Tallgrass Energy Partners LP (TEP) Receives Consensus Rating of “Hold” from Analysts
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.
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.
COPYRIGHT VIOLATION WARNING: “Tallgrass Energy Partners LP (TEP) Receives Consensus Rating of “Hold” from Analysts” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/15/tallgrass-energy-partners-lp-tep-receives-consensus-rating-of-hold-from-analysts.html.
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.
Receive News & Ratings for Tallgrass Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tallgrass Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.