Tallgrass Energy GP, (TEGP) Earning Somewhat Favorable Press Coverage, Study Shows
News headlines about Tallgrass Energy GP, (NYSE:TEGP) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tallgrass Energy GP, earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 45.691924510497 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages have commented on TEGP. Royal Bank Of Canada reiterated a “hold” rating and issued a $30.00 target price on shares of Tallgrass Energy GP, in a report on Monday, July 31st. Robert W. Baird reiterated a “buy” rating and issued a $32.00 target price on shares of Tallgrass Energy GP, in a report on Tuesday, September 26th. BidaskClub cut shares of Tallgrass Energy GP, from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC raised their target price on shares of Tallgrass Energy GP, from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Tallgrass Energy GP, from a “strong sell” rating to a “hold” rating in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.22.
Shares of Tallgrass Energy GP, (TEGP) opened at 27.38 on Thursday. Tallgrass Energy GP, has a 52-week low of $21.74 and a 52-week high of $29.30. The stock has a 50 day moving average of $27.53 and a 200-day moving average of $27.53. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 40.50 and a beta of 2.17.
Tallgrass Energy GP, (NYSE:TEGP) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Tallgrass Energy GP, had a net margin of 5.91% and a return on equity of 2.01%. The business had revenue of $160.86 million during the quarter, compared to analyst estimates of $166.78 million. On average, equities research analysts predict that Tallgrass Energy GP, will post $0.93 EPS for the current fiscal year.
Tallgrass Energy GP, Company Profile
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