Western Gas Equity Partners (WGP) in Focus: Stock Tanks 19.1%

Western Gas Equity Partners, LP WGP saw a big move last session, as the company's shares fell by over 19% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for WGP, as the stock is now down nearly 43% since Jan 5.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

WGP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Oil Refining & Marketing MLP industry may consider better-ranked stock like Northern Tier Energy LP NTI, which carries a Zacks Rank #2 (Buy).

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