Tallgrass Energy GP, LP (NYSE:TEGP)‘s stock had its “buy” rating reissued by equities research analysts at Barclays PLC in a research note issued on Thursday. They presently have a $34.00 target price on the pipeline company’s stock. Barclays PLC’s price target indicates a potential upside of 27.01% from the stock’s current price.

A number of other equities analysts have also commented on TEGP. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Tallgrass Energy GP, in a research note on Monday, July 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Tallgrass Energy GP, in a research note on Tuesday, September 26th. BidaskClub lowered Tallgrass Energy GP, from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Tallgrass Energy GP, in a research note on Friday, August 18th. Finally, Zacks Investment Research raised Tallgrass Energy GP, from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Tallgrass Energy GP, has a consensus rating of “Hold” and a consensus target price of $30.11.

Shares of Tallgrass Energy GP, (TEGP) opened at 26.77 on Thursday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 39.60 and a beta of 2.17. The company has a 50 day moving average of $27.40 and a 200-day moving average of $26.26. Tallgrass Energy GP, has a 12 month low of $21.74 and a 12 month high of $29.50.

Tallgrass Energy GP, (NYSE:TEGP) last posted its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The company had revenue of $160.86 million during the quarter, compared to analyst estimates of $166.78 million. Tallgrass Energy GP, had a return on equity of 2.01% and a net margin of 5.91%. Analysts predict that Tallgrass Energy GP, will post $0.93 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Tallgrass Energy GP, LP (TEGP) Rating Reiterated by Barclays PLC” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://theolympiareport.com/2017/10/21/tallgrass-energy-gp-lp-tegp-rating-reiterated-by-barclays-plc.html.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. lifted its stake in Tallgrass Energy GP, by 2.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,122,785 shares of the pipeline company’s stock valued at $79,412,000 after buying an additional 83,522 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Tallgrass Energy GP, by 3.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,200,216 shares of the pipeline company’s stock valued at $30,521,000 after buying an additional 34,654 shares during the period. Atlantic Trust Group LLC lifted its stake in Tallgrass Energy GP, by 15.5% in the second quarter. Atlantic Trust Group LLC now owns 898,248 shares of the pipeline company’s stock valued at $22,843,000 after buying an additional 120,352 shares during the period. Bank of America Corp DE lifted its stake in Tallgrass Energy GP, by 11.0% in the first quarter. Bank of America Corp DE now owns 670,994 shares of the pipeline company’s stock valued at $19,298,000 after buying an additional 66,266 shares during the period. Finally, Global X Management Co. LLC lifted its stake in Tallgrass Energy GP, by 67.3% in the second quarter. Global X Management Co. LLC now owns 409,973 shares of the pipeline company’s stock valued at $10,426,000 after buying an additional 164,963 shares during the period. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

Tallgrass Energy GP, Company Profile

Analyst Recommendations for Tallgrass Energy GP, (NYSE:TEGP)

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