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.

A number of analysts gave price targets for TEP. The most optimistic analyst gave a price target of 72, which equates to a potential upside of 40.73 percent. The minimum price target given was 52, implying a possible loss 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. The average change in earnings estimates over the last 90 days is -3.47 percent. Meanwhile, fiscal year estimates have been revised upwards by 9.28 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 10.77 percent.

Another thing investors often look at is the level of agreement among analysts' 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, compared to 3 analysts that revised their FY estimates downwards.

TEP has an estimated earnings growth rate of 58.51 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, 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. TEP has a PEG ratio of 0.36.

TEP has a 52-week high of 55.50 and a 52-week low of 42.59. The current market price is above the trailing year's low by 20.12 percent, and below the high by 7.82 percent. 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 market cap of TEP is $3.68 billion. TEP's next earnings release will be on 0000-00-00, which is days away.