$0.36 EPS Expected for Tallgrass Energy GP LP (TEGP)

October 13, 2017 - By Marguerite Chambers

 $0.36 EPS Expected for Tallgrass Energy GP LP (TEGP)

Analysts await Tallgrass Energy GP LP (NYSE:TEGP) to report earnings on November, 1. They expect $0.36 EPS, up 140.00 % or $0.21 from last year’s $0.15 per share. TEGP’s profit will be $56.50M for 19.42 P/E if the $0.36 EPS becomes a reality. After $0.15 actual EPS reported by Tallgrass Energy GP LP for the previous quarter, Wall Street now forecasts 140.00 % EPS growth. About 163,661 shares traded. Tallgrass Energy GP LP (NYSE:TEGP) has risen 5.26% since October 14, 2016 and is uptrending. It has underperformed by 11.44% the S&P500.

Tallgrass Energy GP LP (NYSE:TEGP) Ratings Coverage

Among 10 analysts covering Tallgrass Energy GP (NYSE:TEGP), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Tallgrass Energy GP had 31 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird to “Outperform” on Friday, May 6. As per Thursday, December 15, the company rating was downgraded by Goldman Sachs. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 13. As per Thursday, January 28, the company rating was downgraded by Stifel Nicolaus. The company was initiated on Friday, April 21 by Macquarie Research. Barclays Capital maintained Tallgrass Energy GP LP (NYSE:TEGP) on Monday, May 2 with “Overweight” rating. The stock of Tallgrass Energy GP LP (NYSE:TEGP) earned “Buy” rating by Stifel Nicolaus on Thursday, September 21. On Monday, February 8 the stock rating was downgraded by Robert W. Baird to “Neutral”. Credit Suisse maintained the stock with “Outperform” rating in Thursday, May 19 report. Barclays Capital maintained Tallgrass Energy GP LP (NYSE:TEGP) on Friday, August 4 with “Overweight” rating.

Tallgrass Energy GP, LP is a limited partnership company, which includes the activities of Tallgrass Equity, LLC , Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP’s subsidiaries. The company has market cap of $4.39 billion. TEP owns, operates, acquires and develops midstream energy assets in North America. It has a 41.64 P/E ratio.

More recent Tallgrass Energy GP LP (NYSE:TEGP) news were published by: Seekingalpha.com which released: “Tallgrass Energy GP, LP: 30%+ Distribution Growth This Year With No K-1 Hassle” on March 14, 2017. Also Businesswire.com published the news titled: “Tallgrass Energy Increases Quarterly Distributions and Announces Date for …” on October 10, 2017. Seekingalpha.com‘s news article titled: “Tallgrass Energy GP LP: The Investment Thesis Remains Strong And Intact” with publication date: September 28, 2017 was also an interesting one.

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