Stock To Watch: Tallgrass Energy Partners, LP (NYSE:TEP)


The leading market experts have placed a mean price target of $53.57 on Tallgrass Energy Partners, LP (NYSE:TEP) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.69 a share for the upcoming quarter and $2.28 for the current fiscal. Technical View The technical analysis of Tallgrass Energy Partners, LP C plainly substantiates that the 50-day moving average of Tallgrass Energy Partners, LP C is $45.55, and stock is hovering 0.86 or +1.89% distant from $45.55. It is noted that the 200-day MA is $40.26, and Tallgrass Energy Partners, LP C stock is $6.15 or +15.28% off from this point. Tallgrass Energy Partners, LP (NYSE:TEP) 52-week high is $50.78 and the 52-week low is $25.82. This explains if the stock moves $-4.37, it will post a 52-week high. In event of $+79.74% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Tallgrass Energy Partners, LP C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Tallgrass Energy Partners, LP (NYSE:TEP) ratio came in at 25.96. The stock last ended the trading session at $46.41 and registered a market cap of $3.35B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Tallgrass Energy Partners, LP (NYSE:TEP) PEG ratio is at 0.82.

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