Tallgrass Energy Partners LP Company Profile (NYSE:TEP)

About Tallgrass Energy Partners LP

Tallgrass Energy Partners LP logoTallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes 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 liquid (NGLs). The Company provides crude oil transportation to customers in Wyoming, Colorado, and the surrounding regions through its interests in Tallgrass Pony Express Pipeline, LLC.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: TEP
  • CUSIP:
Key Metrics:
  • Previous Close: $47.69
  • 50 Day Moving Average: $47.00
  • 200 Day Moving Average: $43.93
  • 52-Week Range: $72,108,000.00 - $25.82
  • Trailing P/E Ratio: 21.61
  • Foreward P/E Ratio: 15.09
  • P/E Growth: 0.72
  • Market Cap: $3.44B
  • Outstanding Shares: 72,108,000
  • Beta: 0.99
Additional Links:
Companies Related to Tallgrass Energy Partners LP:

Analyst Ratings

Consensus Ratings for Tallgrass Energy Partners LP (NYSE:TEP) (?)
Ratings Breakdown: 5 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.44)
Consensus Price Target: $52.88 (10.87% upside)

Analysts' Ratings History for Tallgrass Energy Partners LP (NYSE:TEP)
Show:
DateFirmActionRatingPrice TargetDetails
8/16/2016Credit Suisse Group AGReiterated RatingNeutralView Rating Details
7/28/2016Barclays PLCBoost Price TargetEqual Weight$49.00 -> $52.00View Rating Details
5/18/2016Morgan StanleyReiterated RatingHold$53.00View Rating Details
5/18/2016Citigroup Inc.Reiterated RatingBuyView Rating Details
4/29/2016Royal Bank Of CanadaBoost Price TargetOutperform$40.00 -> $47.00View Rating Details
4/18/2016Deutsche Bank AGUpgradeHold -> Buy$49.00View Rating Details
1/28/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
1/25/2016Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
10/20/2015Robert W. BairdBoost Price TargetOutperform$60.00 -> $63.00View Rating Details
9/11/2015Goldman Sachs Group Inc.Lower Price TargetNeutral$56.00 -> $54.00View Rating Details
7/2/2015ScotiabankReiterated RatingSector Perform$58.00View Rating Details
6/30/2015GuggenheimInitiated CoverageBuy$56.00View Rating Details
6/29/2015Evercore ISIInitiated CoverageBuy$56.00View Rating Details
6/15/2015Howard WeilInitiated CoverageSector Outperform$58.00View Rating Details
6/1/2015Bank of America Corp.Initiated CoverageBuy$60.00View Rating Details
5/27/2015Capital One Financial Corp.Initiated CoverageOverweightView Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for Tallgrass Energy Partners LP (NYSE:TEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2016        
8/3/2016Q216$0.57$0.92$147.34 million$146.90 millionViewN/AView Earnings Details
4/28/2016Q116$0.53$0.35$147.95 million$145.40 millionViewListenView Earnings Details
2/17/2016Q415$0.54$0.40$133.17 million$150.40 millionViewListenView Earnings Details
11/4/2015Q315$0.56$0.50$142.11 million$138.17 millionViewN/AView Earnings Details
7/30/2015Q215$0.48$0.55$138.59 million$132.97 millionViewListenView Earnings Details
5/11/2015Q115$0.34$0.46$125.90 million$114.68 millionViewListenView Earnings Details
2/19/2015Q4$0.42$0.45$118.56 million$109.50 millionViewN/AView Earnings Details
10/30/2014$0.28$0.23ViewN/AView Earnings Details
8/6/2014Q213$0.24$0.38$75.74 million$77.32 millionViewN/AView Earnings Details
5/7/2014Q1$0.22$0.30$75.70 million$85.00 millionViewN/AView Earnings Details
6/26/2013Q1 2013$0.20$0.12$66.82 million$60.30 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Tallgrass Energy Partners LP (NYSE:TEP)
Current Year EPS Consensus Estimate: $2.51 EPS
Next Year EPS Consensus Estimate: $3.16 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.51$0.80$0.69
Q2 20164$0.48$0.66$0.57
Q3 20164$0.16$0.69$0.50
Q4 20164$0.45$0.66$0.57
Q1 20174$0.51$0.90$0.77
Q2 20174$0.48$0.77$0.67
Q3 20174$0.46$0.79$0.67
