Tallgrass Energy Partners, LP (NYSE:TEP) Updates On Dividend Release Date


On 2016-07-06, Tallgrass Energy Partners, LP (NYSE:TEP) confirmed the dividend disbursement of $0.755 a share to shareholders as on record 2016-07-29. The firm will release dividend on 2016-08-12 while ex-dividend date is reported to be 2016-07-27.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Tallgrass Energy Partners, LP (NYSE:TEP) paid a total of $0.755 per share in dividends. This figure stood at $0.755 a share in the same period a year ago indicating a deviation of 52.7972%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $54.111 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $61 and $47, respectively.

Taking the mathematical rating formula, the price for Tallgrass Energy Partners, LP (NYSE:TEP) stands at 1.64. Earnings Review Tallgrass Energy Partners, LP (NYSE:TEP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-02. For the period ending on 2016-09-30, experts are expecting EPS of $0.64.

Coming to the quarter ending on 2015-12-31, Tallgrass Energy Partners, LP (NYSE:TEP) recorded EPS of $0.69. The reported numbers came lower than the analysts’ estimates of $0.6, demonstrating a miss of $0.09 as against reported figures.

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