Several analysts have recently updated their ratings and price targets for Tallgrass Energy Partners (NYSE: TEP):

  • 2/14/2018 – Tallgrass Energy Partners was given a new $48.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 2/14/2018 – Tallgrass Energy Partners had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $45.00 price target on the stock.
  • 2/12/2018 – Tallgrass Energy Partners was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $43.00 price target on the stock, down previously from $50.00.
  • 2/9/2018 – Tallgrass Energy Partners had its price target lowered by analysts at Morgan Stanley from $52.00 to $48.00. They now have an “equal weight” rating on the stock.
  • 2/8/2018 – Tallgrass Energy Partners was given a new $47.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 2/2/2018 – Tallgrass Energy Partners was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/16/2018 – Tallgrass Energy Partners had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $55.00 price target on the stock.
  • 1/10/2018 – Tallgrass Energy Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Tallgrass Energy Partners, L.P. owns, operates, acquires and develops midstream energy assets primarily in North America. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through pipelines and natural gas processing assets. Tallgrass Energy Partners, LP is based in Overland Park, Kansas. “
  • 1/9/2018 – Tallgrass Energy Partners was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating.
  • 1/4/2018 – Tallgrass Energy Partners is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating on the stock.
  • 1/4/2018 – Tallgrass Energy Partners was downgraded by analysts at US Capital Advisors from an “overweight” rating to a “hold” rating.
  • 12/31/2017 – Tallgrass Energy Partners was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Tallgrass Energy Partners LP (TEP) traded up $1.56 during midday trading on Wednesday, hitting $39.62. The company had a trading volume of 471,466 shares, compared to its average volume of 497,000. The stock has a market cap of $2,759.63, a PE ratio of 10.59 and a beta of 0.90. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.35. Tallgrass Energy Partners LP has a 52 week low of $35.37 and a 52 week high of $55.50.

Tallgrass Energy Partners (NYSE:TEP) last announced its quarterly earnings data on Tuesday, February 13th. The pipeline company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.09). The firm had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.17 million. Tallgrass Energy Partners had a net margin of 64.13% and a return on equity of 27.58%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. sell-side analysts anticipate that Tallgrass Energy Partners LP will post 3.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.965 per share. This represents a $3.86 dividend on an annualized basis and a dividend yield of 9.74%. This is a boost from Tallgrass Energy Partners’s previous quarterly dividend of $0.95. The ex-dividend date is Tuesday, January 30th. Tallgrass Energy Partners’s dividend payout ratio (DPR) is currently 103.21%.

In related news, insider David G. Dehaemers, Jr. purchased 31,501 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were acquired at an average cost of $42.50 per share, with a total value of $1,338,792.50. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David G. Dehaemers, Jr. purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was bought at an average cost of $42.97 per share, for a total transaction of $644,550.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 64,605 shares of company stock worth $2,753,188.

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.

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