On Jun 26, 2018 Citigroup Reconfirms Stock Buy Rating on Tallgrass Energy GP (NYSE:TEGP) and $24 Target.

June 26, 2018 - By Sarah Holford

Reiterated Tallgrass Energy GP (NYSE:TEGP) Rating.

The $24 target price on the $4.25 billion MC company given by Research analysts at Citigroup would suggest a potential upside of 4.35 %. The Tallgrass Energy GP (NYSE:TEGP)‘s stock had its Buy Rating sent to clients and investors in a report on Monday, 25 June.

Tallgrass Energy GP, LP (NYSE:TEGP) Ratings Coverage

In total 7 analysts cover Tallgrass Energy GP (NYSE:TEGP). “Buy” rating has 3, “Sell” are 1, while 3 are “Hold”. 43% are bullish. With $36.0 highest and $21 lowest PT Tallgrass Energy GP has $25 average PT or 8.70% above the current ($23) price. 15 are the (NYSE:TEGP)’s analyst reports since January 5, 2018 according to StockzIntelligence Inc. On Thursday, April 5 the rating was maintained by Robert W. Baird with “Buy”. On Thursday, February 8 Stifel Nicolaus maintained Tallgrass Energy GP, LP (NYSE:TEGP) with “Buy” rating. On Tuesday, February 27 the rating was maintained by Robert W. Baird with “Buy”. The stock rating was maintained by RBC Capital Markets with “Hold” on Wednesday, February 14. On Wednesday, February 14 the stock of Tallgrass Energy GP, LP (NYSE:TEGP) earned “Buy” rating by Stifel Nicolaus. The stock rating was maintained by Stifel Nicolaus with “Buy” on Monday, May 7. On Tuesday, January 16 RBC Capital Markets maintained Tallgrass Energy GP, LP (NYSE:TEGP) rating. RBC Capital Markets has “Hold” rating and $29.0 target. On Thursday, February 8 the firm has “Buy” rating by Robert W. Baird given. On Thursday, February 15 the company was maintained by Robert W. Baird. On Monday, February 12 Barclays Capital downgraded Tallgrass Energy GP, LP (NYSE:TEGP) to “Equal-Weight” rating.

The stock increased 1.28% or $0.29 during the last trading session, hitting $23.Tallgrass Energy GP, LP is downtrending after having declined 22.25% since June 26, 2017. TEGP has 1.13M volume or 98.68% up from normal. The stock underperformed the S&P 500 by 34.82%.

On August, 1 is awaited Tallgrass Energy GP, LP (NYSE:TEGP)’s earnings report, Zacks reports. This year’s EPS analyst estimate is awaited to be $0.33. That is 120.00 % up compareed to $0.15 EPS for last year. TEGP’s profit could hit $60.98 million if the current EPS of $0.33 is accurate. Last quarter $0.29 EPS was reported. Analysts sees 13.79 % EPS growth this quarter.

Tallgrass Energy GP, LP, through its interests in Tallgrass Equity, LLC, provides crude oil transportation services to clients in Wyoming, Colorado, and the surrounding regions of the United States.The company has $4.25 billion market cap. The firm operates through three divisions: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling.Currently it has negative earnings. It also provides natural gas transportation and storage services for clients in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for clients in Wyoming; and natural gas liquids transportation services in Northeast Colorado and Wyoming.

More recent Tallgrass Energy GP, LP (NYSE:TEGP) news were announced by Fool.com, Seekingalpha.com and Prnewswire.com. The first one has “1 High-Yield Stock to Keep an Eye On” as a title and was announced on June 04, 2018. The next is “Midstream Eases Higher” on June 25, 2018. And last was announced on June 19, 2018, called “Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index”.

Tallgrass Energy GP, LP (NYSE:TEGP) Analyst Ratings Chart

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