Wall Street analysts expect that Tallgrass Energy Partners, LP (NYSE:TEP) will report sales of $174.76 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tallgrass Energy Partners,’s earnings, with estimates ranging from $173.82 million to $175.70 million. Tallgrass Energy Partners, posted sales of $152.13 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, November 2nd.

According to Zacks, analysts expect that Tallgrass Energy Partners, will report full-year sales of $174.76 million for the current fiscal year, with estimates ranging from $643.00 million to $665.90 million. For the next fiscal year, analysts expect that the company will report sales of $738.91 million per share, with estimates ranging from $694.00 million to $787.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tallgrass Energy Partners,.

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

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $64.00 target price on shares of Tallgrass Energy Partners, in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Tallgrass Energy Partners, from a “buy” rating to a “hold” rating in a research note on Saturday, October 14th. Barclays PLC reiterated a “hold” rating and set a $55.00 price objective on shares of Tallgrass Energy Partners, in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price objective on shares of Tallgrass Energy Partners, in a research note on Monday, July 31st. Finally, BidaskClub lowered shares of Tallgrass Energy Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Tallgrass Energy Partners, has a consensus rating of “Hold” and a consensus target price of $59.33.

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Shares of Tallgrass Energy Partners, (NYSE:TEP) traded down 0.2976% during trading on Monday, hitting $45.7933. The company’s stock had a trading volume of 68,554 shares. The firm’s 50 day moving average price is $47.55 and its 200-day moving average price is $49.01. The company has a market cap of $3.35 billion, a PE ratio of 20.6648 and a beta of 1.04. Tallgrass Energy Partners, has a 52 week low of $42.59 and a 52 week high of $55.50.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a $0.945 dividend. The ex-dividend date is Monday, October 30th. This is a boost from Tallgrass Energy Partners,’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a dividend yield of 8.23%. Tallgrass Energy Partners,’s dividend payout ratio (DPR) is 165.92%.

In related news, insider David G. Dehaemers, Jr. acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $45.13 per share, for a total transaction of $451,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David G. Dehaemers, Jr. acquired 17,350 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $44.64 per share, with a total value of $774,504.00. The disclosure for this purchase can be found here. Insiders bought 30,350 shares of company stock valued at $1,364,104 over the last quarter.

Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Tallgrass Energy Partners, by 28.1% during the first quarter. Ameriprise Financial Inc. now owns 13,557 shares of the pipeline company’s stock worth $721,000 after buying an additional 2,971 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Tallgrass Energy Partners, by 40.6% during the first quarter. Alliancebernstein L.P. now owns 9,429 shares of the pipeline company’s stock worth $502,000 after buying an additional 2,723 shares in the last quarter. KCG Holdings Inc. bought a new stake in Tallgrass Energy Partners, during the first quarter worth approximately $538,000. Oppenheimer Asset Management Inc. bought a new stake in Tallgrass Energy Partners, during the first quarter worth approximately $709,000. Finally, HighTower Advisors LLC boosted its holdings in Tallgrass Energy Partners, by 16.8% during the first quarter. HighTower Advisors LLC now owns 31,041 shares of the pipeline company’s stock worth $1,654,000 after buying an additional 4,471 shares in the last quarter. Institutional investors and hedge funds own 62.09% of the company’s stock.

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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