Tallgrass Energy GP (NYSE:TEGP) received a $26.00 price target from analysts at Stifel Nicolaus in a note issued to investors on Thursday. The firm currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ target price points to a potential upside of 14.14% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Barclays reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Tallgrass Energy GP in a research report on Thursday, October 19th. Morgan Stanley cut their price objective on shares of Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Tallgrass Energy GP in a research report on Thursday, December 7th. Finally, BidaskClub raised shares of Tallgrass Energy GP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.78.
Tallgrass Energy GP (NYSE:TEGP) opened at $22.78 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.55 and a quick ratio of 0.50. Tallgrass Energy GP has a 12-month low of $21.79 and a 12-month high of $29.50. The stock has a market cap of $3,738.92, a P/E ratio of 28.48, a PEG ratio of 2.86 and a beta of 1.75.
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Tallgrass Energy GP Company Profile
Tallgrass Energy GP, LP is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP’s subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP’s segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.
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