Brokerages Set Tallgrass Energy Partners LP (TEP) PT at $44.17

Shares of Tallgrass Energy Partners LP (NYSE:TEP) have been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $44.17.

Separately, Barclays set a $26.00 price target on shares of Tallgrass Energy Partners and gave the company a “hold” rating in a report on Thursday, August 16th.

Shares of TEP stock remained flat at $$43.31 on Monday. Tallgrass Energy Partners has a fifty-two week low of $34.37 and a fifty-two week high of $52.84.

Several hedge funds have recently made changes to their positions in TEP. Ladenburg Thalmann Financial Services Inc. lifted its position in Tallgrass Energy Partners by 59.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,020 shares of the pipeline company’s stock valued at $153,000 after acquiring an additional 1,500 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Tallgrass Energy Partners in the 1st quarter valued at $154,000. Baldwin Brothers Inc. MA bought a new stake in Tallgrass Energy Partners in the 2nd quarter valued at $197,000. Vishria Bird Financial Group LLC bought a new stake in Tallgrass Energy Partners in the 2nd quarter valued at $357,000. Finally, HRT Financial LLC bought a new stake in Tallgrass Energy Partners in the 2nd quarter valued at $495,000. 57.01% of the stock is owned by institutional investors.

Tallgrass Energy Partners Company Profile

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. It operates through Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling segments. The Natural Gas Transportation segment engages in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities with approximately 4,641 miles of transportation pipelines in Wyoming, Colorado, Kansas, Missouri, and Nebraska.

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Analyst Recommendations for Tallgrass Energy Partners (NYSE:TEP)

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