Shares of Tallgrass Energy Partners LP (NYSE:TEP) have been given a consensus rating of “Hold” by the twelve analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $59.17.

Several research firms recently weighed in on TEP. BidaskClub downgraded Tallgrass Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Scotiabank reaffirmed a “buy” rating on shares of Tallgrass Energy Partners in a research note on Wednesday, October 25th. Barclays reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Tallgrass Energy Partners in a research note on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and set a $64.00 target price on shares of Tallgrass Energy Partners in a report on Thursday, October 12th. Finally, Morgan Stanley lowered their target price on Tallgrass Energy Partners from $59.00 to $57.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th.

In other Tallgrass Energy Partners news, CEO David G. Dehaemers, Jr. acquired 1,688 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $44.99 per share, for a total transaction of $75,943.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David G. Dehaemers, Jr. acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $46.35 per share, for a total transaction of $463,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 86,719 shares of company stock worth $3,753,147.

Several hedge funds have recently bought and sold shares of TEP. Alps Advisors Inc. boosted its holdings in shares of Tallgrass Energy Partners by 13.0% during the third quarter. Alps Advisors Inc. now owns 3,818,712 shares of the pipeline company’s stock worth $182,878,000 after purchasing an additional 438,600 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Tallgrass Energy Partners by 2.7% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 7,522,832 shares of the pipeline company’s stock worth $360,268,000 after purchasing an additional 195,068 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Tallgrass Energy Partners by 14.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,058,904 shares of the pipeline company’s stock worth $53,041,000 after purchasing an additional 133,102 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 130,240 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in shares of Tallgrass Energy Partners by 3.4% during the second quarter. Kayne Anderson Capital Advisors LP now owns 3,350,309 shares of the pipeline company’s stock worth $167,808,000 after purchasing an additional 110,060 shares during the last quarter. Institutional investors and hedge funds own 62.10% of the company’s stock.

Tallgrass Energy Partners (NYSE TEP) opened at $45.92 on Friday. Tallgrass Energy Partners has a one year low of $41.13 and a one year high of $55.50. The firm has a market capitalization of $3,400.00, a P/E ratio of 12.44 and a beta of 1.01. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.35.

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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.

Analyst Recommendations for Tallgrass Energy Partners (NYSE:TEP)

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