Western Gas Equity Partners, LP (NYSE:WGP) has a mean price target of $42.73 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.38 a share for the very next quarter and $1.43 for this year.
The technical study of Western Gas Equity Partners, LP demonstrates that the 50-day moving average of Western Gas Equity Partners, LP (NYSE:WGP) stock is $36.83, and is trading $0.72 points away or +1.95% from 50-day moving average of $36.83. It is trading $0.11 or +0.30% away 200-day moving average of $37.44.
The 52-week high of Western Gas Equity Partners, LP (NYSE:WGP) was $50.96 while $19.21 is the low mark in the same period. It state Western Gas Equity Partners, LP share price has to surge more than $-13.41 to hit 52-week high or drop +95.47% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Western Gas Equity Partners, LP, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Western Gas Equity Partners, LP (NYSE:WGP) ratio came in at 37.70, after dividing current equity price by yearly earnings. Western Gas Equity Partners, LP stock recorded a close of $37.55 in last trading session, registering a market cap of $8.22B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Western Gas Equity Partners, LP (NYSE:WGP) PEG ratio is at 0.77.
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