Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $42.25 on Western Gas Equity Partners, LP (NYSE:WGP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.33 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Western Gas Equity Partners, LP (NYSE:WGP) stands at 42.31. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Western Gas Equity Partners, LP, the PEG ratio for coming 3-5 years is 1.14. Technical Analysis The technical analysis highlights that Western Gas Equity Partners, LP current price is trading $-0.91 points away -2.31% from $39.20, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $34.60 and, for now, the stock price is trading $3.69 or +10.67% away from that point. The 52-week high of Western Gas Equity Partners, LP (NYSE:WGP) was $59.69 while lowest point recorded in 52-week was $19.21. It implies if stock price makes a movement of over $-21.40, it will record a new 52-week high. In the case of $+99.32% points drop, it will touch a new 52-week low.
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