The stock of Tallgrass Energy GP LP (NYSE:TEGP) is a huge mover today! About 185,674 shares traded hands. Tallgrass Energy GP LP (NYSE:TEGP) has risen 16.05% since April 27, 2016 and is uptrending. It has outperformed by 10.83% the S&P500.
The move comes after 9 months positive chart setup for the $3.72B company. It was reported on Nov, 30 by Barchart.com. We have $25.35 PT which if reached, will make NYSE:TEGP worth $186.00 million more.
Analysts await Tallgrass Energy GP LP (NYSE:TEGP) to report earnings on February, 15. They expect $0.28 earnings per share, down 24.32% or $0.09 from last year’s $0.37 per share. TEGP’s profit will be $43.15 million for 21.55 P/E if the $0.28 EPS becomes a reality. After $0.15 actual earnings per share reported by Tallgrass Energy GP LP for the previous quarter, Wall Street now forecasts 86.67% 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. Barclays Capital maintained the shares of TEGP in a report on Monday, May 2 with “Overweight” rating. The firm earned “Buy” rating on Monday, April 18 by Deutsche Bank. The rating was upgraded by Stifel Nicolaus to “Buy” on Monday, May 2. Robert W. Baird upgraded Tallgrass Energy GP LP (NYSE:TEGP) on Tuesday, October 20 to “Outperform” rating. The rating was upgraded by Robert W. Baird on Friday, May 6 to “Outperform”. The firm has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, January 28 by Stifel Nicolaus. Barclays Capital maintained the shares of TEGP in a report on Thursday, February 18 with “Overweight” rating. Stifel Nicolaus maintained Tallgrass Energy GP LP (NYSE:TEGP) rating on Tuesday, January 5. Stifel Nicolaus has “Buy” rating and $25.0 price target. The stock has “Neutral” rating given by Robert W. Baird on Monday, February 8.
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 important recent Tallgrass Energy GP LP (NYSE:TEGP) news were published by: Wsj.com which released: “Tallgrass Energy GP LP IPO Prices at $29 a Share” on May 06, 2015, also Marketwatch.com published article titled: “Tallgrass Energy GP LP Cl A”, Businesswire.com published: “Tallgrass Energy GP, LP Files Shelf Registration Statement” on June 02, 2016. More interesting news about Tallgrass Energy GP LP (NYSE:TEGP) was released by: Businesswire.com and their article: “Tallgrass Energy GP, LP Appoints New Board Member” with publication date: May 09, 2016.
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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