Stock Mover of the Day: Can Tallgrass Energy Partners LP’s Tomorrow Be Different? The Stock Increases Again

Stock Mover of the Day: Can Tallgrass Energy Partners LP's Tomorrow Be Different? The Stock Increases Again

The stock of Tallgrass Energy Partners LP (NYSE:TEP) is a huge mover today! About 309,788 shares traded hands or 40.01% up from the average. Tallgrass Energy Partners LP (NYSE:TEP) has risen 19.93% since April 27, 2016 and is uptrending. It has outperformed by 14.70% the S&P500.
The move comes after 5 months positive chart setup for the $3.45 billion company. It was reported on Nov, 30 by Barchart.com. We have $50.22 PT which if reached, will make NYSE:TEP worth $207.00M more.

Analysts await Tallgrass Energy Partners LP (NYSE:TEP) to report earnings on February, 15. They expect $0.68 EPS, up 70.00% or $0.28 from last year’s $0.4 per share. TEP’s profit will be $49.51 million for 17.42 P/E if the $0.68 EPS becomes a reality. After $0.51 actual EPS reported by Tallgrass Energy Partners LP for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Tallgrass Energy Partners LP (NYSE:TEP) Ratings Coverage

Out of 7 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Tallgrass Energy Partners LP has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Deutsche Bank on Monday, April 18 to “Buy”. The firm has “Outperform” rating given on Thursday, February 18 by RBC Capital Markets. The company was downgraded on Wednesday, August 12 by Zacks. The company was maintained on Monday, May 2 by Barclays Capital. The stock of Tallgrass Energy Partners LP (NYSE:TEP) has “Equal-Weight” rating given on Thursday, February 18 by Barclays Capital. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, January 28 report. On Tuesday, January 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. RBC Capital Markets maintained Tallgrass Energy Partners LP (NYSE:TEP) on Friday, April 29 with “Outperform” rating. Credit Suisse maintained the shares of TEP in a report on Thursday, May 19 with “Outperform” rating. The rating was downgraded by Barclays Capital to “Equal Weight” on Monday, January 11.

According to Zacks Investment Research, “Tallgrass Energy Partners, L.P. owns, operates, acquires and develops midstream energy assets primarily in North America. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through pipelines and natural gas processing assets. Tallgrass Energy Partners, LP is based in Overland Park, Kansas.”

Insitutional Activity: The institutional sentiment increased to 1.91 in 2016 Q2. Its up 0.79, from 1.12 in 2016Q1. The ratio is positive, as 19 funds sold all Tallgrass Energy Partners LP shares owned while 30 reduced positions. 23 funds bought stakes while 32 increased positions. They now own 38.72 million shares or 17.73% more from 32.89 million shares in 2016Q1.
Commonwealth Of Pennsylvania School Empls Retrmt System has invested 0.75% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP). Fifth Third National Bank owns 844 shares or 0% of their US portfolio. Da Davidson Company holds 0% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP) for 315 shares. Virtu Financial Lc accumulated 0.08% or 12,863 shares. Moreover, Morgan Stanley has 0.05% invested in Tallgrass Energy Partners LP (NYSE:TEP) for 3.13 million shares. California Public Employees Retirement Systems owns 110,800 shares or 0.01% of their US portfolio. Tiedemann Tru Co owns 362,818 shares or 3.08% of their US portfolio. Northern Corp holds 0% or 34,762 shares in its portfolio. Rr Limited Liability Corp, a Texas-based fund reported 1.62M shares. Raymond James Svcs Advisors, a Florida-based fund reported 39,050 shares. Argyll Rech Ltd Liability Com last reported 304,624 shares in the company. Country Club Com Na accumulated 0.05% or 8,092 shares. Moreover, Spirit Of America Mngmt Corporation Ny has 1.63% invested in Tallgrass Energy Partners LP (NYSE:TEP) for 241,882 shares. The Kansas-based Tortoise Cap Advsr Lc has invested 1.82% in Tallgrass Energy Partners LP (NYSE:TEP). Walleye Trading accumulated 0% or 15,478 shares.

More important recent Tallgrass Energy Partners LP (NYSE:TEP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: EnLink Midstream Partners, Magellan Midstream and …” on October 25, 2016, also Businesswire.com published article titled: “Tallgrass Energy Partners Acquires Additional Interest in Pony Express Pipeline”, Businesswire.com published: “Tallgrass Energy Partners Acquires Redtail Water Business from Whiting and …” on December 16, 2015. More interesting news about Tallgrass Energy Partners LP (NYSE:TEP) was released by: Businesswire.com and their article: “Tallgrass Energy Partners Announces Launch of $400 Million Offering of Senior …” with publication date: August 16, 2016.

TEP Company Profile

Tallgrass Energy Partners, LP, incorporated on February 6, 2013, owns, operates, acquires and develops midstream energy assets in North America. The Firm operates through three divisions: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission (FERC)-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the gas and oil exploration and production industry and the transportation of natural gas liquid (NGLs).

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