Tallgrass Energy GP, LP (NYSE:TEGP)‘s stock had its “buy” rating reissued by research analysts at Barclays PLC in a report released on Thursday. They currently have a $34.00 target price on the pipeline company’s stock. Barclays PLC’s price target indicates a potential upside of 25.88% from the stock’s previous close.

Several other research firms have also recently weighed in on TEGP. BidaskClub raised Tallgrass Energy GP, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Morgan Stanley reissued an “equal weight” rating and set a $29.00 price target (up from $28.00) on shares of Tallgrass Energy GP, in a report on Friday, July 14th. Stifel Nicolaus reissued a “buy” rating and set a $31.00 price target on shares of Tallgrass Energy GP, in a report on Friday, July 14th. Scotiabank set a $28.00 price target on Tallgrass Energy GP, and gave the company a “hold” rating in a report on Saturday, July 22nd. Finally, Zacks Investment Research cut Tallgrass Energy GP, from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Tallgrass Energy GP, has a consensus rating of “Hold” and a consensus target price of $30.11.

Shares of Tallgrass Energy GP, (NYSE:TEGP) opened at 27.01 on Thursday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 39.96 and a beta of 2.17. Tallgrass Energy GP, has a one year low of $21.74 and a one year high of $29.50. The company’s 50-day moving average price is $27.35 and its 200-day moving average price is $26.28.

Tallgrass Energy GP, (NYSE:TEGP) last issued its earnings results on Wednesday, August 2nd. The pipeline company reported $0.15 EPS for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $166.78 million. On average, equities research analysts predict that Tallgrass Energy GP, will post $0.93 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA bought a new position in Tallgrass Energy GP, in the 1st quarter worth $115,000. SG Americas Securities LLC bought a new position in Tallgrass Energy GP, in the 1st quarter worth $119,000. The Manufacturers Life Insurance Company raised its holdings in Tallgrass Energy GP, by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,858 shares of the pipeline company’s stock worth $124,000 after purchasing an additional 330 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Tallgrass Energy GP, by 816.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,234 shares of the pipeline company’s stock worth $159,000 after purchasing an additional 5,554 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in Tallgrass Energy GP, in the 2nd quarter worth $219,000. 36.85% of the stock is currently owned by institutional investors.

Tallgrass Energy GP, Company Profile

Analyst Recommendations for Tallgrass Energy GP, (NYSE:TEGP)

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