US Capital Advisors Weighs in on Tallgrass Energy Partners LP’s Q4 2017 Earnings (TEP)

Tallgrass Energy Partners LP (NYSE:TEP) – Research analysts at US Capital Advisors lowered their Q4 2017 earnings estimates for shares of Tallgrass Energy Partners in a report released on Thursday. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.68. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Tallgrass Energy Partners’ Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.06 EPS and FY2019 earnings at $2.46 EPS.

Several other analysts also recently issued reports on TEP. Credit Suisse Group assumed coverage on shares of Tallgrass Energy Partners in a research note on Thursday. They set a “neutral” rating on the stock. ValuEngine downgraded shares of Tallgrass Energy Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Tallgrass Energy Partners from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Thursday, October 5th. Morgan Stanley lowered their price target on shares of 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. Finally, Robert W. Baird restated a “buy” rating on shares of Tallgrass Energy Partners in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $59.11.

Shares of Tallgrass Energy Partners (NYSE TEP) opened at $46.04 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.50 and a current ratio of 0.55. Tallgrass Energy Partners has a one year low of $41.13 and a one year high of $55.50. The stock has a market cap of $3,400.86, a price-to-earnings ratio of 12.31 and a beta of 0.99.

Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in Tallgrass Energy Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 9,988 shares of the pipeline company’s stock worth $500,000 after purchasing an additional 559 shares in the last quarter. Green Square Capital LLC bought a new stake in Tallgrass Energy Partners in the second quarter worth $258,000. Duff & Phelps Investment Management Co. boosted its holdings in Tallgrass Energy Partners by 3.2% in the third quarter. Duff & Phelps Investment Management Co. now owns 953,298 shares of the pipeline company’s stock worth $45,653,000 after purchasing an additional 30,000 shares in the last quarter. Harvest Fund Advisors LLC boosted its holdings in Tallgrass Energy Partners by 6.1% in the third quarter. Harvest Fund Advisors LLC now owns 1,874,008 shares of the pipeline company’s stock worth $89,746,000 after purchasing an additional 107,897 shares in the last quarter. Finally, RR Advisors LLC boosted its holdings in Tallgrass Energy Partners by 0.3% in the third quarter. RR Advisors LLC now owns 1,074,000 shares of the pipeline company’s stock worth $51,367,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 62.09% of the company’s stock.

In other Tallgrass Energy Partners news, CEO David G. Dehaemers, Jr. acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $46.35 per share, for a total transaction of $463,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David G. Dehaemers, Jr. acquired 11,350 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average price of $43.14 per share, with a total value of $489,639.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 86,719 shares of company stock worth $3,753,147.

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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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