Tallgrass Energy GP (TEGP) Getting Somewhat Favorable Media Coverage, Report Finds
Headlines about Tallgrass Energy GP (NYSE:TEGP) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tallgrass Energy GP earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.569749076593 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts have issued reports on TEGP shares. BidaskClub upgraded shares of Tallgrass Energy GP from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Tallgrass Energy GP from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 21st. Robert W. Baird reissued a “buy” rating and issued a $32.00 price objective on shares of Tallgrass Energy GP in a research report on Tuesday, September 26th. Barclays reissued a “buy” rating and issued a $34.00 price objective on shares of Tallgrass Energy GP in a research report on Thursday, October 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price objective on shares of Tallgrass Energy GP in a research report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.13.
Tallgrass Energy GP (TEGP) traded down $0.52 during trading hours on Tuesday, hitting $23.79. 209,965 shares of the stock were exchanged, compared to its average volume of 213,075. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3,770.36, a price-to-earnings ratio of 29.98, a PEG ratio of 3.06 and a beta of 1.97. Tallgrass Energy GP has a twelve month low of $21.79 and a twelve month high of $29.50.
In related news, Director Thomas A. Gerke bought 9,800 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $25.50 per share, for a total transaction of $249,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David G. Dehaemers, Jr. bought 5,428 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $25.04 per share, with a total value of $135,917.12. The disclosure for this purchase can be found here.
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Tallgrass Energy GP Company Profile
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