Western Gas Equity Partners, Lp (WGP): Donald R. Sinclair , CEO, President & Director of Western Gas Equity Partners, Lp sold 72,030 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $42.82 per share for a total value of $3,083,497.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 15, 2015, David J Tudor (director) purchased 500 shares at $51.95 per share price.
Western Gas Equity Partners LP: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Western Gas Equity Partners LP which led to swings in the share price. The shares opened for trading at $41.91 and hit $43.3776 on the upside , eventually ending the session at $43.03, with a gain of 2.33% or 0.98 points. The heightened volatility saw the trading volume jump to 2,71,100 shares. The 52-week high of the share price is $64.39 and the company has a market cap of $9,420 M . The 52-week low of the share price is at $19.211.
Company has been under the radar of several Street Analysts.Western Gas Equity Partners LP is Downgraded by Credit Suisse to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 17, 2016.Western Gas Equity Partners LP is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 11, 2016.
Western Gas Equity Partners LP (WGP) owns operates acquires and develops midstream energy assets. Through its subsidiary Western Gas Partners LP (WES) the Company is engaged in the business of gathering processing compressing treating and transporting natural gas condensate Natural gas liquids (NGLs) and crude oil for Anadarko Petroleum Corporation (Anadarko) and its consolidated subsidiaries as well as third-party producers and customers. WES’s assets are located in the Rocky Mountains (Colorado Utah and Wyoming) the Mid-Continent (Kansas and Oklahoma) North-central Pennsylvania and Texas. WES’s operations and activities are managed by its general partner WES GP which is its wholly owned subsidiary. Anadarko which owns its general partner WGP GP and an 88.3% limited partner interest is an oil and gas exploration and production company.