05 August, 2017
(NASDAQ:NTAP) to report earnings on August, 16.
Shares of Tallgrass Energy Partners LP (TEP) have a 200-day moving average of 49.54.
According to Zacks, analysts expect that Tallgrass Energy GP, will report full-year sales of $171.81 million for the current year, with estimates ranging from $610.64 million to $735.80 million. After $0.72 actual earnings per share reported by NetApp Inc. for the previous quarter, Wall Street now forecasts -40.28% negative EPS growth. The firm had revenue of $144.40 million during the quarter, compared to the consensus estimate of $160.56 million.
TEGP has been the topic of a number of research reports. Royal Bank Of Canada reissued a "hold" rating and set a $30.00 price target on shares of Tallgrass Energy GP, in a research report on Monday. Mitsubishi UFJ Financial Group reaffirmed a neutral rating and issued a $32.00 price target on shares of Tallgrass Energy GP, in a research note on Thursday, April 20th.
04/20/2017 - Macquarie began new coverage on Tallgrass Energy GP, LP giving the company a "outperform" rating. They use historic price data to observe stock price patterns to predict the direction of that price going forward. On Thursday, January 28 the stock rating was downgraded by Stifel Nicolaus to "Hold". The firm has "Hold" rating by Stifel Nicolaus given on Wednesday, December 21. On May 3 Citigroup kept the stock rating at "Buy" but moved down the price target from $57.50 to $46.00. About shares traded. NetApp Inc. Ivory Investment Management Lp acquired 313,348 shares as Apple Inc (AAPL)'s stock rose 12.78%. The stock has a 50 day moving average of $25.02 and a 200-day moving average of $26.76. The firm has a market capitalization of $1.50 billion, a P/E ratio of 42.47 and a beta of 2.17.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. The dividend will be $0.343 per share for the quarter or $1.37 on an annualized basis. Tallgrass Energy Partners LP (TEP) has a 14-day RSI of 48.84, the 7-day is at 38.59, and the 3-day is resting at 24.05. The ex-dividend date will be on Wednesday the 26th of July 2017. This dividend amount will represent a yeild of $5.31. Tallgrass Energy Partners, 's payout ratio is now 165.92%. They now have a Dollars 30 price target on the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. This may seem highly obvious to anybody looking to get into the stock market. The disclosure for this purchase can be found here. These numbers are then crunched to create theoretical valuations of companies. Scotiabank restated a "hold" rating and set a $28.00 price target on shares of Tallgrass Energy GP, in a report on Thursday, April 27th. Accern also gave media coverage about the pipeline company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. Tallgrass Energy Partners, earned a news impact score of 0.27 on Accern's scale. Bank of Montreal Can now owns 22,158 shares of the pipeline company's stock valued at $637,000 after buying an additional 126 shares in the last quarter. The Ivory Investment Management Lp holds 1.68M shares with $195.15M value, up from 1.37M last quarter. Bank of New York Mellon Corp boosted its position in Tallgrass Energy GP, by 1.2% in the first quarter. US Bancorp DE now owns 30,798 shares of the pipeline company's stock valued at $886,000 after buying an additional 28,849 shares in the last quarter. Advisors Asset Management Inc. increased its position in Tallgrass Energy Partners, by 44.7% in the first quarter. Heronetta Management L.P. now owns 43,100 shares of the pipeline company's stock valued at $1,240,000 after buying an additional 700 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & global copyright & trademark legislation. Tallgrass Equity's assets consist of the direct and indirect partnership interests in TEP, which owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics. The Crude Oil Transportation & Logistics segment includes the ownership and operation of a Federal Energy Regulatory Commission (FERC) crude oil pipeline system, and crude oil storage and terminaling facilities.
