Western Gas Equity Partners, Lp (WGP) Files Form 4 Insider Selling : Donald R. Sinclair Sells 27,970 Shares

Western Gas Equity Partners, Lp (WGP): Donald R. Sinclair , CEO, President & Director of Western Gas Equity Partners, Lp sold 27,970 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $42.46 per share for a total value of $1,184,457.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Donald R. Sinclair (CEO, President & Director) sold 72,030 shares at $42.82 per share price.On Jan 15, 2015, David J Tudor (director) purchased 500 shares at $51.95 per share price.

Shares of Western Gas Equity Partners LP (WGP) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.44 points or -1.01% at $43.04 with 1,59,894 shares getting traded. Post opening the session at $43.72, the shares hit an intraday low of $41.94 and an intraday high of $43.72 and the price vacillated in this range throughout the day. The company has a market cap of $9,422 M and the number of outstanding shares has been calculated to be 21,89,19,380 shares. The 52-week high of Western Gas Equity Partners LP is $63.99 and the 52-week low is $19.211.

Western Gas Equity Partners LP Money Flow Index Chart

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.

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