Headlines about Tallgrass Energy GP (NYSE:TEGP) have trended positive on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tallgrass Energy GP earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.7354533569023 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
Several equities research analysts have recently weighed in on TEGP shares. Barclays reissued a “buy” rating and set a $34.00 target price on shares of Tallgrass Energy GP in a research report on Thursday, October 19th. BidaskClub raised Tallgrass Energy GP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating and set a $32.00 target price on shares of Tallgrass Energy GP in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Credit Suisse Group assumed coverage on Tallgrass Energy GP in a research note on Thursday, January 4th. They set an “underperform” rating and a $21.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Tallgrass Energy GP presently has an average rating of “Hold” and a consensus price target of $28.67.
Tallgrass Energy GP (NYSE TEGP) traded down $0.62 during trading hours on Wednesday, reaching $22.49. The company had a trading volume of 815,886 shares, compared to its average volume of 450,503. The stock has a market cap of $3,547.10, a P/E ratio of 27.94, a PEG ratio of 2.85 and a beta of 1.75. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.18. Tallgrass Energy GP has a 12-month low of $21.66 and a 12-month high of $29.50.
Tallgrass Energy GP (NYSE:TEGP) last released its quarterly earnings results on Tuesday, February 13th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Tallgrass Energy GP had a return on equity of 2.46% and a net margin of 7.07%. The firm had revenue of $174.77 million for the quarter, compared to analysts’ expectations of $187.26 million. equities research analysts predict that Tallgrass Energy GP will post 0.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be paid a $0.3675 dividend. This is an increase from Tallgrass Energy GP’s previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Tuesday, January 30th. Tallgrass Energy GP’s dividend payout ratio (DPR) is 183.75%.
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About Tallgrass Energy GP
Tallgrass Energy GP, LP is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP’s subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP’s segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.
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