35.88 0.00 (0.00%)
After hours: 5:25PM EDT
|Bid||35.22 x 400|
|Ask||41.60 x 500|
|Day's Range||35.72 - 37.74|
|52 Week Range||35.37 - 54.21|
|PE Ratio (TTM)||9.20|
|Earnings Date||May 1, 2018 - May 7, 2018|
|Forward Dividend & Yield||3.86 (10.31%)|
|1y Target Est||46.69|
Units of this high-yielding oil and natural gas pipeline MLP have tumbled even though its financial numbers look good.
Tallgrass Energy Partners, LP announced today that it does not expect policy revisions governing recovery of income taxes released today from the Federal Energy Regulatory Commission to have a material impact on the company’s revenues.
Tallgrass Energy Partners LP (NYSE:TEP) has been struggling over the past 12 months. Year to date, TEP stock is down 17%. First, TEP is an midstream player in the Bakken Shale, a rich shale deposit that covers North Dakota, South Dakota and Montana. Generally, that means either fracking or horizontal drilling.
According to the data released on February 27, 2018, the total number of Tallgrass Energy Partners shares shorted was ~4.3 million on February 15, 2018—25.1% higher compared to ~3.4 million on January 31, 2018. The current short interest in Tallgrass Energy Partners is higher than its average of 3.6% over the last four years. As we can see in the graph above, the recent increase in short interest was associated with a fall in Tallgrass Energy Partners’ stock price.
Tallgrass Energy Partners (TEP) stock has been volatile in 2018. The stock fell steeply at the start of February after the company announced that it was evaluating reorganization transactions to simplify TEP’s and Tallgrass Energy GP’s (TEGP) structures. Investors are likely concerned that this may include a distribution cut for TEP, which is currently trading at a yield of ~10%.
DALLAS , Feb. 21, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $16.3 billion as of December 31, 2017 . Linked products include exchange-traded funds, exchange-traded notes, return ...
Q4 2017 Tallgrass Energy Partners LP and Tallgrass Energy GP LP Earnings Call
The Leawood, Kansas-based company said it had a loss of $2.85 per share. Earnings, adjusted for pretax expenses, were 13 cents per share. The results did not meet Wall Street expectations. The average ...
Tallgrass Energy Partners, LP and Tallgrass Energy GP, LP , collectively referred to as Tallgrass Energy, today reported financial and operating results for the fourth quarter of 2017.
Tallgrass Energy GP (TEGP) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
Stock Monitor: CNX Midstream Partners Post Earnings Reporting LONDON, UK / ACCESSWIRE / February 09, 2018 / Active-Investors.com has just released a free research report on Tallgrass Energy Partners, L.P. ...
NEW YORK, Feb. 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Tallgrass ...
Tallgrass Energy GP, LP and Tallgrass Energy Partners, LP today announced that Tallgrass Equity, LLC , a subsidiary of TEGP, has acquired a 25.01 percent membership interest in Rockies Express Pipeline LLC and 5,619,218 TEP common units from Tallgrass Development, LP .
Tallgrass Energy Partners, LP and Silver Creek Midstream, LLC announced today that they have signed definitive documents to develop the Iron Horse Pipeline , a joint venture pipeline to transport crude oil from the growing Powder River Basin to Guernsey, Wyo.
Tallgrass Energy Partners, LP , through its subsidiary BNN Water Solutions, LLC , today announced the acquisition of water infrastructure assets that establishes Tallgrass’s footprint in the Bakken, delivers new business for BNN and provides Tallgrass a platform from which to build additional midstream business in the Bakken.
U.S. natural gas production was expected to decline by about 2 percent on Thursday from earlier in the week due in part to an unexpected shutdown of a couple of pipelines in Ohio after a fire early Wednesday, according to Reuters data. In addition to Tallgrass' Seneca Lateral, the incident also affected the flow of gas to the Rover pipeline, which has its own, separate Seneca Lateral. The REX Seneca Lateral and the Rover Seneca Lateral are different pipes.
The S&P 500 Index continued its blistering start to the year, reaching a new record high last week. The stock market is being propelled by building optimism about the economy’s growth and the expected benefits from the tax cut bill. News of higher dividends from several companies didn’t hurt spirits either.
Tallgrass Energy Partners, LP and Tallgrass Energy GP, LP today announced their quarterly distributions for the fourth quarter of 2017. The distributions will be paid on Wednesday, February 14, 2018, to unitholders and shareholders of record as of the close of business on Wednesday, January 31, 2018.
Suburban Propane Partners (SPH), the MLP involved in retail marketing and the distribution of propane, was upgraded by UBS last week, which ended on January 5, 2017.