Contrasting Tallgrass Energy Partners, (TEP) and Its Rivals
Tallgrass Energy Partners, (NYSE: TEP) is one of 53 publicly-traded companies in the “Oil & Gas Transportation Services” industry, but how does it compare to its peers? We will compare Tallgrass Energy Partners, to related businesses based on the strength of its dividends, risk, valuation, analyst recommendations, earnings, profitability and institutional ownership.
Volatility & Risk
Tallgrass Energy Partners, has a beta of 1.04, suggesting that its share price is 4% more volatile than the S&P 500. Comparatively, Tallgrass Energy Partners,’s peers have a beta of 1.39, suggesting that their average share price is 39% more volatile than the S&P 500.
Earnings & Valuation
This table compares Tallgrass Energy Partners, and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Tallgrass Energy Partners,||$614.20 million||$351.11 million||21.20|
|Tallgrass Energy Partners, Competitors||$5.66 billion||$1.31 billion||37.04|
Tallgrass Energy Partners,’s peers have higher revenue and earnings than Tallgrass Energy Partners,. Tallgrass Energy Partners, is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Tallgrass Energy Partners, pays an annual dividend of $3.70 per share and has a dividend yield of 7.8%. Tallgrass Energy Partners, pays out 165.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Oil & Gas Transportation Services” companies pay a dividend yield of 6.6% and pay out 172.0% of their earnings in the form of a dividend. Tallgrass Energy Partners, has raised its dividend for 3 consecutive years. Tallgrass Energy Partners, is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.
This is a breakdown of current recommendations for Tallgrass Energy Partners, and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Tallgrass Energy Partners,||0||4||5||0||2.56|
|Tallgrass Energy Partners, Competitors||274||1754||2344||85||2.50|
Tallgrass Energy Partners, presently has a consensus price target of $60.75, suggesting a potential upside of 28.52%. As a group, “Oil & Gas Transportation Services” companies have a potential upside of 20.16%. Given Tallgrass Energy Partners,’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Tallgrass Energy Partners, is more favorable than its peers.
This table compares Tallgrass Energy Partners, and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Tallgrass Energy Partners,||46.63%||20.47%||9.01%|
|Tallgrass Energy Partners, Competitors||18.17%||14.46%||5.57%|
Institutional and Insider Ownership
62.1% of Tallgrass Energy Partners, shares are owned by institutional investors. Comparatively, 57.2% of shares of all “Oil & Gas Transportation Services” companies are owned by institutional investors. 9.3% of shares of all “Oil & Gas Transportation Services” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Tallgrass Energy Partners, beats its peers on 9 of the 15 factors compared.
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. The Natural Gas Transportation & Logistics segment is engaged in the ownership and operation of FERC regulated interstate natural gas pipelines and integrated natural gas storage facilities. The Processing & Logistics segment is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities; the provision of water business services primarily to the oil and gas exploration and production industry, and the transportation of natural gas liquids (NGLs).
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