Should Investors Be Selling Tallgrass Energy Partners (TEP) Stock Following Today’s RBC Capital Downgrade?

May 17, 2018 - By Ash Ash

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.10, from 1.21 in 2017Q3. It turned negative, as 16 investors sold Tallgrass Energy Partners, LP shares while 41 reduced holdings. 19 funds opened positions while 44 raised stakes. 42.76 million shares or 1.73% less from 43.51 million shares in 2017Q3 were reported.

Blackstone Gru Limited Partnership owns 0.34% invested in Tallgrass Energy Partners, LP (NYSE:TEP) for 1.84 million shares. Deutsche Retail Bank Ag invested in 36,290 shares. Oakworth Cap owns 0% invested in Tallgrass Energy Partners, LP (NYSE:TEP) for 342 shares. Castleark Mngmt Ltd Liability, Illinois-based fund reported 54,603 shares. Tiedemann Wealth Mgmt Ltd Liability Co has invested 0.08% in Tallgrass Energy Partners, LP (NYSE:TEP). Cadence Cap holds 0.35% or 121,608 shares in its portfolio. State Street accumulated 5,750 shares. Retail Bank Of America Corporation De holds 1.91 million shares or 0.01% of its portfolio. Sg Americas Secs Llc owns 42,395 shares. Gsa Prns Limited Liability Partnership reported 26,212 shares. Fincl Bank Of Montreal Can has 0% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Glenmede Trust Na holds 47,509 shares or 0.01% of its portfolio. Envestnet Asset Mgmt reported 808 shares stake. X Mgmt Limited Co owns 0.49% invested in Tallgrass Energy Partners, LP (NYSE:TEP) for 472,544 shares. Heronetta Mngmt L P has 2.7% invested in Tallgrass Energy Partners, LP (NYSE:TEP) for 110,100 shares.

Tallgrass Energy Partners (TEP) Receives a Downgrade

The old rating for Tallgrass Energy Partners (TEP) shares of a Outperform has been discontinued, as analysts at RBC Capital lowered the current rating for Tallgrass Energy Partners (TEP) shares to a Sector Perform.

The stock increased 0.59% or $0.255 during the last trading session, reaching $43.275. About 233,136 shares traded. Tallgrass Energy Partners, LP (TEP) has declined 27.73% since May 17, 2017 and is downtrending. It has underperformed by 39.28% the S&P500.

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on August, 1. They expect $0.56 EPS, down 22.22 % or $0.16 from last year’s $0.72 per share. TEP’s profit will be $41.46M for 19.32 P/E if the $0.56 EPS becomes a reality. After $0.91 actual EPS reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -38.46 % negative EPS growth.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. The company has market cap of $3.20 billion. It operates in three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 11.1 P/E ratio. The Crude Oil Transportation & Logistics segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins.

More notable recent Tallgrass Energy Partners, LP (NYSE:TEP) news were published by: Seekingalpha.com which released: “Verizon Could Go To $50-51 – Cramer’s Lightning Round (5/10/18)” on May 11, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018, Seekingalpha.com published: “MLP Monthly Report: April 2018” on April 29, 2018. More interesting news about Tallgrass Energy Partners, LP (NYSE:TEP) were released by: Seekingalpha.com and their article: “Tallgrass Energy Partners’ (TEP) CEO David Dehaemers on Q1 2018 Results – Earnings Call Transcript” published on May 04, 2018 as well as Businesswire.com‘s news article titled: “Tallgrass Energy Reports Strong First Quarter 2018 Results” with publication date: May 03, 2018.

Tallgrass Energy Partners, LP (NYSE:TEP) Institutional Positions Chart

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




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: