Analyst Ratings for Tallgrass Energy Partners LP (TEP)

Updated: 2017-07-29

Shares of Tallgrass Energy Partners LP (NYSE:TEP) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, TEP was issued an average rating of Overweight.

7 analysts declared TEP a buy, 3 issued an overweight rating, 6 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Several price targets were given for TEP by the analysts covering the stock. The highest price target was 72, which equates to a potential upside of 40.73 percent. The most pessimistic analyst gave a price target of 52, which equates to a potential downside of 1.64 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -6.48 percent. That number becomes -3.47 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 9.28 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 10.77 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 3 analysts decreased their estimates.

TEP has an estimated earnings growth rate of 58.51 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. TEP has a PEG ratio of 0.36.

TEP has traded between a high of 55.50 and a low of 42.59 over the past year. The current market price is above the trailing year's low by 20.12 percent, and 7.82 percent lower than its 52-week high. TEP has a price/earnings ratio of 21.05. Investors typically compare the P/E ratio to a company's peers in the industry. The TEP value stock report compares TEP to some of its peers using value stock charts. The market cap of TEP is $3.68 billion. TEP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.