Arcadia Biosciences, Inc. (RKDA) Reaches $10.70 After 4.00% Up Move; 10 Bullish Analysts Covering Western Gas Equity Partners, LP (WGP)

May 23, 2018 - By Maria Brooks

Western Gas Equity Partners, LP (NYSE:WGP) Logo

The stock of Arcadia Biosciences, Inc. (NASDAQ:RKDA) is a huge mover today! The stock increased 7.84% or $0.7778 during the last trading session, reaching $10.6978. About 422,758 shares traded. Arcadia Biosciences, Inc. (NASDAQ:RKDA) has risen 94.61% since May 23, 2017 and is uptrending. It has outperformed by 83.06% the S&P500.The move comes after 7 months positive chart setup for the $36.18M company. It was reported on May, 23 by Barchart.com. We have $11.13 PT which if reached, will make NASDAQ:RKDA worth $1.45M more.

Among 20 analysts covering Western Gas Equity Partners (NYSE:WGP), 10 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. Western Gas Equity Partners had 41 analyst reports since August 3, 2015 according to SRatingsIntel. MUFG initiated it with “Neutral” rating and $45 target in Friday, June 17 report. The stock has “Neutral” rating by Citigroup on Thursday, April 7. The firm has “Equalweight” rating by CapitalOne given on Thursday, January 14. The stock of Western Gas Equity Partners, LP (NYSE:WGP) has “Buy” rating given on Monday, September 25 by RBC Capital Markets. The firm has “Market Perform” rating given on Monday, January 18 by Wells Fargo. The firm has “Overweight” rating given on Wednesday, March 30 by JP Morgan. Morgan Stanley initiated Western Gas Equity Partners, LP (NYSE:WGP) on Thursday, February 25 with “Equal-Weight” rating. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, January 17. Wells Fargo downgraded Western Gas Equity Partners, LP (NYSE:WGP) on Friday, January 15 to “Market Perform” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, March 11 report. See Western Gas Equity Partners, LP (NYSE:WGP) latest ratings:

03/05/2018 Broker: MUFG Securities Americas Inc Rating: Buy Upgrade
20/04/2018 Broker: Deutsche Bank Rating: Buy New Target: $38 Initiates Coverage On
17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $43 New Target: $35 Maintain
09/04/2018 Broker: Seaport Global Old Rating: Buy New Rating: Neutral Old Target: $49 New Target: $32 Downgrade
27/03/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $41 New Target: $35 Maintain
27/03/2018 Broker: Citigroup Rating: Buy New Target: $40.0000 Upgrade
07/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $45 New Target: $43 Maintain
29/01/2018 Broker: Scotia Capital Rating: Buy New Target: $49.0 Maintain
17/01/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Downgrade
16/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $47.0 Maintain

More recent Arcadia Biosciences, Inc. (NASDAQ:RKDA) news were published by: Seekingalpha.com which released: “Arcadia Biosciences: A Micro-Cap Opportunity In Agriculture” on May 16, 2018. Also Seekingalpha.com published the news titled: “Arcadia Biosciences 2018 Q1 – Results – Earnings Call Slides” on May 11, 2018. Seekingalpha.com‘s news article titled: “Arcadia Biosciences’ (RKDA) CEO Raj Ketkar on Q1 2018 Results – Earnings Call Transcript” with publication date: May 12, 2018 was also an interesting one.

Arcadia Biosciences, Inc., an agricultural biotechnology trait company, develops traits that enhance food, feed, and fiber crops worldwide. The company has market cap of $36.18 million. The firm offers a suite of agricultural yield traits, including nitrogen use efficiency, water use efficiency and drought tolerance, salinity tolerance, herbicide tolerance, and heat tolerance traits, as well as yield and agronomic trait stacks primarily for food crops, such as corn, rice, wheat, and soybean. It currently has negative earnings. It also provides agricultural product quality traits comprising gamma linolenic acid safflower oil to manufacturers of nutritional supplements, medical foods, and other products under the SONOVA brand; and arachidonic acid safflower oil that is used as an ingredient in infant nutrition products.

Among 2 analysts covering Arcadia Biosciences (NASDAQ:RKDA), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Arcadia Biosciences had 2 analyst reports since May 12, 2017 according to SRatingsIntel. The stock of Arcadia Biosciences, Inc. (NASDAQ:RKDA) has “Hold” rating given on Friday, July 21 by Piper Jaffray. PiperJaffray downgraded the stock to “Neutral” rating in Friday, May 12 report.

Western Gas Equity Partners, LP engages in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. The company has market cap of $7.77 billion. The firm owns or has investments in assets located in the Rocky Mountains, including Colorado, Utah, and Wyoming; North-central Pennsylvania; and Texas. It has a 20.63 P/E ratio. Western Gas Equity Holdings, LLC serves as the general partner Western Gas Equity Partners, LP.

The stock decreased 0.06% or $0.02 during the last trading session, reaching $35.49. About 216,780 shares traded. Western Gas Equity Partners, LP (NYSE:WGP) has declined 26.12% since May 23, 2017 and is downtrending. It has underperformed by 37.67% the S&P500.

More news for Western Gas Equity Partners, LP (NYSE:WGP) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Wintrust Financial, InfraREIT, Innophos, Western Gas Equity Partners, LP, Getty …” on May 21, 2018. Prnewswire.com‘s article titled: “Western Gas Names New Chief Operating Officer” and published on May 14, 2018 is yet another important article.

Investors sentiment decreased to 0.71 in Q4 2017. Its down 0.52, from 1.23 in 2017Q3. It fall, as 17 investors sold Western Gas Equity Partners, LP shares while 38 reduced holdings. 16 funds opened positions while 23 raised stakes. 37.73 million shares or 4.16% less from 39.37 million shares in 2017Q3 were reported. Deutsche Financial Bank Ag reported 21,890 shares. Silvercrest Asset Mgmt Group Lc has 119,313 shares. Susquehanna Intl Llp accumulated 46,890 shares. Moreover, Hall Laurie J Trustee has 0.02% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 1,000 shares. Wetherby Asset Mngmt has 6,000 shares. Switzerland-based Credit Suisse Ag has invested 0.01% in Western Gas Equity Partners, LP (NYSE:WGP). Evergreen Cap Mngmt Limited Liability Corporation invested 0.08% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP). Moreover, Parkside Commercial Bank & Tru has 0.35% invested in Western Gas Equity Partners, LP (NYSE:WGP). Blackrock Inc reported 16,631 shares. Kayne Anderson Cap Advsrs Lp holds 178,780 shares. Mai Mgmt reported 87,515 shares. Ent Financial Corporation owns 159 shares. Ftb Advsrs reported 137 shares or 0% of all its holdings. Catalyst Capital Advsrs Llc holds 182,640 shares. Bokf Na accumulated 0.01% or 5,575 shares.

Western Gas Equity Partners, LP (NYSE:WGP) Institutional Positions Chart

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