|Bid||32.55 x 900|
|Ask||32.95 x 900|
|Day's Range||32.38 - 33.39|
|52 Week Range||25.89 - 38.62|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||19.40|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
With its simplification transaction complete, the newly named Western Midstream Partners looks like a compelling option for income-seeking investors.
Q4 2018 Western Gas Equity Partners LP and Western Gas Partners LP Earnings Call
The Woodlands-based Western Gas Equity Partners LP (NYSE: WGP) and Western Gas Partners LP (NYSE: WES) — master limited partnerships formed by Anadarko Petroleum Corp. (NYSE: APC) — completed their previously announced consolidation and changed their names on Feb.
Western Gas Partners, LP is engaged in gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil for its subsidiaries as well as third-party producers and customers. The dividend yield of Western Gas Partners, LP stocks is 7.55%. Western Gas Partners, LP had annual average EBITDA growth of 2.80% over the past ten years.
After an in-depth research, brokers decide to rate the company's stock. So, when a broker upgrades a stock, one can easily rely on it.
The The Woodlands, Texas-based company said it had net income of 43 cents per share. Earnings, adjusted for asset impairment costs, were 70 cents per share. The results exceeded Wall Street expectations. ...
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.
7 MLPs Offering a Yield above 7%(Continued from Prior Part)Analysts are bullish on ET and MPLX Energy Transfer (ET) stock was rated a “strong buy” or “buy” by 88% of analysts surveyed by Reuters. In comparison, 86% of analysts rated MPLX
7 MLPs Offering a Yield above 7%MLPs offering high yieldsMLPs are performing well in 2019. In this series, we’ll take a look at MLPs trading at a yield higher than 7%. These MLPs all have a market capitalization of more than $5 billion. Our list
Traditionally, the utilities sector -- especially equities that pay highest dividend yields -- has been considered a relatively safe bet in uncertain and volatile markets; and with a 3.16% average yield, the gas utilities segment offers the highest dividend yields within the utilities sector, asserts Ned Piplovic, editor of DividendInvestor.
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.
So far in this series, we’ve discussed how some MLPs are trading at attractive yields. Another partnership trading at a high yield is Tallgrass Energy (TGE). It’s currently trading at a yield of ~9.7%. Tallgrass Energy raised its distribution sequentially by 2.5% in Q3. Its dividend coverage for the quarter was 1.28x. The stock has fallen ~14% year-to-date.
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.
"The size of this asset sale, along with the clear benefits of the simplification transaction, highlights the tremendous value of Anadarko's midstream business."
On a per-share basis, the The Woodlands, Texas-based company said it had profit of 49 cents. The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment ...
On October 9, Antero Midstream Partners (AM) and Antero Midstream GP (AMGP) announced a simplification transaction. Antero Midstream GP will acquire all of the outstanding units of Antero Midstream Partners. As part of the transaction, Antero Midstream GP will convert into a C corporation and be renamed as “Antero Midstream Corporation.” Antero Midstream Partners and Antero Midstream GP stocks rose after the announcement. To learn more, read Antero Midstream to Buy Antero Midstream Partners.
Noble Midstream Partners (NBLX) stock fell significantly in August and September as Initiative 97 was started and then made it onto the Colorado ballot as Proposition 112. The proposition requires that new oil and gas development, including fracking, should be a minimum distance of 2,500 feet from “vulnerable” areas such as homes, schools, or hospitals.
Noble Midstream Partners (NBLX), Western Gas Equity Partners (WGP), and DCP Midstream Partners (DCP) were among the top MLP gainers in the week ending October 5. Oil and gas companies’ steps to fight Proposition 112 on the Colorado ballot likely made some investors optimistic about the companies’ futures. Noble Midstream Partners, Western Gas Equity Partners, and DCP Midstream Partners gained 14%, 8.4%, and 7.8%, respectively, last week. Even after last week’s gains, the three stocks have fallen 19%, 17%, and 12%, respectively, YTD (year-to-date).
On September 18, Wells Fargo raised its rating for Targa Resources (TRGP) to “outperform” from “market perform.” It raised its price target on the stock from $55 to $63. Out of 21 analysts surveyed by Reuters covering Targa Resources, seven have rated the stock a “strong buy,” four have rated it a “buy,” and the remaining ten have rated it a “hold.” The median price target for Targa Resources is $57, which implies an upside potential of 3% from its current price of $55.33.
Downstream MLP Calumet Specialty Products Partners (CLMT) fell 6.5% last week, which ended September 14. Noble Midstream Partners (NBLX) fell 3.7% last week and has fallen 21% so far in 2018. Western Gas Partners (WES) and its general partner Western Gas Equity Partners (WGP) fell 3.6% and 3.7%, respectively, last week.