Tallgrass Energy GP, (TEGP) Given News Sentiment Rating of 0.14
Media stories about Tallgrass Energy GP, (NYSE:TEGP) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tallgrass Energy GP, earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 46.3637269693744 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price target on shares of Tallgrass Energy GP, in a research report on Friday, August 18th. Zacks Investment Research raised shares of Tallgrass Energy GP, from a “strong sell” rating to a “hold” rating in a research report on Thursday. Barclays PLC upped their price target on shares of Tallgrass Energy GP, from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $29.00 price target (up from $28.00) on shares of Tallgrass Energy GP, in a research report on Friday, July 14th. Finally, BidaskClub raised shares of Tallgrass Energy GP, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.78.
Tallgrass Energy GP, (NYSE:TEGP) opened at 27.25 on Friday. The firm has a 50-day moving average of $27.30 and a 200-day moving average of $27.30. Tallgrass Energy GP, has a one year low of $21.74 and a one year high of $29.30. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 40.31 and a beta of 2.16.
Tallgrass Energy GP, (NYSE:TEGP) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Tallgrass Energy GP, had a return on equity of 2.01% and a net margin of 5.91%. The business had revenue of $160.86 million for the quarter, compared to analyst estimates of $166.78 million. Analysts anticipate that Tallgrass Energy GP, will post $0.93 EPS for the current year.
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Tallgrass Energy GP, Company Profile
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