Tallgrass Energy GP LP (TEGP) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $25. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on May 2, 2016.
Many Wall Street Analysts have commented on Tallgrass Energy GP LP. 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 .Shares were Reiterated by RBC Capital Mkts on Feb 18, 2016 to “Sector Perform” and Lowered the Price Target to $ 16 from a previous price target of $17 .Shares were Downgraded by Robert W. Baird on Feb 8, 2016 to ” Neutral” and Lowered the Price Target to $ 16 from a previous price target of $21 .
Tallgrass Energy GP LP closed down -0.64 points or -3.17% at $19.56 with 1,04,896 shares getting traded on Wednesday. Post opening the session at $20.39, the shares hit an intraday low of $19.52 and an intraday high of $21.01 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.