EPS for Tallgrass Energy GP LP (TEGP) Expected At $0.36

October 13, 2017 - By Michael Collier

 EPS for Tallgrass Energy GP LP (TEGP) Expected At $0.36

Investors wait Tallgrass Energy GP LP (NYSE:TEGP) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.36 EPS, up $0.21 or 140.00 % from last year’s $0.15 same quarter earnings. This translates into $56.50M profit for TEGP giving the stock a 19.42 P/E. This is assuming the current $0.36 EPS is accurate. Tallgrass Energy GP LP’s Wall Street analysts see 140.00 % EPS growth, taking into account the $0.15 EPS reproted in the previous quarter, About 163,661 shares traded. Tallgrass Energy GP LP (NYSE:TEGP) has risen 5.26% since October 14, 2016 and is uptrending. It has underperformed by 11.44% the S&P500.

Tallgrass Energy GP LP (NYSE:TEGP) Ratings Coverage

Among 10 analysts covering Tallgrass Energy GP (NYSE:TEGP), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Tallgrass Energy GP had 31 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 21 report. The stock of Tallgrass Energy GP LP (NYSE:TEGP) has “Hold” rating given on Sunday, July 30 by RBC Capital Markets. The rating was upgraded by Stifel Nicolaus to “Buy” on Monday, May 2. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, August 22. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, January 28. The stock of Tallgrass Energy GP LP (NYSE:TEGP) has “Sell” rating given on Thursday, December 15 by Goldman Sachs. RBC Capital Markets maintained Tallgrass Energy GP LP (NYSE:TEGP) on Monday, October 9 with “Hold” rating. Stifel Nicolaus maintained the shares of TEGP in report on Thursday, November 5 with “Buy” rating. The stock of Tallgrass Energy GP LP (NYSE:TEGP) has “Buy” rating given on Tuesday, January 5 by Stifel Nicolaus. Morgan Stanley maintained it with “Equal-Weight” rating and $29 target in Friday, July 14 report.

Tallgrass Energy GP, LP is a limited partnership company, which includes the activities of Tallgrass Equity, LLC , Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP’s subsidiaries. The company has market cap of $4.39 billion. TEP owns, operates, acquires and develops midstream energy assets in North America. It has a 41.64 P/E ratio.

More recent Tallgrass Energy GP LP (NYSE:TEGP) news were published by: Seekingalpha.com which released: “Tallgrass Energy GP, LP: 30%+ Distribution Growth This Year With No K-1 Hassle” on March 14, 2017. Also Businesswire.com published the news titled: “Tallgrass Energy Increases Quarterly Distributions and Announces Date for …” on October 10, 2017. Seekingalpha.com‘s news article titled: “Tallgrass Energy GP LP: The Investment Thesis Remains Strong And Intact” with publication date: September 28, 2017 was also an interesting one.

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