Tallgrass Energy GP (NYSE:TEGP) has been assigned a $26.00 target price by analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 17.75% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $36.00 price objective on shares of Tallgrass Energy GP in a report on Thursday. Credit Suisse Group began coverage on Tallgrass Energy GP in a report on Thursday, January 4th. They set an “underperform” rating and a $21.00 price objective on the stock. Morgan Stanley decreased their price objective on Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. BidaskClub raised Tallgrass Energy GP from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.78.
Shares of Tallgrass Energy GP (TEGP) traded down $2.18 on Thursday, reaching $22.08. The company had a trading volume of 550,612 shares, compared to its average volume of 376,400. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3,738.92, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.86 and a beta of 1.75. Tallgrass Energy GP has a 1 year low of $21.79 and a 1 year high of $29.50.
Tallgrass Energy GP Company Profile
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.
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