News coverage about Tallgrass Energy GP (NYSE:TEGP) has been trending somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tallgrass Energy GP earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.534971492432 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts recently issued reports on TEGP shares. Robert W. Baird reissued a “buy” rating and issued a $33.00 price target on shares of Tallgrass Energy GP in a research report on Thursday, December 7th. Morgan Stanley cut their price objective on shares of Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. BidaskClub raised shares of Tallgrass Energy GP from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $31.00 target price on shares of Tallgrass Energy GP in a research note on Sunday, October 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.13.
Shares of Tallgrass Energy GP (NYSE TEGP) traded up $0.13 during midday trading on Wednesday, hitting $24.75. The stock had a trading volume of 107,800 shares, compared to its average volume of 212,940. Tallgrass Energy GP has a 52 week low of $21.79 and a 52 week high of $29.50. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $3,890.00 and a price-to-earnings ratio of 30.94.
About Tallgrass Energy GP
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