NYSE:TEP - Tallgrass Energy Partners Stock Price, Price Target & More

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$43.31 -0.36 (-0.82 %)
(As of 06/22/2018 06:54 AM ET)
Previous Close$43.67
Today's Range$43.04 - $43.95
52-Week Range$34.37 - $52.84
Volume262,107 shs
Average Volume285,803 shs
Market Capitalization$3.20 billion
P/E Ratio11.49
Dividend Yield8.93%
Tallgrass Energy Partners logoTallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. It operates through Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling segments. The Natural Gas Transportation segment engages in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities with approximately 4,641 miles of transportation pipelines in Wyoming, Colorado, Kansas, Missouri, and Nebraska. This segment provides its services to on-system customers, including third-party local distribution companies, industrial users, and other shippers. The Crude Oil Transportation 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. The Gathering, Processing & Terminalling segment owns and operates natural gas gathering and processing facilities that produce natural gas liquids (NGLs) and residue gas for sale in local wholesale markets or delivers into pipelines for transportation to additional end markets; and crude oil gathering, storage, and terminalling facilities, as well as engages in the transportation of NGLs, and marketing of crude oil and NGLs. This segment also provides water business services primarily to the oil and gas exploration and production industry. The company was founded in 2013 and is based in Leawood, Kansas.

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Industry, Sector and Symbol

Industry Natural gas transmission


Debt-to-Equity Ratio1.46
Current Ratio0.63
Quick Ratio0.52


Trailing P/E Ratio11.49
Forward P/E Ratio16.92
P/E GrowthN/A

Sales & Book Value

Annual Sales$655.90 million
Price / Sales4.83
Cash Flow$7.0768 per share
Price / Cash6.12
Book Value$21.21 per share
Price / Book2.04


EPS (Most Recent Fiscal Year)$3.77
Net Income$433.99 million
Net Margins68.20%
Return on Equity30.04%
Return on Assets11.69%


Outstanding Shares73,200,000

Tallgrass Energy Partners (NYSE:TEP) Frequently Asked Questions

What is Tallgrass Energy Partners' stock symbol?

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

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

Tallgrass Energy Partners declared a quarterly dividend on Monday, March 26th. Stockholders of record on Monday, April 30th will be paid a dividend of $0.975 per share on Tuesday, May 15th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Friday, April 27th. This is a positive change from Tallgrass Energy Partners's previous quarterly dividend of $0.97. View Tallgrass Energy Partners' Dividend History.

How were Tallgrass Energy Partners' earnings last quarter?

Tallgrass Energy Partners LP (NYSE:TEP) released its quarterly earnings results on Thursday, May, 3rd. The pipeline company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.58 by $0.33. The pipeline company had revenue of $179.09 million for the quarter, compared to analyst estimates of $196.92 million. Tallgrass Energy Partners had a net margin of 68.20% and a return on equity of 30.04%. View Tallgrass Energy Partners' Earnings History.

When is Tallgrass Energy Partners' next earnings date?

Tallgrass Energy Partners is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Tallgrass Energy Partners.

What price target have analysts set for TEP?

10 brokers have issued 12 month price objectives for Tallgrass Energy Partners' shares. Their predictions range from $41.00 to $50.00. On average, they anticipate Tallgrass Energy Partners' share price to reach $45.5714 in the next twelve months. View Analyst Ratings for Tallgrass Energy Partners.

Who are some of Tallgrass Energy Partners' key competitors?

Who are Tallgrass Energy Partners' key executives?

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

Has Tallgrass Energy Partners been receiving favorable news coverage?

News coverage about TEP stock has been trending somewhat positive on Friday, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tallgrass Energy Partners earned a news sentiment score of 0.21 on Accern's scale. They also assigned media coverage about the pipeline company an impact score of 45.58 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are Tallgrass Energy Partners' major shareholders?

Tallgrass Energy Partners' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (12.11%), Tortoise Capital Advisors L.L.C. (10.76%), OppenheimerFunds Inc. (6.33%), Alps Advisors Inc. (5.01%), Kayne Anderson Capital Advisors LP (4.47%) and UBS Group AG (1.75%). Company insiders that own Tallgrass Energy Partners stock include David G Dehaemers Jr and Gary J Brauchle. View Institutional Ownership Trends for Tallgrass Energy Partners.

Which major investors are selling Tallgrass Energy Partners stock?

TEP stock was sold by a variety of institutional investors in the last quarter, including Global X Management Co. LLC, Alps Advisors Inc., JPMorgan Chase & Co., Argyll Research LLC, Kayne Anderson Capital Advisors LP, Royal Bank of Canada, Advantus Capital Management Inc and Allianz Asset Management GmbH. View Insider Buying and Selling for Tallgrass Energy Partners.

Which major investors are buying Tallgrass Energy Partners stock?

TEP stock was bought by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., OppenheimerFunds Inc., Summit Trail Advisors LLC, Tortoise Capital Advisors L.L.C., Atlantic Trust Group LLC, Wells Fargo & Company MN, Northwestern Mutual Investment Management Company LLC and Infrastructure Capital Advisors LLC. Company insiders that have bought Tallgrass Energy Partners stock in the last two years include David G Dehaemers Jr and Gary J Brauchle. View Insider Buying and Selling for Tallgrass Energy Partners.

How do I buy shares of Tallgrass Energy Partners?

Shares of TEP 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 Partners' stock price today?

One share of TEP stock can currently be purchased for approximately $43.31.

How big of a company is Tallgrass Energy Partners?

Tallgrass Energy Partners has a market capitalization of $3.20 billion and generates $655.90 million in revenue each year. The pipeline company earns $433.99 million in net income (profit) each year or $3.77 on an earnings per share basis.

How can I contact Tallgrass Energy Partners?

Tallgrass Energy Partners' mailing address is 4200 WEST 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 Partners (TEP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  297 (Vote Outperform)
Underperform Votes:  264 (Vote Underperform)
Total Votes:  561
MarketBeat's community ratings are surveys of what our community members think about Tallgrass Energy Partners and other stocks. Vote "Outperform" if you believe TEP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TEP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/22/2018 by MarketBeat.com Staff

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