Scotiabank Maintains $50.0 PT On Tallgrass Energy (TEP), Maintains “Buy” Rating; MFS Multimarket Income Trust (MMT) Sentiment Is 1.65

February 15, 2018 - By Darrin Black

It closed at $5.72 lastly. It is up 8.49% since February 15, 2017 and is uptrending. It has underperformed by 8.21% the S&P500.

Among 11 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Tallgrass Energy Partners LP has $6900 highest and $36 lowest target. $52.27’s average target is 29.70% above currents $40.3 stock price. Tallgrass Energy Partners LP had 47 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. Morgan Stanley maintained it with “Equal-Weight” rating and $59 target in Friday, July 14 report. The firm has “Buy” rating given on Monday, January 29 by Scotia Capital. The firm earned “Outperform” rating on Thursday, May 19 by Credit Suisse. The firm has “Outperform” rating by Macquarie Research given on Friday, April 21. Robert W. Baird maintained the stock with “Buy” rating in Monday, October 30 report. The rating was maintained by Stifel Nicolaus on Thursday, September 7 with “Buy”. Macquarie Research maintained Tallgrass Energy Partners, LP (NYSE:TEP) on Monday, April 24 with “” rating. The stock of Tallgrass Energy Partners, LP (NYSE:TEP) has “Buy” rating given on Tuesday, January 2 by Stifel Nicolaus. The firm earned “Equal-Weight” rating on Friday, February 9 by Morgan Stanley.

The stock increased 5.89% or $2.24 during the last trading session, reaching $40.3. About 1.13 million shares traded or 186.91% up from the average. Tallgrass Energy Partners, LP (NYSE:TEP) has risen 2.55% since February 15, 2017 and is uptrending. It has underperformed by 14.15% the S&P500.

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on February, 21. They expect $0.68 earnings per share, up 13.33% or $0.08 from last year’s $0.6 per share. TEP’s profit will be $50.35 million for 14.82 P/E if the $0.68 EPS becomes a reality. After $1.83 actual earnings per share reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -62.84% negative EPS growth.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.14, from 1.07 in 2017Q2. It improved, as 10 investors sold Tallgrass Energy Partners, LP shares while 42 reduced holdings. 20 funds opened positions while 43 raised stakes. 43.51 million shares or 0.36% less from 43.67 million shares in 2017Q2 were reported. Renaissance Tech Lc invested 0.01% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Alliancebernstein Limited Partnership reported 0% stake. Atwood Palmer Inc reported 100 shares. 691 are held by Ftb Advisors. Atlantic Tru owns 602,834 shares. Sg Americas Llc has 55,914 shares. Northwestern Mutual Wealth Management reported 552 shares stake. Tower Cap (Trc) invested 0% in Tallgrass Energy Partners, LP (NYSE:TEP). Wade G W And Inc invested in 7,132 shares. Fincl Ser Corp holds 0.01% or 615 shares. Diversified Tru Co holds 0.06% or 16,708 shares in its portfolio. 5,150 are held by Green Square Capital Limited Liability Company. Financial Bank Of America Corporation De, a North Carolina-based fund reported 2.11M shares. Virtu Financial Limited Liability owns 8,598 shares or 0.07% of their US portfolio. Bnp Paribas Arbitrage Sa reported 68,144 shares.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. The company has market cap of $2.98 billion. It operates in three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 10.33 P/E ratio. The Crude Oil Transportation & Logistics segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins.

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