Tallgrass Energy Partners LP (TEP) Is At $43.57 Formed Wedge; Last Week PHH (PHH) Coverage

November 15, 2017 - By Vivian Currie

Tallgrass Energy Partners LP (TEP) formed wedge down with $39.65 target or 9.00% below today’s $43.57 share price. Tallgrass Energy Partners LP (TEP) has $3.23 billion valuation. The stock decreased 1.56% or $0.69 during the last trading session, reaching $43.57. About shares traded. Tallgrass Energy Partners LP (NYSE:TEP) has risen 2.55% since November 15, 2016 and is uptrending. It has underperformed by 14.15% the S&P500.

Among 10 analysts covering PHH Corporation (NYSE:PHH), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. PHH Corporation had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Friday, August 7 by FBR Capital. As per Monday, September 11, the company rating was maintained by Keefe Bruyette & Woods. The company was downgraded on Thursday, August 11 by Keefe Bruyette & Woods. Compass Point upgraded the shares of PHH in report on Wednesday, September 30 to “Buy” rating. The firm earned “Equal Weight” rating on Tuesday, August 11 by Morgan Stanley. The rating was downgraded by Sterne Agee CRT to “Neutral” on Tuesday, April 12. Oppenheimer maintained PHH Corporation (NYSE:PHH) on Tuesday, August 11 with “Outperform” rating. The company was upgraded on Monday, August 10 by Bruyette & Woods”. The stock of PHH Corporation (NYSE:PHH) has “Market Perform” rating given on Thursday, August 11 by Wood. The stock of PHH Corporation (NYSE:PHH) has “Hold” rating given on Friday, November 10 by Keefe Bruyette & Woods. See PHH Corporation (NYSE:PHH) latest ratings:

10/11/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $13.0 Maintain
11/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $15.0 Maintain
20/06/2017 Broker: Wedbush Old Rating: Outperform New Rating: Neutral Old Target: $15.5 Downgrade
26/05/2017 Broker: ValuEngine Old Rating: Sell New Rating: Strong Sell Downgrade

Analysts await Tallgrass Energy Partners LP (NYSE:TEP) to report earnings on February, 21. They expect $0.71 EPS, up 18.33% or $0.11 from last year’s $0.6 per share. TEP’s profit will be $52.63M for 15.34 P/E if the $0.71 EPS becomes a reality. After $1.83 actual EPS reported by Tallgrass Energy Partners LP for the previous quarter, Wall Street now forecasts -61.20% negative EPS growth.

Investors sentiment decreased to 1.07 in Q2 2017. Its down 0.28, from 1.35 in 2017Q1. It is negative, as 12 investors sold Tallgrass Energy Partners LP shares while 44 reduced holdings. 19 funds opened positions while 41 raised stakes. 43.67 million shares or 0.45% more from 43.48 million shares in 2017Q1 were reported. Suncoast Equity Mngmt reported 0.1% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP). Walleye Trading Lc reported 0% stake. The Colorado-based Alps Advisors has invested 1.18% in Tallgrass Energy Partners LP (NYSE:TEP). Van Eck Assoc Corp holds 0.01% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP) for 26,747 shares. 62,969 are held by Pnc Finance Ser Group Inc. Rr Advsr Llc holds 7.1% or 1.07 million shares in its portfolio. 117 were reported by Wfg Advisors Limited Partnership. Bush Odonnell Invest Advisors invested in 0.25% or 8,120 shares. Citigroup, New York-based fund reported 44,695 shares. Commonwealth Equity Inc reported 5,402 shares or 0% of all its holdings. Ameriprise Financial holds 0% or 13,341 shares. Alliancebernstein Lp holds 0% or 9,988 shares. Solaris Asset Mgmt Ltd Liability Com invested in 1,476 shares or 0.05% of the stock. Us Savings Bank De reported 0% in Tallgrass Energy Partners LP (NYSE:TEP). Financial Bank Of Montreal Can owns 62,049 shares for 0% of their portfolio.

Since June 1, 2017, it had 4 insider buys, and 0 sales for $2.86 million activity. DEHAEMERS DAVID G JR also bought $241,300 worth of Tallgrass Energy Partners LP (NYSE:TEP) shares.

Among 10 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Tallgrass Energy Partners LP had 33 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, April 29 by RBC Capital Markets. The firm has “Equal Weight” rating by Barclays Capital given on Monday, January 11. Barclays Capital maintained the shares of TEP in report on Thursday, February 18 with “Equal-Weight” rating. Stifel Nicolaus maintained Tallgrass Energy Partners LP (NYSE:TEP) on Thursday, September 7 with “Buy” rating. As per Friday, July 14, the company rating was maintained by Morgan Stanley. The rating was initiated by Macquarie Research on Friday, April 21 with “Outperform”. RBC Capital Markets maintained Tallgrass Energy Partners LP (NYSE:TEP) on Monday, April 24 with “Buy” rating. Macquarie Research maintained it with “” rating and $61 target in Monday, April 24 report. The rating was maintained by Robert W. Baird with “Buy” on Monday, October 30. As per Friday, April 28, the company rating was maintained by Scotia Capital.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1. It improved, as 24 investors sold PHH Corporation shares while 26 reduced holdings. 25 funds opened positions while 30 raised stakes. 49.87 million shares or 3.05% less from 51.43 million shares in 2017Q1 were reported. State Board Of Administration Of Florida Retirement Systems stated it has 0% of its portfolio in PHH Corporation (NYSE:PHH). Gru One Trading Limited Partnership owns 1,050 shares. Ubs Asset Mngmt Americas Incorporated has invested 0% in PHH Corporation (NYSE:PHH). Pub Employees Retirement Association Of Colorado stated it has 15,242 shares. Clear Harbor Asset Mgmt Ltd Company holds 0.03% or 10,000 shares. Geode Ltd Liability Co has invested 0% in PHH Corporation (NYSE:PHH). Northern Corporation owns 666,627 shares. 78,442 are held by Millennium Mgmt Lc. Voya Inv Mngmt Limited Liability Corp invested 0% in PHH Corporation (NYSE:PHH). Blackrock Inc holds 0% or 3.42M shares in its portfolio. Magnetar Limited Company holds 0% or 12,729 shares. Rhumbline Advisers accumulated 0% or 69,569 shares. Hutchin Hill Capital Lp has invested 0.04% in PHH Corporation (NYSE:PHH). Nationwide Fund owns 0% invested in PHH Corporation (NYSE:PHH) for 44,117 shares. Huntington Commercial Bank owns 50 shares.

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