Q4 20172$0.26$0.65$0.46
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Tallgrass Energy Partners LP (NYSE:TEP)
Annual Dividend:$3.02
Dividend Yield:6.33%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:120.32% (Based on Current Year Consensus EPS Estimate)
95.57% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History for Tallgrass Energy Partners LP (NYSE:TEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/7/2016quarterly$0.766.8%7/27/20167/29/20168/12/2016
4/12/2016quarterly$0.646.72%4/19/20164/21/20165/13/2016
1/5/2016quarterly$0.646.19%1/27/20161/29/20162/12/2016
10/6/2015quarterly$0.605.3%10/28/201510/30/201511/13/2015
7/17/2015quarterly$0.585.19%7/29/20157/31/20158/14/2015
4/15/2015quarterly$0.524.14%4/22/20154/24/20155/14/2015
1/5/2015$0.491/22/20151/26/20152/13/2015
10/7/2014quarterly$0.413.85%10/29/201410/31/201411/14/2014
7/1/2014quarterly$0.383.72%7/28/20147/30/20148/14/2014
4/2/2014quarterly$0.333.54%4/28/20144/30/20145/14/2014
1/13/2014quarterly$0.324.86%1/29/20141/31/20142/12/2014
10/7/2013quarterly$0.305.09%10/30/201311/1/201311/13/2013
7/18/2013quarterly$0.147/29/20137/31/20138/13/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Tallgrass Energy Partners LP (NYSE:TEP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/27/2016David G Dehaemers JrCEOBuy7,500$43.45$325,875.00View SEC Filing  
5/26/2016David G Dehaemers JrCEOBuy5,300$45.11$239,083.00View SEC Filing  
2/22/2016Terrance Daniel TownerDirectorBuy5,000$32.36$161,800.00View SEC Filing  
11/9/2015Terrance Daniel TownerDirectorBuy10,000$46.43$464,300.00View SEC Filing  
9/11/2015David G Dehaemers JrCEOBuy5,000$42.98$214,900.00View SEC Filing  
8/24/2015Roy Nolan CookDirectorBuy9,000$44.50$400,500.00View SEC Filing  
5/19/2015Terrance Daniel TownerDirectorBuy1,000$50.43$50,430.00View SEC Filing  
3/16/2015David G Dehaemers JrCEOBuy5,152$46.40$239,052.80View SEC Filing  
3/12/2015David G Dehaemers JrCEOBuy3,000$46.61$139,830.00View SEC Filing  
3/11/2015David G Dehaemers JrCEOBuy17,500$46.97$821,975.00View SEC Filing  
3/10/2015David G Dehaemers JrCEOBuy8,100$47.70$386,370.00View SEC Filing  
2/13/2015Richard L BullockInsiderBuy46$48.98$2,253.08View SEC Filing  
12/15/2014David G Dehaemers JrCEOBuy10,000$37.39$373,900.00View SEC Filing  
12/15/2014Roy Nolan CookDirectorBuy5,000$37.47$187,350.00View SEC Filing  
12/10/2014David G Dehaemers JrCEOBuy9,500$37.64$357,580.00View SEC Filing  
12/10/2014Gary D WatkinsCAOBuy1,000$37.75$37,750.00View SEC Filing  
12/9/2014David G Dehaemers JrCEOBuy5,000$37.76$188,800.00View SEC Filing  
12/9/2014Terrance Daniel TownerDirectorBuy2,000$37.32$74,640.00View SEC Filing  
12/8/2014David G Dehaemers JrCEOBuy5,825$38.71$225,485.75View SEC Filing  
12/8/2014Roy Nolan CookDirectorBuy5,000$39.90$199,500.00View SEC Filing  
12/1/2014David G Dehaemers JrCEOBuy10,807$39.62$428,173.34View SEC Filing  
9/15/2014David G Dehaemers JrCEOBuy7,700$43.16$332,332.00View SEC Filing  
9/12/2014Roy Nolan CookDirectorBuy5,000$44.50$222,500.00View SEC Filing  
3/13/2014David Dehaemers, Jr.CEOBuy1,069$31.92$34,122.48View SEC Filing  
3/13/2014Roy Nolan CookDirectorBuy5,000$31.94$159,700.00View SEC Filing  
5/17/2013David G Dehaemers JrInsiderBuy150,000$21.50$3,225,000.00View SEC Filing  
5/17/2013John T RaymondDirectorBuy100,000$21.50$2,150,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Tallgrass Energy Partners LP (NYSE:TEP)
DateHeadline
News IconShares Have Ticked Up Over the Last Five Trading Sessions: Tallgrass Energy Partners, LP (NYSE:TEP) - Post News (NYSE:TEP)
www.kentuckypostnews.com - September 20 at 9:40 AM
finance.yahoo.com logoTallgrass Energy CFO to Present at EMG Investor Conference - Yahoo Finance (NYSE:TEP)
finance.yahoo.com - September 20 at 9:40 AM
