Out of 13 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 10 rate it “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Tallgrass Energy Partners LP was the topic in 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Below is a list of Tallgrass Energy Partners LP (NYSE:TEP) latest ratings and price target changes.
18/02/2016 Broker: Credit Suisse Rating: Outperform Old Target: $63.00 New Target: $54.00 Target Down
18/02/2016 Broker: RBC Capital Markets Rating: Outperform Old Target: $48.00 New Target: $40.00 Maintain
18/02/2016 Broker: Barclays Capital Rating: Equal-Weight Old Target: $42.00 New Target: $36.00 Maintain
28/01/2016 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Downgrade
11/01/2016 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal Weight Old Target: $56 New Target: $42 Downgrade
05/01/2016 Broker: Stifel Nicolaus Rating: Buy Old Target: $57.0 New Target: $52.0 Maintain
20/10/2015 Broker: Deutsche Bank Rating: Old Target: $53.00 New Target: $51.00 Target Down
20/10/2015 Broker: Robert W. Baird Rating: Outperform Old Target: $60.00 New Target: $63.00 Target Up
The stock increased 0.53% or $0.2 on April 13, hitting $38.29. About 182,968 shares traded hands. Tallgrass Energy Partners LP (NYSE:TEP) has declined 20.43% since September 4, 2015 and is downtrending. It has underperformed by 27.74% the S&P500.
Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The company has a market cap of $2.72 billion. The Firm provides natural gas transportation and storage services for clients in the Rocky Mountain and Midwest regions of the United States through Tallgrass Interstate Gas Transmission system and the Trailblazer Pipeline. It has 19.98 P/E ratio.
The institutional sentiment decreased to 0.94 in 2015 Q3. Its down 0.48, from 1.42 in 2015Q2. The ratio fall, as 22 funds sold all Tallgrass Energy Partners LP shares owned while 28 reduced positions. 21 funds bought stakes while 26 increased positions. They now own 28.32 million shares or 5.93% more from 26.73 million shares in 2015Q2.
Rr Advisors Llc holds 8.98% of its portfolio in Tallgrass Energy Partners LP for 1.41 million shares. Yorkville Capital Management Llc owns 153,973 shares or 6.04% of their US portfolio. Moreover, Oxbow Advisors Llc has 4.31% invested in the company for 526,170 shares. The Texas-based Salient Capital Advisors Llc has invested 2.64% in the stock. Argyll Research Llc, a Delaware-based fund reported 325,000 shares.
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