Wall Street analysts expect 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 provided 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 in the same quarter last year, which indicates a positive year-over-year growth rate of 14.9%. The business is expected to announce its next quarterly earnings report 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 company will report sales of $740.91 million per share, with estimates ranging from $700.00 million to $787.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Tallgrass Energy Partners,.

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

A number of brokerages recently weighed in on TEP. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price objective on shares of Tallgrass Energy Partners, in a research report on Monday, July 31st. Scotiabank set a $56.00 target price on Tallgrass Energy Partners, and gave the stock a “buy” rating in a report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 target price on shares of Tallgrass Energy Partners, in a research report on Friday, July 14th. Robert W. Baird reiterated a “buy” rating and issued a $67.00 target price on shares of Tallgrass Energy Partners, in a research report on Thursday, August 24th. Finally, Barclays PLC lifted their price target on Tallgrass Energy Partners, from $58.00 to $61.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. One equities 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 company’s stock. Tallgrass Energy Partners, has an average rating of “Hold” and an average price target of $61.22.

In related news, insider David G. Dehaemers, Jr. bought 10,000 shares of Tallgrass Energy Partners, stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $45.13 per share, for a total transaction of $451,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary J. Brauchle bought 3,000 shares of Tallgrass Energy Partners, stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $46.10 per share, for a total transaction of $138,300.00. The disclosure for this purchase can be found here. Insiders have bought 30,350 shares of company stock valued at $1,364,104 over the last 90 days.

Several institutional investors and hedge funds have recently bought and sold shares of TEP. The Manufacturers Life Insurance Company raised its stake 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 buying an additional 143 shares during the last quarter. Ffcm LLC boosted its position in Tallgrass Energy Partners, by 217.7% during 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 last quarter. Penserra Capital Management LLC boosted its position in Tallgrass Energy Partners, by 300.3% during 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 last quarter. Doliver Capital Advisors LP bought a new stake in Tallgrass Energy Partners, during the second quarter valued at $216,000. Finally, Franklin Square Holdings L.P. bought a new stake in Tallgrass Energy Partners, during the first quarter valued at $239,000. Institutional investors own 62.09% of the company’s stock.

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Shares of Tallgrass Energy Partners, (NYSE TEP) traded down 0.06% during mid-day trading on Wednesday, hitting $48.31. 48,298 shares of the company were exchanged. The company’s 50-day moving average price is $46.72 and its 200-day moving average price is $49.39. 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 $3.53 billion, a P/E ratio of 21.80 and a beta of 1.04.

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.

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

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