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Principale » Are Analysts Bullish Tallgrass Energy GP LP (NYSE:TEGP) After Last Week?

Are Analysts Bullish Tallgrass Energy GP LP (NYSE:TEGP) After Last Week?

04 Juillet 2017

The company's revenue for the quarter was down 1.9% compared to the same quarter a year ago. After having $0.55 EPS previously, Tallgrass Energy Partners LP's analysts see 23.64 % EPS growth.

Several other research firms have also recently commented on TEP. The firm earned "Buy" rating on Friday, April 28 by Scotia Capital. Zacks' sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Tallgrass Energy Partners. They now have a Dollars 58 price target on the stock.

At the end of 3/31/2017 reporting period, 62 institutional holders increased their position in Tallgrass Energy GP, LP (NYSE:TEGP) by some 3,113,094 shares, 52 decreased positions by 3,341,242 and 21 held positions by 51,622,960. As per Tuesday, January 5, the company rating was maintained by Stifel Nicolaus. Finally, Macquarie initiated coverage on shares of Tallgrass Energy Partners, in a research note on Friday, April 21st. The firm earned "Outperform" rating on Thursday, May 19 by Credit Suisse. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Royal Bank of Canada reaffirmed a "buy" rating and issued a $60.00 price target on shares of Tallgrass Energy Partners in a research report on Friday, April 21st.

Shares of Tallgrass Energy Partners, (NYSE:TEP) traded up 2.96% during midday trading on Friday, reaching $50.09. If you are reading this report on another website, it was copied illegally and reposted in violation of United States & global copyright and trademark law. Missouri-based Country Club Communications Na has invested 0.06% in Tallgrass Energy Partners LP (NYSE:TEP).

MA Invests $7.01 Million in American Midstream Partners, LP (AMID)
Macquarie Research maintained Expeditors International of Washington (NASDAQ:EXPD) on Wednesday, November 4 with "Neutral" rating. The pipeline company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.10.

Energy Income Partners Llc increased Tallgrass Energy Partners Lp (TEP) stake by 17.94% reported in 2016Q4 SEC filing. Signaturefd Ltd Limited Liability Company owns 1,965 shares or 0.03% of their USA portfolio. The firm's 50 day moving average price is $50.57 and its 200 day moving average price is $50.06. Tallgrass Energy GP, has a 52 week low of $21.74 and a 52 week high of $29.50. The company has a market cap of $3.36 billion, a P/E ratio of 19.20 and a beta of 1.03.

01/28/2016 - Tallgrass Energy Partners, LP was downgraded to "hold" by analysts at Stifel Nicolaus. The pipeline company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.57 by $0.02. Tallgrass Energy Partners, had a net margin of 48.06% and a return on equity of 18.77%. The business had revenue of $144.40 million during the quarter, compared to analysts' expectations of $160.56 million. The business's revenue was down 1.9% compared to the same quarter past year. Stifel Nicolaus maintained Tallgrass Energy GP LP (NYSE:TEGP) rating on Thursday, November 5. The stock was purchased at an average cost of $49.75 per share, with a total value of $248,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

On average, analysts expect that Tallgrass Energy Partners, will report full-year earnings of $3.47 per share for the current financial year, with EPS estimates ranging from $2.54 to $3.99. Also, insider David G. Dehaemers, Jr. bought 26,016 shares of Tallgrass Energy Partners, stock in a transaction that occurred on Wednesday, May 10th. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 91,290 shares of company stock worth $4,406,923. FMR LLC acquired a new stake in Tallgrass Energy GP, during the fourth quarter worth $12,006,000. Geode Capital Management LLC purchased a new position in Tallgrass Energy GP, during the first quarter worth approximately $209,000. Taylor Wealth Management Partners now owns 86,390 shares of the pipeline company's stock valued at $4,596,000 after buying an additional 5,920 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Tallgrass Energy Partners, by 3.5% in the first quarter. Brown Advisory Inc. now owns 6,292 shares of the pipeline company's stock valued at $298,000 after buying an additional 925 shares during the last quarter. Renaissance Technologies LLC raised its stake in Tallgrass Energy GP, by 630.2% in the first quarter. Koch Industries Inc. now owns 5,328 shares of the pipeline company's stock valued at $283,000 after buying an additional 531 shares during the period. Catawba Capital Management VA now owns 12,440 shares of the pipeline company's stock valued at $662,000 after buying an additional 2,000 shares during the last quarter. Strs Ohio owns 0% invested in Digi International Inc. TEP owns, operates, acquires and develops midstream energy assets in North America. The Firm operates through three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics.