Tallgrass Energy Partners LP (NYSE:TEP) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Boasting a price of $47.69, Tallgrass Energy Partners LP (NYSE:TEP) traded 0.06% higher on the day. With the last stock price close up 6.25% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Tallgrass Energy Partners LP has recorded a 50-day average of $46.93 and a two hundred day average of $44.88. Volume of trade was down over the average, with 169,578 shares of TEP changing hands under the typical 240,552
Zacks Investment Research has downgraded Tallgrass Energy Partners LP (NYSE:TEP) to Strong Sell in a statement released on 10/13/2016.
On 05/19/2016, Credit Suisse released a statement for Tallgrass Energy Partners LP (NYSE:TEP) bumped up the target price from $54.00 to $60.00 that suggested an upside of 0.23%.
With a total market value of $0, Tallgrass Energy Partners LP has PE ratio of 21.58 with a one year low of $25.82 and a one year high of $50.78 .
A total of 14 brokerages have issued a ratings update on Tallgrass Energy Partners LP. Five brokerages rating the company a strong buy, 5 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $51.36.
General Information About Tallgrass Energy Partners LP (NYSE:TEP)
Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the oil and gas exploration and production industry and the transportation of natural gas liquid (NGLs). The Company provides crude oil transportation to customers in Wyoming, Colorado, and the surrounding regions through its interests in Tallgrass Pony Express Pipeline, LLC.
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