Is there a Bearish outlook for Tallgrass Energy Partners, LP (NYSE:TEP) this week?

May 18, 2018 - By Louis Casey

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.10, from 1.21 in 2017Q3. It dived, as 16 investors sold Tallgrass Energy Partners, LP shares while 41 reduced holdings. 19 funds opened positions while 44 raised stakes. 42.76 million shares or 1.73% less from 43.51 million shares in 2017Q3 were reported.
Advantus Management stated it has 0.04% in Tallgrass Energy Partners, LP (NYSE:TEP). First Manhattan reported 3,726 shares. Moreover, Van Eck Assoc Corp has 0% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Kayne Anderson Cap L P holds 3.35M shares. Weiss Multi owns 40,164 shares or 0.05% of their US portfolio. Moreover, Brown Advisory has 0% invested in Tallgrass Energy Partners, LP (NYSE:TEP) for 10,572 shares. Cushing Asset Mngmt L P invested in 0.76% or 550,000 shares. Bank Of Ny Mellon Corporation holds 0% or 7,683 shares. Peak6 Investments Lp holds 8,920 shares. Oxbow Advisors Lc, Texas-based fund reported 547,113 shares. 133,287 are held by Fort Washington Investment Oh. Moreover, Solaris Asset Mgmt Lc has 0.01% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Raymond James Fincl Svcs Advsrs reported 18,807 shares or 0.01% of all its holdings. Bb&T Secs Ltd Liability Corp has 25,650 shares for 0.02% of their portfolio. Advsr Asset Mgmt Inc has invested 0% in Tallgrass Energy Partners, LP (NYSE:TEP).

Tallgrass Energy Partners, LP (NYSE:TEP) Ratings Coverage

Among 9 analysts covering Tallgrass Energy (NYSE:TEP), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Tallgrass Energy had 21 analyst reports since December 4, 2017 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, February 9. The stock of Tallgrass Energy Partners, LP (NYSE:TEP) has “Buy” rating given on Wednesday, February 14 by Stifel Nicolaus. The firm earned “Equal-Weight” rating on Wednesday, March 28 by Morgan Stanley. On Thursday, February 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Overweight” rating by Barclays Capital on Monday, February 12. The firm has “Buy” rating by Robert W. Baird given on Thursday, February 8. On Thursday, April 5 the stock rating was maintained by Robert W. Baird with “Buy”. Robert W. Baird maintained Tallgrass Energy Partners, LP (NYSE:TEP) on Thursday, February 15 with “Buy” rating. The company was maintained on Monday, January 29 by Scotia Capital. The company was downgraded on Thursday, January 4 by U.S. Capital Advisors. Below is a list of Tallgrass Energy Partners, LP (NYSE:TEP) latest ratings and price target changes.

17/05/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
05/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $50.0000 Maintain
28/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $48 New Target: $42 Maintain
28/03/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Downgrade
27/03/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $51 New Target: $41 Maintain
27/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $44.0 Maintain
15/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $56.0 Maintain
14/02/2018 Broker: Scotia Capital Rating: Buy New Target: $50.0 Maintain
14/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $48.0 Maintain
14/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $45.0 Maintain

The stock increased 0.51% or $0.22 during the last trading session, reaching $43.47. About 113,281 shares traded. Tallgrass Energy Partners, LP (NYSE:TEP) has declined 27.73% since May 18, 2017 and is downtrending. It has underperformed by 39.28% the S&P500.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. The company has market cap of $3.22 billion. It operates in three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 11.15 P/E ratio. The Crude Oil Transportation & Logistics segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins.

More notable recent Tallgrass Energy Partners, LP (NYSE:TEP) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also Seekingalpha.com with their article: “Tallgrass Energy Partners’ (TEP) CEO David Dehaemers on Q1 2018 Results – Earnings Call Transcript” published on May 04, 2018, Seekingalpha.com published: “Energy Infrastructure Earnings Rise With Volumes” on May 07, 2018. More interesting news about Tallgrass Energy Partners, LP (NYSE:TEP) were released by: Seekingalpha.com and their article: “Verizon Could Go To $50-51 – Cramer’s Lightning Round (5/10/18)” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “MLP Monthly Report: April 2018” with publication date: April 29, 2018.

Tallgrass Energy Partners, LP (NYSE:TEP) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.