Western Gas Equity price target raised to $59 from $51 at Oppenheimer Oppenheimer increased its price target on Western Gas Equity (WGP), as the firm believes that Western Gas Partners (WES) continues to operate at a very high level. All of Western Gas Equity's cash flows are derived from Western Gas Partners, according to the firm. It keeps an Outperform rating on Western Gas Equity.
Western Gas Partners raise quarterly distribution to 70c from 67.5c per unit Western Gas Partners announced that the board of its general partner declared a quarterly cash distribution of 70c per unit for Q4, marking a FY14 distribution increase of 16% over FY13. This distribution also represents a 4% increase over the prior quarter and a 17% increase over Q4 FY13. Western Gas's Q4 distribution is payable on February 12, to unit holders of record at the close of business on February 2.