Tallgrass Energy Partners, Lp (TEP) Files Form 4 Insider Buying : David G Jr Dehaemers Buys 7,500 Shares

Tallgrass Energy Partners, Lp (TEP): David G Jr Dehaemers , CEO of Tallgrass Energy Partners, Lp purchased 7,500 shares on May 27, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $43.45 per share for a total value of $325,875.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, David G Jr Dehaemers (CEO) purchased 5,300 shares at $45.11 per share price.On Jan 5, 2016, Equity, Llc Tallgrass (10% owner) purchased 2.0E7 shares at $47.68 per share price.Also, On Jan 5, 2016, Energy Holdings, Llc Tallgrass (10% owner) sold 2.0E7 shares at $47.68 per share price.On Nov 10, 2015, Terrance Daniel Towner (director) purchased 10,000 shares at $46.43 per share price.

Shares of Tallgrass Energy Partners LP (TEP) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -0.22% at $46.01 with 4,86,358 shares getting traded. Post opening the session at $46, the shares hit an intraday low of $45.17 and an intraday high of $47.3 and the price vacillated in this range throughout the day. The company has a market cap of $3,317 M and the number of outstanding shares has been calculated to be 7,20,97,211 shares. The 52-week high of Tallgrass Energy Partners LP is $52.132 and the 52-week low is $25.82.

Tallgrass Energy Partners LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tallgrass Energy Partners LP is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $36 .The Rating was issued on May 2, 2016.Tallgrass Energy Partners LP is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $40 .The Rating was issued on Apr 29, 2016.

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 Company’s 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.

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