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, implying potential capital losses of 1.64 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts made negative revisions. 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. 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.

In the trailing 52-weeks, TEP hit 55.50 at the highest peak, while it's lowest trading point was 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 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.