4-traders.com logoTALLGRASS ENERGY PARTNERS, LP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (NYSE:TEP)
www.4-traders.com - September 19 at 7:34 PM
publicnow.com logoTallgrass Energy CFO to Present at EMG Investor Conference (NYSE:TEP)
www.publicnow.com - September 19 at 7:34 PM
seekingalpha.com logoMLPs: Hot IPO, Cold MLPs (NYSE:TEP)
seekingalpha.com - September 19 at 10:15 AM
capitalcube.com logoTallgrass Energy Partners LP breached its 50 day moving average in a Bullish Manner : TEP-US : September 19, 2016 (NYSE:TEP)
www.capitalcube.com - September 19 at 10:15 AM
News IconPros Don't Lie: Oxbow Advisors LLC Boosted Tallgrass Energy Partners LP (NYSE:TEP) Position by $6.56 Million - Chester News (NYSE:TEP)
www.chesterindependent.com - September 16 at 7:21 PM
News IconAnalyst Projections and Growth Recap for Tallgrass Energy Partners, LP (NYSE:TEP) - Post News (NYSE:TEP)
www.kentuckypostnews.com - September 15 at 7:43 PM
marketrealist.com logoHow Institutional Investors View Tallgrass Energy Partners (NYSE:TEP)
marketrealist.com - September 15 at 11:19 AM
marketrealist.com logoWhat Lies Ahead for Tallgrass Energy Partners? (NYSE:TEP)
marketrealist.com - September 15 at 11:19 AM
marketrealist.com logoSummit Midstream’s Short Interest Is below the Industry Average (NYSE:TEP)
marketrealist.com - September 15 at 11:19 AM
News IconEnergy Income Partners buys $131400248 stake in Tallgrass Energy Partners LP (TEP) - Cosumnes Connection (subscription) (NYSE:TEP)
crcconnection.com - September 13 at 10:22 AM
marketrealist.com logoWhat Drives Tallgrass Energy Partners’s High Distribution Growth? (NYSE:TEP)
marketrealist.com - September 10 at 10:22 AM
4-traders.com logoTallgrass Energy Partners LP : Closes Offering of $400 Million of 5.50 Percent Senior Notes (NYSE:TEP)
www.4-traders.com - September 9 at 7:12 PM
News IconStock Seeing Accelerated Sales Growth Quarter over Quarter: Tallgrass Energy Partners, LP (NYSE:TEP) - Post News (NYSE:TEP)
www.kentuckypostnews.com - September 7 at 11:28 AM
News IconAnalyst Projections and Growth Review for Tallgrass Energy Partners, LP (NYSE:TEP) - Post News (NYSE:TEP)
www.kentuckypostnews.com - September 7 at 11:28 AM
capitalcube.com logoTallgrass Energy Partners LP breached its 50 day moving average in a Bullish Manner : TEP-US : September 5, 2016 (NYSE:TEP)
www.capitalcube.com - September 5 at 9:55 AM
finance.yahoo.com logoTallgrass Energy Partners Closes Offering of $400 Million of 5.50 Percent Senior Notes - Yahoo Finance (NYSE:TEP)
finance.yahoo.com - September 1 at 7:36 PM
biz.yahoo.com logoTALLGRASS ENERGY PARTNERS, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Fi (NYSE:TEP)
biz.yahoo.com - September 1 at 7:36 PM
publicnow.com logoTallgrass Energy Partners Closes Offering of $400 Million of 5.50 Percent Senior Notes (NYSE:TEP)
www.publicnow.com - September 1 at 7:36 PM
capitalcube.com logoETF’s with exposure to Tallgrass Energy Partners LP : August 29, 2016 (NYSE:TEP)
www.capitalcube.com - August 29 at 7:39 PM
capitalcube.com logoTallgrass Energy Partners LP breached its 50 day moving average in a Bearish Manner : TEP-US : August 26, 2016 (NYSE:TEP)
www.capitalcube.com - August 27 at 10:34 AM
News IconCrowd is Weighing in on Tallgrass Energy Partners, LP (NYSE:TEP) - Post News (NYSE:TEP)
www.kentuckypostnews.com - August 23 at 12:15 PM
4-traders.com logoTALLGRASS ENERGY PARTNERS, LP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (NYSE:TEP)
www.4-traders.com - August 19 at 7:39 PM
biz.yahoo.com logoTALLGRASS ENERGY PARTNERS, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements an (NYSE:TEP)
biz.yahoo.com - August 19 at 7:39 PM
4-traders.com logoTallgrass Energy Partners LP : Prices Offering of $400 Million of 5.50 Percent Senior Notes (NYSE:TEP)
www.4-traders.com - August 18 at 7:58 PM
