Tallgrass Energy GP LP (TEGP) Receives Price Target

Tallgrass Energy GP LP (TEGP) : The highest short term price target forecast on Tallgrass Energy GP LP (TEGP) is $30 and the lowest target price is $25. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $27.78 with a standard deviation of $1.56.

Tallgrass Energy GP LP (TEGP) : The consensus on Tallgrass Energy GP LP (TEGP) based on 10 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Tallgrass

Also, Equity Analysts at the Barclays maintains the rating on Tallgrass Energy GP LP (NYSE:TEGP). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $23 per share to $28 per share. The rating by the firm was issued on July 28, 2016.

Tallgrass Energy GP LP (NYSE:TEGP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.27 and $23.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.37, notching a gain of 0.43% for the day. The total traded volume was 171,477 . The stock had closed at $23.27 on the previous day.

Tallgrass Energy GP, LP (TEGP) is a limited partnership company. The Company holds indirect interests in the general partner of Tallgrass Energy Partners, LP (TEP), including all of TEPs incentive distribution rights. TEP is engaged in the transportation, storage and processing of natural gas, the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry. TEPs business segments are Natural Gas Transportation & Logistics, which includes the ownership and operation of interstate natural gas pipelines and natural gas storage facilities; Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, as well as water business services provided to the oil and gas exploration and production industry.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.