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

October 13, 2017 - By Jacob Falcon

 EPS for Tallgrass Energy Partners LP (TEP) Expected At $1.80
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.
California Employees Retirement Systems holds 0.01% or 74,400 shares in its portfolio. Royal Commercial Bank Of Canada stated it has 0% in Tallgrass Energy Partners LP (NYSE:TEP). Ftb Advisors stated it has 691 shares or 0% of all its holdings. Jennison Limited Company owns 400,820 shares for 0.02% of their portfolio. Bancorp Of America De stated it has 1.71M shares. Northern Tru, Illinois-based fund reported 34,949 shares. Bb&T Securities Lc holds 0.02% or 26,475 shares in its portfolio. Manufacturers Life The has 2,140 shares for 0% of their portfolio. Benjamin F Edwards reported 215 shares. Goldman Sachs Gp Inc invested in 0% or 351,807 shares. Stephens Ar owns 0.03% invested in Tallgrass Energy Partners LP (NYSE:TEP) for 18,335 shares. Citigroup Inc holds 0% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP) for 44,695 shares. Endowment Mgmt L P holds 0.12% or 17,090 shares in its portfolio. Walleye Trading Ltd accumulated 3,199 shares. Green Square Capital Limited Company stated it has 5,150 shares or 0.05% of all its holdings.

Since May 10, 2017, it had 7 insider purchases, and 0 selling transactions for $5.70 million activity.

Investors wait Tallgrass Energy Partners LP (NYSE:TEP) to report on November, 1. its quarterly earnings Wall Street analysts expect $1.80 EPS, up $1.29 or 252.94 % from last year’s $0.51 same quarter earnings. This translates into $133.22M profit for TEP giving the stock a 6.72 P/E. This is assuming the current $1.80 EPS is accurate. Tallgrass Energy Partners LP’s Wall Street analysts see 150.00 % EPS growth, taking into account the $0.72 EPS reproted in the previous quarter, 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. Barclays Capital maintained it with “Equal-Weight” rating and $36 target in Thursday, February 18 report. The company was maintained on Friday, April 29 by RBC Capital Markets. The company was maintained on Tuesday, September 26 by Robert W. Baird. The firm earned “Equal-Weight” rating on Monday, May 2 by Barclays Capital. Barclays Capital downgraded the shares of TEP in report on Monday, January 11 to “Equal Weight” rating. The stock has “Hold” rating by Stifel Nicolaus on Thursday, January 28. The stock of Tallgrass Energy Partners LP (NYSE:TEP) has “Buy” rating given on Tuesday, January 5 by Stifel Nicolaus. The company was downgraded on Wednesday, August 12 by Zacks. Stifel Nicolaus maintained the shares of TEP in report on Wednesday, August 2 with “Buy” rating. RBC Capital Markets maintained Tallgrass Energy Partners LP (NYSE:TEP) on Thursday, February 18 with “Outperform” 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: Seekingalpha.com which released: “Tallgrass Energy GP LP: The Investment Thesis Remains Strong And Intact” on September 28, 2017. Also Businesswire.com published the news titled: “Tallgrass Energy Increases Quarterly Distributions and Announces Date for …” on October 10, 2017. Nasdaq.com‘s news article titled: “How The Parts Add Up: YMLI Targets $17” with publication date: October 12, 2017 was also an interesting one.

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