Somewhat Positive Media Coverage Somewhat Unlikely to Affect Tallgrass Energy Partners, (TEP) Share Price
Press coverage about Tallgrass Energy Partners, (NYSE:TEP) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tallgrass Energy Partners, earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.5003186575726 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Tallgrass Energy GP, LP (TEGP) Shares Sold by Morgan Stanley (joshnaijablog.com)
- Tallgrass Energy Partners (TEP) Acquires Powder River Oil Gathering System for $36M (streetinsider.com)
- Tallgrass Energy Partners, LP (NYSE:TEP) Reviewed By Analysts (bulhufas.com)
- Tallgrass Energy Partners LP breached its 50 day moving average in a Bearish Manner : TEP-US : August 7, 2017 (finance.yahoo.com)
- [$$] Tallgrass Acquires Oil-Gathering System From Denham-Backed Outrigger Energy (finance.yahoo.com)
Tallgrass Energy Partners, (NYSE:TEP) opened at 47.20 on Friday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 21.30 and a beta of 1.03. Tallgrass Energy Partners, has a one year low of $42.59 and a one year high of $55.50. The stock’s 50 day moving average price is $50.23 and its 200-day moving average price is $50.81.
Tallgrass Energy Partners, (NYSE:TEP) last released its earnings results on Wednesday, August 2nd. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $160.86 million during the quarter, compared to analyst estimates of $158.93 million. Tallgrass Energy Partners, had a net margin of 46.63% and a return on equity of 20.47%. Tallgrass Energy Partners,’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. Analysts forecast that Tallgrass Energy Partners, will post $3.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, July 28th will be given a $0.925 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $3.70 dividend on an annualized basis and a dividend yield of 7.84%. This is an increase from Tallgrass Energy Partners,’s previous quarterly dividend of $0.84. Tallgrass Energy Partners,’s payout ratio is currently 165.92%.
A number of research analysts have recently commented on TEP shares. Scotiabank reissued a “buy” rating and set a $56.00 price objective on shares of Tallgrass Energy Partners, in a report on Thursday, April 27th. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Tallgrass Energy Partners, in a report on Friday, April 21st. Stifel Nicolaus reissued a “buy” rating and set a $69.00 price objective on shares of Tallgrass Energy Partners, in a report on Friday, July 14th. Barclays PLC increased their price objective on Tallgrass Energy Partners, from $58.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $59.00 price objective (up previously from $57.00) on shares of Tallgrass Energy Partners, in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Tallgrass Energy Partners, currently has a consensus rating of “Hold” and an average target price of $60.50.
In other Tallgrass Energy Partners, news, insider David G. Dehaemers, Jr. purchased 4,021 shares of the stock in a transaction on Tuesday, June 6th. The shares were purchased at an average price of $47.30 per share, with a total value of $190,193.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David G. Dehaemers, Jr. purchased 15,470 shares of the stock in a transaction on Thursday, June 1st. The shares were acquired at an average cost of $49.61 per share, for a total transaction of $767,466.70. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 60,274 shares of company stock worth $2,861,796.
Tallgrass Energy Partners, Company Profile
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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