Analysts at Morgan Stanley Reiterated their Past ‘”Equal-Weight”’ rating on Shares Western Gas Equity (NYSE:WGP), Set a $40 Target Price per Share

November 15, 2017 - By Henry Gaston

 Analysts at Morgan Stanley Reiterated their Past ‘

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.22, from 0.9 in 2017Q1. It is positive, as 13 investors sold Western Gas Equity Partners LP shares while 28 reduced holdings. 9 funds opened positions while 37 raised stakes. 38.24 million shares or 1.47% less from 38.81 million shares in 2017Q1 were reported.

Hirtle Callaghan And Co Limited Liability Co owns 323 shares for 0% of their portfolio. Linscomb And Williams Incorporated owns 10,325 shares. Lvw Limited Liability reported 16,400 shares stake. 7,770 are held by Blair William And Il. Conning Inc accumulated 73,319 shares. 652,891 were accumulated by Morgan Stanley. Creative Planning reported 443 shares. 28,414 were reported by Jpmorgan Chase &. 67,876 are held by Hollow Brook Wealth Management Limited Liability Co. 853,682 were accumulated by Commonwealth Of Pennsylvania Pub School Empls Retrmt. Pnc Ser Gru has 74,185 shares. Silvercrest Asset Mgmt Gru Ltd Co invested in 0.06% or 123,048 shares. Fifth Third State Bank reported 1,363 shares. Sterling Cap Mngmt Ltd Co has invested 0% in Western Gas Equity Partners LP (NYSE:WGP). Goldman Sachs Grp Incorporated holds 0.02% or 1.45M shares.

Western Gas Equity (NYSE:WGP) Rating Reaffirmed

Morgan Stanley now has a $40 PT on the $7.91 billion market cap company or 10.77 % upside potential. In a research report revealed to investors and clients on Thursday, 2 November, Western Gas Equity (NYSE:WGP) shares have had their “Equal-Weight” Rating reiterated by stock research analysts at Morgan Stanley.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.22, from 0.9 in 2017Q1. It is positive, as 13 investors sold Western Gas Equity Partners LP shares while 28 reduced holdings. 9 funds opened positions while 37 raised stakes. 38.24 million shares or 1.47% less from 38.81 million shares in 2017Q1 were reported.

Hirtle Callaghan And Co Limited Liability Co owns 323 shares for 0% of their portfolio. Linscomb And Williams Incorporated owns 10,325 shares. Lvw Limited Liability reported 16,400 shares stake. 7,770 are held by Blair William And Il. Conning Inc accumulated 73,319 shares. 652,891 were accumulated by Morgan Stanley. Creative Planning reported 443 shares. 28,414 were reported by Jpmorgan Chase &. 67,876 are held by Hollow Brook Wealth Management Limited Liability Co. 853,682 were accumulated by Commonwealth Of Pennsylvania Pub School Empls Retrmt. Pnc Ser Gru has 74,185 shares. Silvercrest Asset Mgmt Gru Ltd Co invested in 0.06% or 123,048 shares. Fifth Third State Bank reported 1,363 shares. Sterling Cap Mngmt Ltd Co has invested 0% in Western Gas Equity Partners LP (NYSE:WGP). Goldman Sachs Grp Incorporated holds 0.02% or 1.45M shares.

Western Gas Equity Partners LP (NYSE:WGP) Ratings Coverage

Among 18 analysts covering Western Gas Equity Partners (NYSE:WGP), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Western Gas Equity Partners has $70 highest and $27 lowest target. $44.86’s average target is 24.23% above currents $36.11 stock price. Western Gas Equity Partners had 29 analyst reports since August 3, 2015 according to SRatingsIntel. Credit Suisse downgraded Western Gas Equity Partners LP (NYSE:WGP) rating on Thursday, March 17. Credit Suisse has “Neutral” rating and $37 target. The stock has “Outperform” rating by Macquarie Research on Friday, April 21. Deutsche Bank maintained the shares of WGP in report on Tuesday, October 20 with “Hold” rating. The stock has “Neutral” rating by Bank of America on Monday, February 27. RBC Capital Markets maintained the shares of WGP in report on Sunday, August 20 with “Buy” rating. The stock of Western Gas Equity Partners LP (NYSE:WGP) has “Neutral” rating given on Thursday, April 7 by Citigroup. The firm earned “Equal-Weight” rating on Monday, October 10 by . MUFG initiated Western Gas Equity Partners LP (NYSE:WGP) on Friday, June 17 with “Neutral” rating. CapitalOne initiated Western Gas Equity Partners LP (NYSE:WGP) on Thursday, January 14 with “Equalweight” rating. The stock of Western Gas Equity Partners LP (NYSE:WGP) has “Outperform” rating given on Tuesday, October 13 by Credit Suisse.

About 5,459 shares traded. Western Gas Equity Partners LP (NYSE:WGP) has risen 3.31% since November 15, 2016 and is uptrending. It has underperformed by 13.39% the S&P500.

Analysts expect Western Gas Equity Partners LP (NYSE:WGP) to report $0.44 EPS on February, 28.They anticipate $0.05 EPS change or 12.82 % from last quarter’s $0.39 EPS. WGP’s profit would be $96.38M giving it 20.52 P/E if the $0.44 EPS is correct. After having $0.44 EPS previously, Western Gas Equity Partners LP’s analysts see 0.00 % EPS growth.

Western Gas Equity Partners, LP is a limited partnership. The company has market cap of $7.91 billion. The Firm is formed to own approximately three types of partnership interests in Western Gas Partners, LP . It has a 21.91 P/E ratio. 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.

More recent Western Gas Equity Partners LP (NYSE:WGP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Franklin Electric, AVX and Western Gas Equity Partners” on October 30, 2017. Also Prnewswire.com published the news titled: “Western Gas Announces Third-Quarter 2017 Results” on October 31, 2017. Gurufocus.com‘s news article titled: “Heronetta Management, LP Buys ONEOK Inc, Western Gas Equity Partners LP” with publication date: October 31, 2017 was also an interesting one.

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