|Bid||36.55 x 800|
|Ask||0.00 x 800|
|Day's Range||48.22 - 49.95|
|52 Week Range||38.35 - 53.44|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||90.22|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||3.83 (7.79%)|
|1y Target Est||55.75|
REAFFIRMS 2019 OUTLOOK HOUSTON , Feb. 14, 2019 /PRNewswire/ -- Western Gas Partners, LP (NYSE: WES) ("WES" or the "Partnership") and Western Gas Equity Partners, LP (NYSE: WGP) ("WGP") ...
NEW YORK , Feb. 14, 2019 /PRNewswire/ -- Celgene Corporation (CELG) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties in connection with the proposed merger of Celgene ...
DALLAS , Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
HOUSTON, Jan. 28, 2019 /PRNewswire/ -- Western Gas Equity Partners, LP (WGP) and Western Gas Partners, LP (WES) today announced that WGP's Registration Statement on Form S-4 relating to the previously announced merger transaction between WGP and WES has become effective as of January 28, 2019, and that WES has filed a definitive proxy statement/prospectus with the SEC for the special meeting of its unitholders to vote on the merger. The special meeting of WES unitholders will be held on February 27, 2019, at 8:00 a.m. CST, at 1201 Lake Robbins Drive, The Woodlands, Texas 77380. All WES common and Class C unitholders of record as of the close of business on January 14, 2019, which is the record date for the special meeting, will be entitled to vote their units.
Moody's Investors Service ("Moody's") changed the rating outlook for Anadarko Petroleum Corporation (Anadarko) to positive from stable. Moody's also affirmed the ratings for Anadarko and its guaranteed subsidiaries, including Anadarko's Ba1 Corporate Family Rating (CFR), Ba1 senior unsecured ratings and SGL-2 Speculative Grade Liquidity Rating.
HOUSTON , Jan. 22, 2019 /PRNewswire/ -- Western Gas Partners, LP (NYSE: WES) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.980 per unit ...
How Analysts View the Top MLPs at the Beginning of 2019 (Continued from Prior Part) ## Magellan Midstream Partners Magellan Midstream Partners (MMP) offers a potential upside of more than 21% based on analysts’ median target price of $73.2. Magellan Midstream Partners is trading at $60.3. Among the 21 analysts tracking Magellan Midstream Partners, six recommended a “strong buy,” five recommended a “buy,” nine recommended a “hold,” and one recommended a “sell” as of January 8. UBS cut Magellan Midstream Partners’ target price from $76.0 to $74.0 last week. The above chart shows the normalized price performance of Magellan Midstream Partners stock along with the Alerian MLP ETF (AMLP). ## Valuation and distribution yield Magellan Midstream Partners is trading at an EV-to-EBITDA multiple of 12x based on analysts’ earnings estimates for 2019. The company looks relatively expensive compared to its peers. Magellan Midstream Partners’ historical valuation multiple is beyond 19x. Currently, Magellan Midstream Partners offers a distribution yield of 6.6%. The company raised its distribution ~13% in the last five years. ## Peer comparison Western Gas Partners (WES) has a median target price of $54.9—compared to its current market price of $46.1. The target price indicates a potential upside of more than 19% for the next 12 months. Western Gas Partners stock looks relatively cheap considering its forward EV-to-EBITDA multiple at 7.6x. Analysts expect a strong year-over-year earnings growth of more than 25% in 2019. Western Gas Partners offers a distribution yield of 8.6%, which is in line with the industry average. Western Gas Partners’ distribution grew 11.4% in the last five years. Continue to Next Part Browse this series on Market Realist: * Part 1 - How Analysts View the Top MLPs at the Beginning of 2019 * Part 2 - Enterprise Products Partners: Analysts Are Positive * Part 3 - Is Plains All American Pipeline Stock a Good Bargain?
Seven energy stocks in one specific sector, oil pipelines, are poised for a 'Goldilocks' rebound in 2019, according to Goldman Sachs and UBS. They have been pummeled by falling oil prices over the last year.
NEW YORK , Jan. 5, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
On November 8, Western Gas Equity Partners (WGP) announced an agreement to acquire Western Gas Partners (WES) in a unit-for-unit exchange. Once completed, Western Gas Equity Partners is to own ~98% of WES and parent Anadarko Petroleum (APC) will own ~2%. The acquisition is expected to complete in Q1 2019.
Anadarko Petroleum unveiled its plans for 2019, which include another dividend increase and a boost to its stock buyback authorization.
Anadarko named a new president to oversee a new leadership structure, kicking off a series of promotions.
HOUSTON, Nov. 15, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) ("WES") and Western Gas Equity Partners, LP (WGP) ("WGP" and collectively the "Partnerships") announced that effective today Robin H. Fielder has been named President of the Partnerships. Fielder will also succeed Fink as CEO of the Partnerships effective Jan. 1, 2019.
On November 2–9, midstream stock Western Gas Partners (WES) gained the most on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) rose 1.2%—the most among major energy subsector ETFs, which we discussed in the previous part.
"The size of this asset sale, along with the clear benefits of the simplification transaction, highlights the tremendous value of Anadarko's midstream business."
HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Anadarko Petroleum Corporation (APC) today announced a transaction to sell substantially all of its remaining midstream assets for $4.015 billion to Western Gas Partners, LP (WES), with $2.0075 billion cash proceeds, and the balance to be paid in new Western Gas equity. Concurrently WES announced it has entered into a merger agreement with Western Gas Equity Partners, LP (WGP), which will result in a simplified midstream structure.
HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) ("WES") and Western Gas Equity Partners, LP (WGP) ("WGP" or the "Partnership") today announced they have entered into a merger agreement (the "Agreement") whereby WGP will acquire all the publicly held common units of WES and substantially all of the units owned by Anadarko Petroleum Corporation (APC) ("APC") in a unit-for-unit, tax-free exchange (the "Simplification Transaction"). WGP will own 98% of WES, and APC will own the remaining 2%. In conjunction with the Simplification Transaction, WES has agreed to acquire substantially all of APC's remaining midstream assets for a price of $4.015 billion (the "Acquisition," and together with the Simplification Transaction, the "Transactions").
Q3 2018 Western Gas Partners LP and Western Gas Equity Partners LP Earnings Call
HOUSTON , Oct. 30, 2018 /PRNewswire/ -- Western Gas Partners, LP (NYSE: WES) ("WES" or the "Partnership") and Western Gas Equity Partners, LP (NYSE: WGP) ("WGP") today announced ...
HOUSTON, Oct. 17, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.9650 per unit for the third quarter of 2018. Western Gas Equity Partners, LP (WGP) also announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.5950 per unit for the third quarter of 2018. WGP's third quarter 2018 distribution is payable on November 21, 2018, to unitholders of record at the close of business on October 31, 2018.