Equities analysts predict that Tallgrass Energy Partners, LP (NYSE:TEP) will announce $174.76 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Tallgrass Energy Partners,’s earnings. The highest sales estimate is $175.70 million and the lowest is $173.82 million. Tallgrass Energy Partners, reported sales of $152.13 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.9%. The company is expected to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Tallgrass Energy Partners, will report full-year sales of $174.76 million for the current financial year, with estimates ranging from $650.00 million to $665.90 million. For the next financial year, analysts expect that the firm will report sales of $740.91 million per share, with estimates ranging from $700.00 million to $787.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Tallgrass Energy Partners,.

Tallgrass Energy Partners, (NYSE:TEP) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The business had revenue of $160.86 million for the quarter, compared to analyst estimates of $158.93 million. Tallgrass Energy Partners, had a net margin of 46.63% and a return on equity of 20.47%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share.

A number of equities analysts recently commented on TEP shares. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of Tallgrass Energy Partners, in a report on Monday, July 31st. Scotiabank set a $56.00 price objective on Tallgrass Energy Partners, and gave the stock a “buy” rating in a report on Friday, July 21st. Stifel Nicolaus restated a “buy” rating and issued a $69.00 price objective on shares of Tallgrass Energy Partners, in a report on Friday, July 14th. Robert W. Baird restated a “buy” rating and issued a $67.00 price objective on shares of Tallgrass Energy Partners, in a report on Thursday, August 24th. Finally, Barclays PLC increased their price objective on Tallgrass Energy Partners, from $58.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.22.

Tallgrass Energy Partners, (TEP) opened at 48.41 on Friday. The firm’s 50-day moving average is $47.40 and its 200-day moving average is $49.94. Tallgrass Energy Partners, has a 12 month low of $42.59 and a 12 month high of $55.50. The firm has a market capitalization of $3.54 billion, a PE ratio of 21.85 and a beta of 1.05.

In related news, insider Gary J. Brauchle bought 3,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $46.10 per share, with a total value of $138,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David G. Dehaemers, Jr. bought 17,350 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $44.64 per share, with a total value of $774,504.00. The disclosure for this purchase can be found here. Insiders have acquired 30,350 shares of company stock valued at $1,364,104 in the last ninety days.

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in Tallgrass Energy Partners, by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,140 shares of the pipeline company’s stock worth $107,000 after purchasing an additional 143 shares during the period. Ffcm LLC boosted its position in shares of Tallgrass Energy Partners, by 217.7% in the second quarter. Ffcm LLC now owns 2,259 shares of the pipeline company’s stock valued at $115,000 after acquiring an additional 1,548 shares during the period. Penserra Capital Management LLC boosted its position in shares of Tallgrass Energy Partners, by 300.3% in the second quarter. Penserra Capital Management LLC now owns 2,858 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 2,144 shares during the period. Doliver Capital Advisors LP bought a new stake in shares of Tallgrass Energy Partners, in the second quarter valued at approximately $216,000. Finally, Franklin Square Holdings L.P. bought a new stake in shares of Tallgrass Energy Partners, in the first quarter valued at approximately $239,000. 62.11% of the stock is owned by hedge funds and other institutional investors.

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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.

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Earnings History and Estimates for Tallgrass Energy Partners, (NYSE:TEP)

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