In a report released yesterday, Michael Blum from Wells Fargo maintained a Hold rating on Western Gas Eq (WGP). The company’s shares closed on Friday at $32.42.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 9.4% and a 61.8% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and Targa Resources Corp.
Western Gas Eq has an analyst consensus of Moderate Buy, with a price target consensus of $42.
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Western Gas Eq’s market cap is currently $7.1B and has a P/E ratio of 18.95. The company has a Price to Book ratio of 7.23.
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Western Gas Equity Partners LP operates as a master limited partnership, which aims to own three types of partnership interests in Western Gas Partners, LP and its subsidiaries (WES). WES engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was formed in September 2012 and is headquartered in The Woodlands, TX.
