ratio: 1.21%
  • Quick Ratio: 1.21%
Misc:
  • Average Volume: 170,686 shs.
  • Beta: 1.57
  • Short Ratio: 3.32
 

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 Monday, October 16th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.5375 per share on Wednesday, November 22nd. This represents a $2.15 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Wednesday, November 1st. This is a boost from Western Gas Equity Partners, LP's previous quarterly dividend of $0.53. 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) released its quarterly earnings data on Tuesday, July, 25th. The company reported $0.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.07. The company had revenue of $525.50 million for the quarter, compared to the consensus estimate of $505.77 million. Western Gas Equity Partners, LP had a net margin of 17.50% and a return on equity of 8.78%. The company's quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. 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 Tuesday, October, 31st 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?

9 analysts have issued 1-year target prices for Western Gas Equity Partners, LP's stock. Their forecasts range from $43.00 to $60.00. On average, they expect Western Gas Equity Partners, LP's share price to reach $51.00 in the next year. View Analyst Ratings for Western Gas Equity Partners, LP.

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

Who are Western Gas Equity Partners, LP's key executives?

Western Gas Equity Partners, LP's management team includes the folowing people:

  • Robert G. Gwin, Chairman of the Board of General Partner
  • Benjamin Matthew Fink, President, Chief Executive Officer, Director
  • Jaime R. Casas, Chief Financial Officer, Senior Vice President, Treasurer
  • Craig W. Collins, Chief Operating Officer, Senior Vice President - Operations of Western Gas Equity Holdings, LLC
  • Philip H. Peacock, Senior Vice President, General Counsel, Corporate Secretary of Western Gas Equity Holdings, LLC
  • Darrell E. Hollek, Director of the General Partner Western Gas Equity Holdings, LLC,
  • Robert K. Reeves, Director of the General Partner Western Gas Equity Holdings, LLC
  • Thomas R. Hix, Independent Director of the General Partner
  • Craig W. Stewart, Independent Director of the General Partner
  • David J. Tudor, Independent Director of the General Partner

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.

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

One share of Western Gas Equity Partners, LP stock can currently be purchased for approximately $39.27.


MarketBeat Community Rating for Western Gas Equity Partners, LP (NYSE WGP)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  204 (Vote Outperform)
Underperform Votes:  213 (Vote Underperform)
Total Votes:  417
MarketBeat's community ratings are surveys of what our community members think about Western Gas Equity Partners, LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Western Gas Equity Partners, LP (NYSE:WGP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.78)
Consensus Price Target: $51.00 (29.87% upside)
Consensus Price Target History for Western Gas Equity Partners, LP (NYSE:WGP)
Price Target History for Western Gas Equity Partners, LP (NYSE:WGP)
Analysts' Ratings History for Western Gas Equity Partners, LP (NYSE:WGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/10/2017Seaport Global SecuritiesInitiated CoverageBuy$49.00N/AView Rating Details
8/21/2017Royal Bank Of CanadaReiterated RatingBuy$53.00MediumView Rating Details
8/16/2017ScotiabankSet Price TargetBuy$51.00LowView Rating Details
7/13/2017Deutsche Bank AGUpgradeHold -> Buy$50.00 -> $54.00LowView Rating Details
4/21/2017MacquarieInitiated CoverageOutperform$51.00LowView Rating Details
4/17/2017GuggenheimInitiated CoverageBuy$60.00LowView Rating Details
2/27/2017Bank of America CorporationUpgradeUnderperform -> Neutral$41.00 -> $46.00N/AView Rating Details
11/8/2016Credit Suisse GroupReiterated RatingHold$43.00N/AView Rating Details
11/8/2016Barclays PLCReiterated RatingBuy$52.00N/AView Rating Details
7/29/2016Citigroup Inc.Boost 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
3/30/2016J P Morgan Chase & CoBoost Price TargetOverweight$35.00 -> $39.00N/AView Rating Details
3/11/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$34.00N/AView Rating Details
2/25/2016Morgan StanleyInitiated CoverageEqual -> Equal Weight$27.00N/AView Rating Details
1/15/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
1/14/2016Capital One Financial CorporationInitiated CoverageEqual Weight$47.00N/AView Rating Details
11/2/2015Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformN/AView Rating Details
(Data available from 10/18/2015 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
10/31/2017$0.41N/AView Earnings Details
7/25/2017Q2 2017$0.41$0.48$505.77 million$525.50 millionViewN/AView Earnings Details
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: $1.62 EPS
Next Year EPS Consensus Estimate: $1.86 EPS

