Wall Street analysts expect that Tallgrass Energy Partners, LP (NYSE:TEP) will report sales of $180.10 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 $172.50 million to $187.69 million. Tallgrass Energy Partners, posted sales of $160.66 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Tallgrass Energy Partners, will report full-year sales of $180.10 million for the current fiscal year, with estimates ranging from $643.00 million to $682.69 million. For the next fiscal year, analysts expect that the company will report sales of $739.43 million per share, with estimates ranging from $694.00 million to $788.28 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,.

Several brokerages recently commented on TEP. Stifel Nicolaus restated a “buy” rating and set a $69.00 target price on shares of Tallgrass Energy Partners, in a report on Friday, July 14th. BidaskClub cut shares of Tallgrass Energy Partners, from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Tallgrass Energy Partners, from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Thursday, October 5th. Scotiabank set a $56.00 target price on shares of Tallgrass Energy Partners, and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, Barclays PLC increased their target price on shares of 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 assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.33.

In other news, insider David G. Dehaemers, Jr. purchased 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $45.13 per share, with a total value of $451,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary J. Brauchle purchased 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $46.10 per share, for a total transaction of $138,300.00. The disclosure for this purchase can be found here. Insiders have acquired 40,350 shares of company stock worth $1,827,604 over the last ninety days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cadence Capital Management LLC bought a new stake in Tallgrass Energy Partners, during the third quarter worth $4,900,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Tallgrass Energy Partners, by 2.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,084,722 shares of the pipeline company’s stock worth $51,947,000 after acquiring an additional 25,818 shares in the last quarter. JPMorgan Chase & Co. raised its position in Tallgrass Energy Partners, by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 871,105 shares of the pipeline company’s stock worth $41,081,000 after acquiring an additional 130,240 shares in the last quarter. Harvest Fund Advisors LLC raised its position in Tallgrass Energy Partners, by 6.1% during the third quarter. Harvest Fund Advisors LLC now owns 1,874,008 shares of the pipeline company’s stock worth $89,746,000 after acquiring an additional 107,897 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Tallgrass Energy Partners, by 4.1% during the third quarter. SG Americas Securities LLC now owns 55,914 shares of the pipeline company’s stock worth $2,678,000 after acquiring an additional 2,193 shares in the last quarter. 62.21% of the stock is currently owned by hedge funds and other institutional investors.

Tallgrass Energy Partners, (NYSE TEP) opened at $45.09 on Friday. The firm has a market cap of $3,340.00, a P/E ratio of 12.36 and a beta of 1.03. Tallgrass Energy Partners, has a 1-year low of $42.86 and a 1-year high of $55.50. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.35.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.945 per share. This is a positive change from Tallgrass Energy Partners,’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a yield of 8.38%. The ex-dividend date of this dividend is Monday, October 30th. Tallgrass Energy Partners,’s dividend payout ratio is 98.93%.

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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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