Tallgrass Energy GP (NYSE:TEGP) has been given a $25.00 target price by stock analysts at Stifel Nicolaus in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 11.36% from the stock’s previous close.
Several other equities analysts also recently issued reports on TEGP. Barclays reissued a “buy” rating and set a $34.00 price target on shares of Tallgrass Energy GP in a report on Thursday, October 19th. BidaskClub downgraded shares of Tallgrass Energy GP from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Robert W. Baird reissued a “buy” rating and set a $32.00 price target on shares of Tallgrass Energy GP in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, Morgan Stanley reduced their price target on shares of Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Tallgrass Energy GP presently has a consensus rating of “Hold” and an average target price of $28.67.
Shares of Tallgrass Energy GP (TEGP) traded down $0.66 on Wednesday, hitting $22.45. 261,407 shares of the stock traded hands, compared to its average volume of 431,198. Tallgrass Energy GP has a 52 week low of $21.66 and a 52 week high of $29.50. The firm has a market capitalization of $3,547.10, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 2.85 and a beta of 1.75. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.18.
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Tallgrass Energy GP Company Profile
Tallgrass Energy GP, LP is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP’s subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP’s segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.
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