Dividends

Current Dividend Information for Western Gas Equity Partners, LP (NYSE:WGP)
Next Dividend:11/22/2017
Annual Dividend:$2.11
Dividend Yield:5.37%
Dividend Growth:39.80% (3 Year Average)
Payout Ratio:129.45% (Trailing 12 Months of Earnings)
130.25% (Based on This Year's Estimates)
113.44% (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
10/16/2017quarterly$0.545.45%11/1/201711/2/201711/22/2017
7/18/2017Quarterly$0.535.04%7/27/20177/31/20178/21/2017
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: 17.80%
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) to Issue Dividend Increase - $0.54 Per Share
www.americanbankingnews.com - October 16 at 6:20 PM
americanbankingnews.com logoWestern Gas Equity Partners, (WGP) & Its Competitors Head to Head Contrast
www.americanbankingnews.com - October 15 at 2:10 AM
prnewswire.com logoWestern Gas Announces Third Quarter 2017 Distribution And Schedules Earnings ...
www.prnewswire.com - October 13 at 10:09 AM
finance.yahoo.com logoWestern Gas Announces Third Quarter 2017 Distribution And Schedules Earnings Conference Call
finance.yahoo.com - October 13 at 10:09 AM
finance.yahoo.com logoWestern Gas Equity Partners LP – Value Analysis (NYSE:WGP) : October 11, 2017
finance.yahoo.com - October 12 at 10:04 AM
americanbankingnews.com logoWestern Gas Equity Partners, (WGP) versus Its Competitors Head-To-Head Comparison
www.americanbankingnews.com - October 12 at 9:04 AM
finance.yahoo.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bearish Manner : WGP-US : October 10, 2017
finance.yahoo.com - October 11 at 9:34 AM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Research Coverage Started at Seaport Global Securities
www.americanbankingnews.com - October 10 at 9:14 AM
americanbankingnews.com logoWestern Gas Equity Partners, (WGP) versus Its Peers Financial Contrast
www.americanbankingnews.com - October 8 at 8:08 PM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - October 5 at 6:14 PM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - September 27 at 10:36 AM
finance.yahoo.com logoWhy Western Gas Partners LP (WES) Could Be A Buy
finance.yahoo.com - September 23 at 11:09 AM
americanbankingnews.com logoHead to Head Review: Western Gas Partners, (WES) and Western Gas Equity Partners, (WGP)
www.americanbankingnews.com - September 21 at 8:32 PM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 2 at 10:40 AM
americanbankingnews.com logoChina Petroleum & Chemical Corporation (SNP) versus Western Gas Equity Partners, (WGP) Head to Head Survey
www.americanbankingnews.com - August 30 at 8:16 PM
finance.yahoo.com logoWestern Gas Equity Partners LP : WGP-US: Dividend Analysis : July 31st, 2017 (record date) : By the numbers : August 29, 2017
finance.yahoo.com - August 30 at 11:06 AM
finance.yahoo.com logoComparing Western Gas Partners’s Valuation
finance.yahoo.com - August 23 at 1:52 PM
finance.yahoo.com logoHow Institutional Investors Feel about Western Gas Partners
finance.yahoo.com - August 23 at 1:52 PM
finance.yahoo.com logoWhat Western Gas Partners’ Technical Indicators Suggest
finance.yahoo.com - August 23 at 1:52 PM
finance.yahoo.com logoWestern Gas Partners Earns ‘Buy’ Ratings from 53% of Analysts
finance.yahoo.com - August 23 at 1:52 PM
finance.yahoo.com logoAnalyzing Western Gas Partners’ 2Q17 Operating Performance
