Live Price Coverage: Tallgrass Energy GP LP Increases Again; Strong Momentum for Buyers

Live Price Coverage: Tallgrass Energy GP LP Increases Again; Strong Momentum for Buyers

The stock of Tallgrass Energy GP LP (NYSE:TEGP) is a huge mover today! The stock increased 2.99% or $0.72 on October 3, hitting $24.77. About 133,284 shares traded hands. Tallgrass Energy GP LP (NYSE:TEGP) has risen 50.59% since February 29, 2016 and is uptrending. It has outperformed by 38.38% the S&P500.
The move comes after 8 months positive chart setup for the $3.89 billion company. It was reported on Oct, 4 by We have $41.37 PT which if reached, will make NYSE:TEGP worth $2.61 billion more.

Analysts await Tallgrass Energy GP LP (NYSE:TEGP) to report earnings on November, 2. They expect $0.26 EPS, up 188.89% or $0.17 from last year’s $0.09 per share. TEGP’s profit will be $40.83 million for 23.82 P/E if the $0.26 EPS becomes a reality. After $0.07 actual EPS reported by Tallgrass Energy GP LP for the previous quarter, Wall Street now forecasts 271.43% EPS growth.

Tallgrass Energy GP LP (NYSE:TEGP) Ratings Coverage

Out of 7 analysts covering Tallgrass Energy GP (NYSE:TEGP), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Tallgrass Energy GP has been the topic of 17 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, October 20 by Robert W. Baird. Stifel Nicolaus maintained Tallgrass Energy GP LP (NYSE:TEGP) rating on Thursday, November 5. Stifel Nicolaus has “Buy” rating and $33 price target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 18. The rating was maintained by Barclays Capital on Thursday, February 18 with “Overweight”. Robert W. Baird upgraded the stock to “Outperform” rating in Friday, May 6 report. The stock has “Outperform” rating given by Credit Suisse on Thursday, May 19. The stock of Tallgrass Energy GP LP (NYSE:TEGP) has “Overweight” rating given on Monday, May 2 by Barclays Capital. The rating was downgraded by Robert W. Baird to “Neutral” on Monday, February 8. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, January 28 report. The rating was upgraded by Deutsche Bank on Monday, April 18 to “Buy”.

According to Zacks Investment Research, “Tallgrass Energy GP, LP is a limited partnership company. The company is engaged in the transportation, storage and processing of natural gas, the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry through its subsidiary. Tallgrass Energy GP, LP is based in LEAWOOD, United States.”

More notable recent Tallgrass Energy GP LP (NYSE:TEGP) news were published by: which released: “Tallgrass Energy GP LP IPO Prices at $29 a Share” on May 06, 2015, also with their article: “Tallgrass Energy GP LP Cl A” published on May 07, 2015, published: “Tallgrass Energy GP, LP Files Shelf Registration Statement” on June 02, 2016. More interesting news about Tallgrass Energy GP LP (NYSE:TEGP) were released by: and their article: “Tallgrass Energy GP, LP Appoints New Board Member” published on May 09, 2016 as well as‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: May 01, 2015.

TEGP Company Profile

Tallgrass Energy GP, LP, incorporated on February 10, 2015, is a limited partnership company. The Firm was formed as part of a reorganization involving entities that are controlled by Tallgrass Equity, LLC (Tallgrass Equity). Tallgrass Equity’s assets consist of the direct and indirect partnership interests in Tallgrass Energy Partners, LP (TEP). Tallgrass Equity holds interest in Tallgrass MLP GP, LLC (TEP GP). The Company, through TEP, owns, operates, acquires and develops midstream energy assets in North America. TEP provides crude oil transportation to clients in Wyoming, Colorado, and the surrounding regions through Pony Express, which owns a crude oil pipeline commencing in Guernsey, Wyoming and terminating in Cushing, Oklahoma that includes a lateral in Northeast Colorado that commences in Weld County, Colorado, and interconnects with the pipeline just east of Sterling, Colorado (the Pony Express System). TEP natural gas transportation and storage services for clients in the Rocky Mountain and Midwest regions of the United States through the Tallgrass Interstate Gas Transmission system, which is a Federal Energy Regulatory Commission (FERC)-regulated natural gas transportation and storage system located in Colorado, Kansas, Missouri, Nebraska and Wyoming (the Tallgrass Interstate Gas Transmission, LLC (TIGT) System), and a FERC-regulated natural gas pipeline system extending from the Colorado and Wyoming border to Beatrice, Nebraska (the Trailblazer Pipeline).

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