Q4 2017 Earnings Estimate for Tallgrass Energy Partners LP (TEP) Issued By US Capital Advisors

Tallgrass Energy Partners LP (NYSE:TEP) – Investment analysts at US Capital Advisors reduced their Q4 2017 earnings per share (EPS) estimates for Tallgrass Energy Partners in a research note issued on Thursday. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.65 per share for the quarter, down from their prior forecast of $0.68. US Capital Advisors currently has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Tallgrass Energy Partners’ Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.06 EPS and FY2019 earnings at $2.46 EPS.

Several other research firms have also recently commented on TEP. Stifel Nicolaus reiterated a “buy” rating and set a $64.00 target price on shares of Tallgrass Energy Partners in a research note on Thursday, October 12th. ValuEngine raised Tallgrass Energy Partners from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research lowered Tallgrass Energy Partners from a “buy” rating to a “hold” rating in a research report on Saturday, October 14th. Barclays reissued a “hold” rating and set a $55.00 price target on shares of Tallgrass Energy Partners in a research report on Thursday, October 19th. Finally, Credit Suisse Group began coverage on Tallgrass Energy Partners in a research report on Thursday. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.11.

Tallgrass Energy Partners (NYSE TEP) opened at $44.64 on Friday. The firm has a market capitalization of $3,320.00, a P/E ratio of 11.94 and a beta of 1.01. Tallgrass Energy Partners has a fifty-two week low of $41.13 and a fifty-two week high of $55.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.55 and a quick ratio of 0.50.

In related news, CEO David G. Dehaemers, Jr. purchased 1,688 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $44.99 per share, for a total transaction of $75,943.12. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David G. Dehaemers, Jr. purchased 11,350 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of $43.14 per share, with a total value of $489,639.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 86,719 shares of company stock valued at $3,753,147.

A number of institutional investors have recently made changes to their positions in the stock. CNH Partners LLC lifted its stake in Tallgrass Energy Partners by 0.9% in the 2nd quarter. CNH Partners LLC now owns 11,360 shares of the pipeline company’s stock worth $569,000 after acquiring an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Tallgrass Energy Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,140 shares of the pipeline company’s stock worth $107,000 after purchasing an additional 143 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Tallgrass Energy Partners by 1.9% during the 2nd quarter. Stephens Inc. AR now owns 18,335 shares of the pipeline company’s stock worth $918,000 after purchasing an additional 339 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Tallgrass Energy Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 9,988 shares of the pipeline company’s stock worth $500,000 after purchasing an additional 559 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Tallgrass Energy Partners by 3.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,627 shares of the pipeline company’s stock worth $983,000 after purchasing an additional 600 shares in the last quarter. 62.09% of the stock is owned by hedge funds and other institutional investors.

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About Tallgrass Energy Partners

Tallgrass Energy Partners, LP 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.

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