finance.yahoo.com - August 22 at 7:51 AM
finance.yahoo.com logoWhy Western Gas’s Strong Balance Sheet Position Is a Major Plus
finance.yahoo.com - August 22 at 7:51 AM
americanbankingnews.com logo$0.37 EPS Expected for Western Gas Equity Partners, LP (WGP) This Quarter
www.americanbankingnews.com - August 22 at 6:22 AM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Receives "Buy" Rating from Royal Bank Of Canada
www.americanbankingnews.com - August 21 at 1:04 PM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Given a $51.00 Price Target by Scotiabank Analysts
www.americanbankingnews.com - August 17 at 12:26 PM
americanbankingnews.com logoWestern Gas Equity Partners, (NYSE:WGP) and PBF Energy (PBF) Critical Review
www.americanbankingnews.com - August 10 at 3:02 PM
americanbankingnews.com logoWestern Gas Equity Partners, LP (NYSE:WGP) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - August 8 at 11:04 AM
americanbankingnews.com logo Brokerages Expect Western Gas Equity Partners, LP (NYSE:WGP) Will Post Earnings of $0.39 Per Share
www.americanbankingnews.com - August 4 at 7:44 AM
americanbankingnews.com logoFinancial Review: Phillips 66 (PSX) and Western Gas Equity Partners, (WGP)
www.americanbankingnews.com - August 3 at 10:26 PM
americanbankingnews.com logoFinancial Review: Cenovus Energy (CVE) & Western Gas Equity Partners, (WGP)
www.americanbankingnews.com - July 29 at 8:04 PM
finance.yahoo.com logoWestern Gas Equity Partners LP :WGP-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 29 at 8:41 AM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS
www.americanbankingnews.com - July 26 at 4:50 PM
americanbankingnews.com logoWestern Gas Equity Partners, LP (NYSE:WGP) Increases Dividend to $0.53 Per Share
www.americanbankingnews.com - July 22 at 2:15 PM
americanbankingnews.com logoWestern Gas Equity Partners, LP (NYSE:WGP) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - July 22 at 11:46 AM
finance.yahoo.com logoWestern Gas Equity Partners LP breached its 50 day moving average in a Bullish Manner : WGP-US : July 17, 2017
finance.yahoo.com - July 17 at 11:51 AM
americanbankingnews.com logoWestern Gas Equity Partners, LP (WGP) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 14 at 1:40 PM
streetinsider.com logoDeutsche Bank Upgrades Western Gas Equity Partners, LP (WGP) to Buy
www.streetinsider.com - July 14 at 9:56 AM
americanbankingnews.com logoDeutsche Bank AG Upgrades Western Gas Equity Partners, LP (WGP) to "Buy"
www.americanbankingnews.com - July 13 at 12:37 PM
finance.yahoo.com logoAre Institutional Investors Bullish on WES, ENLK, ENBL, DCP?
finance.yahoo.com - July 5 at 11:29 AM
finance.yahoo.com logoAnalysts’ Ratings: WES Has the Most ‘Buys,’ ENBL the Most ‘Sells’
finance.yahoo.com - July 5 at 11:29 AM
marketbeat.com logoWestern Gas Equity misses 1Q profit forecasts
marketbeat.com - May 2 at 6:58 PM
nasdaq.com logoWestern Gas Equity Partners, LP (WGP) Ex-Dividend Date Scheduled for April 27 ...
www.nasdaq.com - April 26 at 5:14 PM
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
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

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Chart

Western Gas Equity Partners, LP (WGP) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

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