Tallgrass Energy Partners LP (NYSE:TEP) – Analysts at US Capital Advisors upped their Q3 2017 EPS estimates for Tallgrass Energy Partners in a research report issued on Friday. US Capital Advisors analyst J. Carreker now forecasts that the firm will earn $0.57 per share for the quarter, up from their previous forecast of $0.56. US Capital Advisors also issued estimates for Tallgrass Energy Partners’ Q4 2017 earnings at $0.54 EPS.

Tallgrass Energy Partners (NYSE:TEP) last released its earnings results on Wednesday, November 2nd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.74 by $0.29. The business had revenue of $152.13 million for the quarter, compared to analysts’ expectations of $147.56 million. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share.

Earnings History and Estimates for Tallgrass Energy Partners (NYSE:TEP)

A number of other brokerages also recently weighed in on TEP. Credit Suisse Group AG reissued a “neutral” rating on shares of Tallgrass Energy Partners in a report on Tuesday, August 16th. Zacks Investment Research downgraded shares of Tallgrass Energy Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, October 13th. Finally, Barclays PLC boosted their price target on shares of Tallgrass Energy Partners from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $51.50.

Shares of Tallgrass Energy Partners (NYSE:TEP) opened at 47.51 on Monday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 22.16 and a beta of 0.99. The company’s 50 day moving average is $46.68 and its 200 day moving average is $46.44. Tallgrass Energy Partners has a one year low of $25.82 and a one year high of $50.78.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were issued a $0.795 dividend. This is an increase from Tallgrass Energy Partners’s previous quarterly dividend of $0.76. This represents a $3.18 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend was Thursday, October 27th.

Several institutional investors have recently modified their holdings of TEP. Balentine LLC acquired a new stake in Tallgrass Energy Partners during the second quarter valued at approximately $101,000. Acrospire Investment Management LLC increased its stake in Tallgrass Energy Partners by 47.4% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the company’s stock valued at $129,000 after buying an additional 900 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in Tallgrass Energy Partners during the third quarter valued at approximately $200,000. US Bancorp DE increased its stake in Tallgrass Energy Partners by 377.1% in the second quarter. US Bancorp DE now owns 5,678 shares of the company’s stock valued at $262,000 after buying an additional 4,488 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Tallgrass Energy Partners by 2.5% in the second quarter. Alliancebernstein L.P. now owns 5,720 shares of the company’s stock valued at $263,000 after buying an additional 140 shares during the period.

About Tallgrass Energy Partners

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, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the oil and gas exploration and production industry and the transportation of natural gas liquid (NGLs).

5 Day Chart for NYSE:TEP

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