Tallgrass Energy Partners LP (TEP) : Oxbow Advisors scooped up 172,688 additional shares in Tallgrass Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 719,755 shares of Tallgrass Energy Partners LP which is valued at $31,863,554.Tallgrass Energy Partners LP makes up approximately 4.41% of Oxbow Advisors’s portfolio.
Tallgrass Energy Partners LP closed down -0.1 points or -0.23% at $44.27 with 2,75,593 shares getting traded on Friday. Post opening the session at $44.44, the shares hit an intraday low of $43.5 and an intraday high of $45.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Ifp Advisors Inc boosted its stake in TEP in the latest quarter, The investment management firm added 124 additional shares and now holds a total of 244 shares of Tallgrass Energy Partners LP which is valued at $10,802.Tocqueville Asset Management boosted its stake in TEP in the latest quarter, The investment management firm added 1,655 additional shares and now holds a total of 10,955 shares of Tallgrass Energy Partners LP which is valued at $450,251. Tallgrass Energy Partners LP makes up approx 0.01% of Tocqueville Asset Management’s portfolio.
On the company’s financial health, Tallgrass Energy Partners LP reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.57. The company had revenue of $145.40 million for the quarter, compared to analysts expectations of $147.53 million. The company’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Tallgrass Energy Partners LP. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 49 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .Shares were Reiterated by Barclays on Feb 18, 2016 to “Equal Weight” and Lowered the Price Target to $ 36 from a previous price target of $42 .
Tallgrass Energy Partners LP owns operates acquires and develops midstream energy assets in North America. The Company provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through Tallgrass Interstate Gas Transmission system and the Trailblazer Pipeline. The Companys business segments include Natural Gas Transportation & Logistics which includes the ownership and operation of Federal Energy Regulatory Commission(FERC)-regulated interstate natural gas pipelines and integrated natural gas storage facilities; Crude Oil Transportation & Logistics which includes the ownership and operation of a crude oil pipeline system and Processing & Logistics which includes the ownership and operation of natural gas processing treating and fractionation facilities as well as water business services provided to the oil and gas exploration and production industry.