Tallgrass Energy GP LP (TEGP) was Upgraded by Robert W. Baird to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 30 from a previous price target of $21 . Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Tallgrass Energy GP LP. Company shares were Reiterated by Barclays on May 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 23 from a previous price target of $16 .Stifel Upgraded Tallgrass Energy GP LP on May 2, 2016 to ” Buy”, Price Target of the shares are set at $25.Shares were Reiterated by Barclays on Feb 18, 2016 to “Overweight” and Lowered the Price Target to $ 16 from a previous price target of $20 .
Tallgrass Energy GP LP opened for trading at $20.98 and hit $21.42 on the upside on Wednesday, eventually ending the session at $21.16, with a gain of 0.57% or 0.12 points. The heightened volatility saw the trading volume jump to 82,681 shares. Company has a market cap of $3,327 M.
In a different news, on Dec 11, 2015, Gary J Brauchle (officer ) purchased 6,450 shares at $16.13 per share price. According to the SEC, on Dec 11, 2015, David G Jr Dehaemers (CEO) purchased 25,000 shares at $16.04 per share price. On May 12, 2015, Jeffrey A Ball (director) purchased 20,000 shares at $29.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Tallgrass Energy GP LP (TEGP) is a limited partnership company. The Company holds indirect interests in the general partner of Tallgrass Energy Partners LP (TEP) including all of TEPs incentive distribution rights. TEP is engaged in the transportation storage and processing of natural gas the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry. TEPs business segments are Natural Gas Transportation & Logistics which includes the ownership and operation of interstate natural gas pipelines and 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.