Tallgrass Energy Partners (NYSE:TEP)‘s stock had its “buy” rating reiterated by investment analysts at Robert W. Baird in a research report issued to clients and investors on Thursday.

Several other equities research analysts also recently issued reports on TEP. BidaskClub downgraded shares of Tallgrass Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Tallgrass Energy Partners from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, October 5th. Scotiabank reissued a “buy” rating on shares of Tallgrass Energy Partners in a research note on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 target price on shares of Tallgrass Energy Partners in a research note on Thursday, October 12th. Finally, Morgan Stanley reduced their target price on shares of Tallgrass Energy Partners from $59.00 to $57.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $59.11.

Tallgrass Energy Partners (NYSE TEP) opened at $43.42 on Thursday. Tallgrass Energy Partners has a one year low of $41.13 and a one year high of $55.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.50 and a current ratio of 0.55. The firm has a market cap of $3,236.16, a P/E ratio of 11.95 and a beta of 0.99.

In related news, insider David G. Dehaemers, Jr. bought 11,350 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of $43.14 per share, for a total transaction of $489,639.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David G. Dehaemers, Jr. bought 6,039 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of $41.19 per share, with a total value of $248,746.41. The disclosure for this purchase can be found here. Insiders acquired 86,719 shares of company stock valued at $3,753,147 over the last three months.

A number of large investors have recently modified their holdings of the business. Tocqueville Asset Management L.P. raised its holdings in Tallgrass Energy Partners by 0.3% during the 1st quarter. Tocqueville Asset Management L.P. now owns 10,031 shares of the pipeline company’s stock worth $534,000 after buying an additional 26 shares during the period. Country Club Trust Company n.a. boosted its position in Tallgrass Energy Partners by 1.0% during the first quarter. Country Club Trust Company n.a. now owns 7,825 shares of the pipeline company’s stock worth $417,000 after purchasing an additional 77 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Tallgrass Energy Partners by 1.5% during the third quarter. Chicago Partners Investment Group LLC now owns 6,500 shares of the pipeline company’s stock worth $313,000 after buying an additional 98 shares in the last quarter. Creative Planning raised its stake in Tallgrass Energy Partners by 0.7% in the third quarter. Creative Planning now owns 13,707 shares of the pipeline company’s stock valued at $661,000 after purchasing an additional 100 shares in the last quarter. Finally, CNH Partners LLC raised its stake in Tallgrass Energy Partners by 0.9% in the second quarter. CNH Partners LLC now owns 11,360 shares of the pipeline company’s stock valued at $569,000 after purchasing an additional 100 shares in the last quarter. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tallgrass Energy Partners (NYSE:TEP)

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