Tallgrass Energy Partners (NYSE:TEP) was downgraded by analysts at Capital One from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.

A number of other research firms also recently issued reports on TEP. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price target on shares of Tallgrass Energy Partners in a research note on Tuesday, January 16th. US Capital Advisors downgraded Tallgrass Energy Partners from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Credit Suisse Group began coverage on Tallgrass Energy Partners in a research note on Thursday, January 4th. They set a “neutral” rating for the company. ValuEngine downgraded Tallgrass Energy Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research downgraded Tallgrass Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Tallgrass Energy Partners has a consensus rating of “Hold” and a consensus price target of $46.63.

Shares of TEP opened at $44.83 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.52. The stock has a market capitalization of $3,259.58, a PE ratio of 11.89 and a beta of 1.02. Tallgrass Energy Partners has a one year low of $34.37 and a one year high of $52.96.

Tallgrass Energy Partners (NYSE:TEP) last issued its earnings results on Tuesday, February 13th. The pipeline company reported $0.67 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. The company had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.17 million. Tallgrass Energy Partners had a return on equity of 28.25% and a net margin of 66.17%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. sell-side analysts forecast that Tallgrass Energy Partners will post 2.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new position in shares of Tallgrass Energy Partners in the 4th quarter worth approximately $101,000. The Manufacturers Life Insurance Company boosted its stake in shares of Tallgrass Energy Partners by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,140 shares of the pipeline company’s stock worth $107,000 after buying an additional 143 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Tallgrass Energy Partners by 207.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,520 shares of the pipeline company’s stock worth $116,000 after buying an additional 1,700 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Tallgrass Energy Partners in the 4th quarter worth approximately $133,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of Tallgrass Energy Partners in the 4th quarter worth approximately $218,000. Hedge funds and other institutional investors own 61.13% of the company’s stock.

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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, 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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