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 highest price target was 72, implying a possible profit of 40.73 percent. The minimum price target given was 52, which equates to a potential downside of 1.64 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -6.48 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.47 percent. 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. Also over the last month, 2 analysts increased their estimates for the FY 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. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. 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 P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.