Tallgrass Energy GP (TEGP) Earning Somewhat Favorable Media Coverage, Report Finds

Media coverage about Tallgrass Energy GP (NYSE:TEGP) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tallgrass Energy GP earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.7010299408767 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Tallgrass Energy GP (TEGP) opened at $23.78 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.55. The stock has a market capitalization of $3,679.17, a P/E ratio of 29.73, a P/E/G ratio of 2.82 and a beta of 1.75. Tallgrass Energy GP has a 52-week low of $21.79 and a 52-week high of $29.50.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a dividend of $0.3675 per share. This is a positive change from Tallgrass Energy GP’s previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Tuesday, January 30th. Tallgrass Energy GP’s dividend payout ratio is currently 183.75%.

A number of equities analysts have issued reports on the company. Barclays reaffirmed a “buy” rating and issued a $34.00 target price on shares of Tallgrass Energy GP in a research report on Thursday, October 19th. BidaskClub lowered Tallgrass Energy GP from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Credit Suisse Group assumed coverage on Tallgrass Energy GP in a research report on Thursday, January 4th. They issued an “underperform” rating and a $21.00 target price on the stock. Zacks Investment Research lowered Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 target price on shares of Tallgrass Energy GP in a research report on Sunday, October 29th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.00.

TRADEMARK VIOLATION NOTICE: “Tallgrass Energy GP (TEGP) Earning Somewhat Favorable Media Coverage, Report Finds” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://sportsperspectives.com/2018/02/08/tallgrass-energy-gp-tegp-earning-somewhat-favorable-media-coverage-report-finds.html.

About Tallgrass Energy GP

Tallgrass Energy GP, LP is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP’s subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP’s segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.

Insider Buying and Selling by Quarter for Tallgrass Energy GP (NYSE:TEGP)

Receive News & Ratings for Tallgrass Energy GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tallgrass Energy GP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply