Analysts’ Weekly Ratings Updates for Tallgrass Energy Partners, (TEP)

Tallgrass Energy Partners, (NYSE: TEP) has recently received a number of price target changes and ratings updates:

  • 7/31/2017 – Tallgrass Energy Partners, had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock.
  • 7/21/2017 – Tallgrass Energy Partners, was given a new $56.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 7/14/2017 – Tallgrass Energy Partners, had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $59.00 price target on the stock, up previously from $57.00.
  • 7/14/2017 – Tallgrass Energy Partners, had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $69.00 price target on the stock.
  • 7/1/2017 – Tallgrass Energy Partners, was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/24/2017 – Tallgrass Energy Partners, was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Tallgrass Energy Partners, LP (TEP) opened at 51.62 on Wednesday. The company has a 50 day moving average of $49.68 and a 200-day moving average of $50.84. Tallgrass Energy Partners, LP has a 12-month low of $42.59 and a 12-month high of $55.50. The company has a market cap of $3.74 billion, a PE ratio of 21.38 and a beta of 1.03.

Tallgrass Energy Partners, (NYSE:TEP) last released its quarterly earnings results on Wednesday, May 3rd. 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 return on equity of 18.77% and a net margin of 48.06%. The business had revenue of $144.40 million during the quarter, compared to the consensus estimate of $160.56 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Tallgrass Energy Partners, LP will post $3.50 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 28th will be given a $0.925 dividend. The ex-dividend date of this dividend is Wednesday, July 26th. This is an increase from Tallgrass Energy Partners,’s previous quarterly dividend of $0.84. This represents a $3.70 annualized dividend and a yield of 7.17%. Tallgrass Energy Partners,’s dividend payout ratio (DPR) is presently 152.26%.

In other Tallgrass Energy Partners, news, insider David G. Dehaemers, Jr. purchased 5,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were acquired at an average cost of $49.75 per share, for a total transaction of $248,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David G. Dehaemers, Jr. purchased 35,783 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was acquired at an average price of $46.47 per share, for a total transaction of $1,662,836.01. The disclosure for this purchase can be found here. Insiders acquired 91,290 shares of company stock worth $4,406,923 over the last quarter.

Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics. The Crude Oil Transportation & Logistics segment includes the ownership and operation of a Federal Energy Regulatory Commission (FERC) crude oil pipeline system, and crude oil storage and terminaling facilities.

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