NYSE:TEGP - Tallgrass Energy GP Stock Price, Price Target & More

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$22.16 -0.39 (-1.73 %)
(As of 07/22/2018 04:00 PM ET)
Previous Close$22.16
Today's Range$22.09 - $22.70
52-Week Range$17.14 - $28.94
Volume2.88 million shs
Average Volume1.75 million shs
Market Capitalization$4.10 billion
P/E Ratio29.16
Dividend Yield8.80%
Tallgrass Energy GP logoTallgrass Energy GP, LP, through its interests in Tallgrass Equity, LLC, provides crude oil transportation services to customers in Wyoming, Colorado, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling. It also provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for customers in Wyoming; and natural gas liquids (NGLs) transportation services in Northeast Colorado and Wyoming. In addition, the company offers water business services, including freshwater transportation, and produced water gathering and disposal in Colorado, Texas, and Wyoming; crude oil storage and terminalling services in Colorado; and marketing services for NGLs and crude oil. Tallgrass Energy GP, LP was founded in 2013 and is based in Leawood, Kansas.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Natural gas transmission


Debt-to-Equity Ratio1.08
Current Ratio0.63
Quick Ratio0.52


Trailing P/E Ratio29.16
Forward P/E Ratio19.61
P/E GrowthN/A

Sales & Book Value

Annual Sales$655.90 million
Price / Sales6.24
Cash Flow$0.9075 per share
Price / Cash24.42
Book Value$10.95 per share
Price / Book2.02


EPS (Most Recent Fiscal Year)$0.76
Net Income$-128,720,000.00
Net Margins-17.96%
Return on Equity2.54%
Return on Assets1.09%


Outstanding Shares184,790,000
Market Cap$4,095.03

Tallgrass Energy GP (NYSE:TEGP) Frequently Asked Questions

What is Tallgrass Energy GP's stock symbol?

Tallgrass Energy GP trades on the New York Stock Exchange (NYSE) under the ticker symbol "TEGP."

How often does Tallgrass Energy GP pay dividends? What is the dividend yield for Tallgrass Energy GP?

Tallgrass Energy GP announced a quarterly dividend on Monday, March 26th. Investors of record on Monday, April 30th will be paid a dividend of $0.488 per share on Tuesday, May 15th. This represents a $1.95 annualized dividend and a yield of 8.81%. The ex-dividend date of this dividend is Friday, April 27th. This is a boost from Tallgrass Energy GP's previous quarterly dividend of $0.37. View Tallgrass Energy GP's Dividend History.

How were Tallgrass Energy GP's earnings last quarter?

Tallgrass Energy GP LP (NYSE:TEGP) released its quarterly earnings results on Thursday, May, 3rd. The pipeline company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The pipeline company had revenue of $179.09 million for the quarter. Tallgrass Energy GP had a negative net margin of 17.96% and a positive return on equity of 2.54%. View Tallgrass Energy GP's Earnings History.

When is Tallgrass Energy GP's next earnings date?

Tallgrass Energy GP is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Tallgrass Energy GP.

What price target have analysts set for TEGP?

8 brokerages have issued twelve-month price targets for Tallgrass Energy GP's stock. Their forecasts range from $21.00 to $30.00. On average, they anticipate Tallgrass Energy GP's stock price to reach $24.6250 in the next year. This suggests a possible upside of 11.1% from the stock's current price. View Analyst Ratings for Tallgrass Energy GP.

What is the consensus analysts' recommendation for Tallgrass Energy GP?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tallgrass Energy GP in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Are investors shorting Tallgrass Energy GP?

Tallgrass Energy GP saw a increase in short interest in June. As of June 29th, there was short interest totalling 9,950,005 shares, an increase of 170.3% from the June 15th total of 3,680,840 shares. Based on an average trading volume of 2,947,994 shares, the days-to-cover ratio is currently 3.4 days. View Tallgrass Energy GP's Current Options Chain.

Who are some of Tallgrass Energy GP's key competitors?

Who are Tallgrass Energy GP's key executives?

Tallgrass Energy GP's management team includes the folowing people:
  • Mr. David G. Dehaemers Jr., Pres, CEO & Director of TEGP Management, LLC (Age 57)
  • Mr. Gary J. Brauchle, Exec. VP & CFO of TEGP Management, LLC (Age 44)
  • Mr. William R. Moler, Exec. VP, COO & Director of TEGP Management, LLC (Age 52)
  • Mr. Gary D. Watkins, VP & Chief Accounting Officer of TEGP Management, LLC (Age 46)
  • Mr. Christopher R. Jones, Exec. VP, Gen. Counsel & Sec. of TEGP Management, LLC (Age 41)

When did Tallgrass Energy GP IPO?

(TEGP) raised $900 million in an IPO on Thursday, May 7th 2015. The company issued 35,300,000 shares at $24.00-$27.00 per share. Citigroup and Goldman Sachs acted as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank Securities, Morgan Stanley, RBC Capital Markets, Wells Fargo Securities, Baird, Scotia Howard Weil, Stifel, Tudor, Pickering, Holt and U.S. Capital Advisors were co-managers.

Has Tallgrass Energy GP been receiving favorable news coverage?

Press coverage about TEGP stock has trended somewhat negative recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tallgrass Energy GP earned a news sentiment score of -0.02 on Accern's scale. They also gave headlines about the pipeline company an impact score of 46.89 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Tallgrass Energy GP's major shareholders?

Tallgrass Energy GP's stock is owned by many different of institutional and retail investors. Top institutional investors include Clinton Group Inc. (0.02%). Company insiders that own Tallgrass Energy GP stock include David G Dehaemers Jr, Jeffrey A Ball, John T Raymond, Kelso Gp Viii, Llc, Tallgrass Energy Holdings, Llc and Thomas A Gerke. View Institutional Ownership Trends for Tallgrass Energy GP.

Which major investors are selling Tallgrass Energy GP stock?

TEGP stock was sold by a variety of institutional investors in the last quarter, including Clinton Group Inc.. View Insider Buying and Selling for Tallgrass Energy GP.

How do I buy shares of Tallgrass Energy GP?

Shares of TEGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tallgrass Energy GP's stock price today?

One share of TEGP stock can currently be purchased for approximately $22.16.

How big of a company is Tallgrass Energy GP?

Tallgrass Energy GP has a market capitalization of $4.10 billion and generates $655.90 million in revenue each year. The pipeline company earns $-128,720,000.00 in net income (profit) each year or $0.76 on an earnings per share basis.

How can I contact Tallgrass Energy GP?

Tallgrass Energy GP's mailing address is 4200 W. 115TH STREET SUITE 350, LEAWOOD KS, 66211. The pipeline company can be reached via phone at 913-928-6060 or via email at [email protected]

MarketBeat Community Rating for Tallgrass Energy GP (NYSE TEGP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  243 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  471
MarketBeat's community ratings are surveys of what our community members think about Tallgrass Energy GP and other stocks. Vote "Outperform" if you believe TEGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TEGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/22/2018 by MarketBeat.com Staff

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