publicnow.com logoTallgrass Energy Partners Prices Offering of $400 Million of 5.50 Percent Senior Notes (NYSE:TEP)
www.publicnow.com - August 18 at 7:58 PM
News IconCrowd & Analysts Have Spoken: Tallgrass Energy Partners, LP (NYSE:TEP) Stock Update - Post News (NYSE:TEP)
www.kentuckypostnews.com - August 17 at 10:44 AM
investopedia.com logoMost Profitable Oil and Gas Companies of 2016 (PSPX, TEP) (NYSE:TEP)
www.investopedia.com - August 17 at 10:44 AM
4-traders.com logoTallgrass Energy Partners LP : Announces Launch of $400 Million Offering of Senior Notes (NYSE:TEP)
www.4-traders.com - August 16 at 11:04 AM
finance.yahoo.com logo6:45 am Tallgrass Energy Partners to offer $400 million in aggregate principal amount of senior unsecured notes due 2024 in a private placement to eligible purchasers (NYSE:TEP)
finance.yahoo.com - August 16 at 11:03 AM
finance.yahoo.com logoTallgrass Energy Partners Announces Launch of $400 Million Offering of Senior Notes (NYSE:TEP)
finance.yahoo.com - August 16 at 11:03 AM
biz.yahoo.com logoTALLGRASS ENERGY PARTNERS, LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:TEP)
biz.yahoo.com - August 16 at 11:03 AM
marketrealist.com logoWhich Midstream Stocks Led in Short Interest? (NYSE:TEP)
marketrealist.com - August 16 at 11:03 AM
capitalcube.com logoETF’s with exposure to Tallgrass Energy Partners LP : August 12, 2016 (NYSE:TEP)
www.capitalcube.com - August 12 at 7:52 PM
finance.yahoo.com logoTALLGRASS ENERGY PARTNERS, LP Financials (NYSE:TEP)
finance.yahoo.com - August 11 at 8:20 PM
seekingalpha.com logoChasing Yield: Choosing A Midstream MLP (NYSE:TEP)
seekingalpha.com - August 11 at 11:08 AM
capitalcube.com logoTallgrass Energy Partners LP :TEP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NYSE:TEP)
www.capitalcube.com - August 10 at 8:18 PM
bloomberg.com logoTallgrass CEO Slams Hedgeye Analyst Who Asks, ‘You Mad Bro?’ (3) (NYSE:TEP)
washpost.bloomberg.com - August 6 at 10:27 AM
tradecalls.org logoPointe Capital Management Lowers stake in Tallgrass Energy Partners LP (TEP) - Trade Calls (NYSE:TEP)
www.tradecalls.org - August 4 at 8:14 PM
businesswire.com logoTallgrass Energy Announces Strong Second Quarter 2016 Results and Operational Updates - Business Wire (press release) (NYSE:TEP)
www.businesswire.com - August 4 at 8:14 PM
bloomberg.com logoTallgrass CEO Slams Hedgeye Analyst Who Asks, ‘You Mad Bro?’ (2) (NYSE:TEP)
washpost.bloomberg.com - August 4 at 10:59 AM
reuters.com logoBRIEF-Tallgrass Energy Partners qtrly total revenues $146.9 mln (NYSE:TEP)
www.reuters.com - August 3 at 8:08 PM
businesswire.com logoTallgrass Energy Announces Strong Second Quarter 2016 Results and Operational Updates (NYSE:TEP)
www.businesswire.com - August 3 at 8:08 PM
sg.finance.yahoo.com logoTallgrass Energy GP misses Street 2Q forecasts (NYSE:TEP)
sg.finance.yahoo.com - August 3 at 8:08 PM
bloomberg.com logoTallgrass CEO Slams Hedgeye Analyst Who Replies, ‘You Mad Bro?’ (NYSE:TEP)
www.bloomberg.com - August 3 at 8:08 PM
biz.yahoo.com logoQ2 2016 Tallgrass Energy Partners LP Earnings Release - After Market Close (NYSE:TEP)
biz.yahoo.com - August 3 at 11:02 AM
nasdaq.com logoTallgrass Energy Partners, LP (TEP) Ex-Dividend Date Scheduled for July 27, 2016 - Nasdaq (NYSE:TEP)
www.nasdaq.com - July 26 at 8:14 PM
forbes.com logoEx-Dividend Reminder: Tallgrass Energy Partners, Northwest Natural Gas and NiSource (NYSE:TEP)
www.forbes.com - July 25 at 10:41 AM
News IconTallgrass Energy Partners, LP (NYSE:TEP): Sell-Side Ratings and Company Earnings Glance - Engelwood Daily (NYSE:TEP)
www.engelwooddaily.com - July 21 at 8:05 PM

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Tallgrass Energy Partners LP (NYSE:TEP) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff