Analysts expect Tallgrass Energy LP (NYSE:TGE) to post $0.32 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tallgrass Energy’s earnings, with estimates ranging from $0.30 to $0.34. Tallgrass Energy posted earnings of $0.38 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.8%. The firm is expected to announce its next earnings results on Friday, February 14th.

On average, analysts expect that Tallgrass Energy will report full year earnings of $1.46 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.83 to $1.14. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Tallgrass Energy.

Tallgrass Energy (NYSE:TGE) last announced its earnings results on Wednesday, October 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The firm had revenue of $226.71 million during the quarter, compared to analyst estimates of $229.80 million. Tallgrass Energy had a net margin of 29.74% and a return on equity of 11.24%.

A number of analysts recently issued reports on TGE shares. ValuEngine raised Tallgrass Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Zacks Investment Research cut Tallgrass Energy from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research report on Saturday, November 2nd. Citigroup cut Tallgrass Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $19.50 in a research report on Tuesday, October 15th. Barclays set a $20.00 target price on Tallgrass Energy and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus cut Tallgrass Energy from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.33.

Institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. lifted its position in Tallgrass Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 96,274 shares of the company’s stock worth $2,032,000 after acquiring an additional 11,627 shares during the period. Man Group plc lifted its position in Tallgrass Energy by 386.7% during the 3rd quarter. Man Group plc now owns 640,746 shares of the company’s stock worth $12,904,000 after acquiring an additional 509,108 shares during the period. Penserra Capital Management LLC lifted its position in Tallgrass Energy by 33.0% during the 3rd quarter. Penserra Capital Management LLC now owns 5,580 shares of the company’s stock worth $112,000 after acquiring an additional 1,386 shares during the period. Tiedemann Advisors LLC lifted its position in Tallgrass Energy by 123.9% during the 3rd quarter. Tiedemann Advisors LLC now owns 459,426 shares of the company’s stock worth $9,253,000 after acquiring an additional 254,230 shares during the period. Finally, BBVA USA Bancshares Inc. acquired a new stake in Tallgrass Energy during the 3rd quarter worth approximately $1,115,000. 55.07% of the stock is owned by institutional investors.

Shares of NYSE TGE traded up $0.03 during trading hours on Wednesday, reaching $22.28. The stock had a trading volume of 846,471 shares, compared to its average volume of 5,972,566. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 17.54 and a beta of 0.73. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 1.53. Tallgrass Energy has a fifty-two week low of $14.28 and a fifty-two week high of $25.96. The firm has a 50-day moving average of $20.55 and a 200-day moving average of $19.55.

Tallgrass Energy Company Profile

Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling.

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Earnings History and Estimates for Tallgrass Energy (NYSE:TGE)

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