Breaking Finance News

Zacks Investment Research downgraded Tallgrass Energy GP LP (NYSE:TEGP) to Strong Sell in a report released today.

Having a price of $23.87, Tallgrass Energy GP LP (NYSE:TEGP) traded 0.00% even on the day. With the last close up 8.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. TEGP has recorded a 50-day moving average of $23.89 and a 200-day moving average of $22.24. 340,580 shares of TEGP traded hands, up from an avg. volume of 175,564

Zacks Investment Research has downgraded Tallgrass Energy GP LP (NYSE:TEGP) to Strong Sell in a report released on 9/28/2016.

Previously on 05/19/2016, Credit Suisse released a statement about Tallgrass Energy GP LP (NYSE:TEGP) increased the target price from $25.00 to $28.00. At the time, this indicated a possible upside of 0.16%.

Recent Performance Chart

Tallgrass Energy GP LP (NYSE:TEGP)

Tallgrass Energy GP LP has 52 week low of $9.66 and a 52 week high of $26.81 with a P/E ratio of 34.65 and has a market cap of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $24.87 with two equity analysts rating the company a strong buy, three equity analysts rating the company a buy, ten equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

General Company Details For Tallgrass Energy GP LP (NYSE:TEGP)

Tallgrass Energy GP, LP is a limited partnership company. The Company, through Tallgrass Energy Partners, LP (TEP), provides crude oil transportation to customers in Wyoming, Colorado, and the surrounding regions through Pony Express. Its business segments include Crude Oil Transportation & Logistics Segment, which is engaged in the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics Segment, which is engaged in ownership and operation of FERC-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics Segment, which is engaged in 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 liquids (NGL). The Company, through TEP, owns and operates natural gas processing plants in Casper and Douglas.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.