The leading market experts have placed a mean price target of $43.44 on Western Gas Equity Partners, LP (NYSE:WGP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.37 a share for the upcoming quarter and $1.37 for the current fiscal.
The technical analysis of Western Gas Equity Partners, LP plainly substantiates that the 50-day moving average of Western Gas Equity Partners, LP is $37.50, and stock is trading $-1.05 points away or -2.80% from its 50-day moving average of $37.50. Further it is trading $1.09 or +3.08% away its 200-day moving average of $35.36. Western Gas Equity Partners, LP (NYSE:WGP) 52-week high is $55.59 and the 52-week low is $19.21.
This explains if the stock moves $-19.14, it will post a 52-week high. In event of +89.74% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Western Gas Equity Partners, LP, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Western Gas Equity Partners, LP (NYSE:WGP) ratio came in at 36.60.
The stock last ended the trading session at $36.45 and registered a market cap of $7.98B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Western Gas Equity Partners, LP (NYSE:WGP) PEG ratio is at 0.78.
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