Tallgrass Energy Partners (NYSE:TEP) received a $47.00 price target from Stifel Nicolaus in a research note issued on Thursday. The firm currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 29.91% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Tallgrass Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Tallgrass Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Scotiabank reaffirmed a “buy” rating on shares of Tallgrass Energy Partners in a research report on Wednesday, October 25th. Barclays reaffirmed a “hold” rating and issued a $55.00 price target on shares of Tallgrass Energy Partners in a research report on Thursday, October 19th. Finally, US Capital Advisors cut shares of Tallgrass Energy Partners from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Tallgrass Energy Partners currently has a consensus rating of “Hold” and a consensus price target of $55.67.

Tallgrass Energy Partners (NYSE TEP) opened at $36.18 on Thursday. Tallgrass Energy Partners has a 1 year low of $35.37 and a 1 year high of $55.50. The firm has a market cap of $2,680.00, a PE ratio of 9.67 and a beta of 0.92. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.55 and a quick ratio of 0.50.

In related news, insider David G. Dehaemers, Jr. purchased 6,039 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average price of $41.19 per share, for a total transaction of $248,746.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David G. Dehaemers, Jr. purchased 31,501 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were bought at an average price of $42.50 per share, with a total value of $1,338,792.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 75,031 shares of company stock valued at $3,213,704.

Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Tallgrass Energy Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 9,988 shares of the pipeline company’s stock worth $500,000 after purchasing an additional 559 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Tallgrass Energy Partners during the 3rd quarter worth approximately $797,000. Duff & Phelps Investment Management Co. increased its stake in shares of Tallgrass Energy Partners by 3.2% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 953,298 shares of the pipeline company’s stock worth $45,653,000 after purchasing an additional 30,000 shares during the last quarter. Harvest Fund Advisors LLC increased its stake in shares of Tallgrass Energy Partners by 6.1% during the 3rd quarter. Harvest Fund Advisors LLC now owns 1,874,008 shares of the pipeline company’s stock worth $89,746,000 after purchasing an additional 107,897 shares during the last quarter. Finally, RR Advisors LLC increased its stake in shares of Tallgrass Energy Partners by 0.3% during the 3rd quarter. RR Advisors LLC now owns 1,074,000 shares of the pipeline company’s stock worth $51,367,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 61.79% of the company’s stock.

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Tallgrass Energy Partners Company Profile

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.

Analyst Recommendations for Tallgrass Energy Partners (NYSE:TEP)

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