Media coverage about Tallgrass Energy GP (NYSE:TEGP) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press 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 one, with scores closest to one being the most favorable. Tallgrass Energy GP earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.7010299408767 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Tallgrass Energy GP (TEGP) Posts Earnings Results, Misses Estimates By $0.08 EPS (americanbankingnews.com)
- Tallgrass Energy GP (TEGP) Cut to “Strong Sell” at Zacks Investment Research (americanbankingnews.com)
- Tallgrass Energy GP (TEGP) PT Set at $25.00 by Stifel Nicolaus (americanbankingnews.com)
- Tallgrass Energy GP (TEGP) Downgraded by Barclays (americanbankingnews.com)
- Tallgrass Energy Partners upgraded, Tallgrass GP downgraded at Barclays (seekingalpha.com)
Several equities research analysts recently weighed in on the stock. Barclays reiterated a “buy” rating and set a $34.00 price objective on shares of Tallgrass Energy GP in a research note on Thursday, October 19th. BidaskClub cut shares of Tallgrass Energy GP from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Credit Suisse Group assumed coverage on shares of Tallgrass Energy GP in a research report on Thursday, January 4th. They issued an “underperform” rating and a $21.00 target price for the company. Zacks Investment Research cut 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 issued a $31.00 price objective on shares of Tallgrass Energy GP in a report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.67.
Tallgrass Energy GP (NYSE:TEGP) last released its 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 positive return on equity of 2.39% and a negative net margin of 19.63%. The company had revenue of $174.77 million during the quarter, compared to analysts’ expectations of $187.26 million. research analysts forecast that Tallgrass Energy GP will post 0.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.3675 per share. This is a positive change from Tallgrass Energy GP’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, January 30th. This represents a $1.47 annualized dividend and a dividend yield of 6.54%. Tallgrass Energy GP’s dividend payout ratio is -66.22%.
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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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