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.

TEP was given price targets by several analysts. The most optimistic price target was 72, implying potential capital gains of 40.73 percent. The lowest price target was 52, implying a possible loss of 1.64 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain 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. If we look at the last 90 days instead, we find a net average change of 10.77 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of TEP to grow at a rate of 58.51 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of TEP is 0.36.

In the last 52-weeks, TEP has achieved a high of 55.50 and a low of 42.59. Currently the stock is 20.12 percent higher than its low, 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 stock has a market capitalization of $3.68 billion. TEP will post this quarters earnings in days, on 0000-00-00.