Wall Street brokerages predict that Tallgrass Energy LP (NYSE:TGE) will announce $221.20 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Tallgrass Energy’s earnings. The highest sales estimate is $228.80 million and the lowest is $213.60 million. Tallgrass Energy reported sales of $220.26 million during the same quarter last year, which indicates a positive year over year growth rate of 0.4%. The company is expected to issue its next quarterly earnings results on Friday, February 14th.

On average, analysts expect that Tallgrass Energy will report full-year sales of $860.20 million for the current financial year, with estimates ranging from $849.20 million to $871.20 million. For the next financial year, analysts expect that the business will report sales of $850.35 million, with estimates ranging from $786.20 million to $914.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Tallgrass Energy.

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

A number of research firms recently commented on TGE. Barclays set a $20.00 price objective on Tallgrass Energy and gave the company a “hold” rating in a report on Tuesday, October 15th. Robert W. Baird downgraded Tallgrass Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $28.00 to $20.00 in a report on Thursday, August 29th. TheStreet cut Tallgrass Energy from a “b-” rating to a “c+” rating in a research note on Thursday, August 8th. 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 note on Saturday, November 2nd. Finally, Scotiabank began coverage on Tallgrass Energy in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $19.50 target price for the company. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.40.

NYSE TGE opened at $17.77 on Tuesday. The stock has a 50-day simple moving average of $18.46 and a 200 day simple moving average of $20.01. The company has a market capitalization of $5.00 billion, a PE ratio of 13.99 and a beta of 0.66. 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 12 month low of $14.28 and a 12 month high of $25.96.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 12.38%. This is a boost from Tallgrass Energy’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, October 30th. Tallgrass Energy’s payout ratio is presently 173.23%.

A number of large investors have recently bought and sold shares of TGE. Lee Financial Co acquired a new position in Tallgrass Energy in the second quarter valued at about $44,000. Mint Tower Capital Management B.V. acquired a new position in Tallgrass Energy in the third quarter valued at about $47,000. Price Wealth Management Inc. acquired a new position in shares of Tallgrass Energy during the second quarter worth about $60,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Tallgrass Energy by 45.7% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,144 shares of the company’s stock worth $88,000 after buying an additional 1,300 shares during the period. Finally, Seeyond acquired a new position in shares of Tallgrass Energy during the second quarter worth about $90,000. 55.04% of the stock is owned by hedge funds and other institutional investors.

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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