$1.80 EPS Expected for Tallgrass Energy Partners LP (TEP)

October 13, 2017 - By Peter Erickson

 $1.80 EPS Expected for Tallgrass Energy Partners LP (TEP)
Investors sentiment decreased to 1.07 in Q2 2017. Its down 0.28, from 1.35 in 2017Q1. It dropped, as 12 investors sold Tallgrass Energy Partners LP shares while 44 reduced holdings. 19 funds opened positions while 41 raised stakes. 43.67 million shares or 0.45% more from 43.48 million shares in 2017Q1 were reported.
Grp Incorporated One Trading L P stated it has 109 shares or 0% of all its holdings. Illinois-based First Trust Advsrs L P has invested 0.02% in Tallgrass Energy Partners LP (NYSE:TEP). Moreover, Spirit Of America New York has 1.45% invested in Tallgrass Energy Partners LP (NYSE:TEP) for 268,582 shares. Tiedemann Wealth Ltd Limited Liability Company holds 267,182 shares or 0.69% of its portfolio. Jennison Assoc Ltd Liability Com reported 400,820 shares. Blair William And Company Il holds 0.01% or 34,610 shares. Ftb Advsrs Inc holds 0% or 691 shares. Catawba Capital Management Va holds 0.14% or 12,440 shares in its portfolio. Glenmede Tru Na reported 0.02% stake. Oppenheimer Asset Mngmt Incorporated reported 0.02% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP). Stifel Fin Corp has invested 0.01% in Tallgrass Energy Partners LP (NYSE:TEP). Credit Suisse Ag has invested 0% in Tallgrass Energy Partners LP (NYSE:TEP). Magnetar Ltd holds 0% in Tallgrass Energy Partners LP (NYSE:TEP) or 4,500 shares. Bancorp Of America De has invested 0.02% in Tallgrass Energy Partners LP (NYSE:TEP). First Manhattan Company stated it has 0% in Tallgrass Energy Partners LP (NYSE:TEP).

Since May 10, 2017, it had 7 insider buys, and 0 selling transactions for $5.70 million activity. 5,000 shares valued at $248,750 were bought by DEHAEMERS DAVID G JR on Thursday, May 11.

Analysts expect Tallgrass Energy Partners LP (NYSE:TEP) to report $1.80 EPS on November, 1.They anticipate $1.29 EPS change or 252.94 % from last quarter’s $0.51 EPS. TEP’s profit would be $133.22M giving it 6.72 P/E if the $1.80 EPS is correct. After having $0.72 EPS previously, Tallgrass Energy Partners LP’s analysts see 150.00 % EPS growth. The stock decreased 0.41% or $0.2 during the last trading session, reaching $48.37. About 150,922 shares traded. Tallgrass Energy Partners LP (NYSE:TEP) has risen 2.55% since October 14, 2016 and is uptrending. It has underperformed by 14.15% the S&P500.

Tallgrass Energy Partners LP (NYSE:TEP) Ratings Coverage

Among 10 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Tallgrass Energy Partners LP had 30 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of TEP in report on Monday, April 24 with “Buy” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, August 4. The rating was maintained by Robert W. Baird on Tuesday, September 26 with “Buy”. The stock of Tallgrass Energy Partners LP (NYSE:TEP) has “Outperform” rating given on Thursday, February 18 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, August 2 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, January 28 by Stifel Nicolaus. Zacks downgraded Tallgrass Energy Partners LP (NYSE:TEP) on Wednesday, August 12 to “Buy” rating. Macquarie Research maintained the stock with “” rating in Monday, April 24 report. The stock of Tallgrass Energy Partners LP (NYSE:TEP) has “Equal-Weight” rating given on Friday, July 14 by Morgan Stanley. Deutsche Bank upgraded Tallgrass Energy Partners LP (NYSE:TEP) on Monday, April 18 to “Buy” rating.

Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The company has market cap of $3.58 billion. The Firm operates through three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics. It has a 21.75 P/E ratio. The Crude Oil Transportation & Logistics segment includes the ownership and operation of a Federal Energy Regulatory Commission crude oil pipeline system, and crude oil storage and terminaling facilities.

More recent Tallgrass Energy Partners LP (NYSE:TEP) news were published by: Nasdaq.com which released: “How The Parts Add Up: YMLI Targets $17” on October 12, 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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