Tallgrass Energy Partners, LP (NYSE:TEP) insider have most recently took part in a trading activity. On Nov 27, 2017 Dehaemers David G Jr, President and CEO bought 31,501 shares having total worth of $1,338,793 at the price of $42.5 per share, following the transaction a total of 540,817 shares owned by Dehaemers David G Jr. Before this latest buy, Dehaemers David G Jr purchased TEP at 15 other times during the past twelve months, for a total investment of $90.86M at an average of $46.1 per share.
The stock has experienced a total of 7 insider trades in the past three months. These trades include 7 buy trades. Furthermore, over the past 12 months , the stock was traded 16 times by insiders. an employee of the company was the buyer in 16 instances.
|Time Frame||Number of Insider Buy||Number of Insider Sell||Stock Price Change(%)|
Shares of Tallgrass Energy Partners, LP (NYSE:TEP) traded down 0.74% on Nov 24, 2017, hitting $43.04. 73,140 shares of the company’s stock traded hands. Tallgrass Energy Partners, LP has a 52 week low of $39.25 and a 52 week high of $53.06. The company’s market cap is $3,420 million.
Tallgrass Energy Partners, LP (NYSE:TEP) last announced its earnings results on Nov 2, 2017. The company reported 1.96 earnings per share (EPS) for the quarter, higher than the consensus estimate of 1.73 by $0.23. The company had revenue of $176 million for the quarter, compared to the consensus estimate of $174 million. During the same quarter in the previous year, the company posted 0.45 earnings per share. The company’s revenue for the quarter was up 16% on a year-over-year basis.
|earnings per share||1.96||0.72||0.53||0.51||0.45||0.92||0.35||0.40||0.50||0.55|
Tallgrass Energy Partners LP is a growth-oriented Delaware limited partnership formed by Tallgrass Development to own, operate, acquire and develop midstream energy assets in North America. The Company, through its TIGT System, provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions. It also provides processing services for customers in Wyoming through its Midstream Facilities. Its operations are segmented into two – Gas Transportation and Storage and Processing. The Gas Transportation and Storage segment owns and operates interstate natural gas pipelines and integrated natural gas storage facilities that primarily serve on-system customers such as third-party LDCs, industrial users and other shippers. Processing segment owns and operates natural gas processing, treating and fractionation facilities that produce NGLs and residue gas. These products are sold in local wholesale markets or delivered into pipelines for transportation to additional end markets. The Company primarily generated revenues under the long-term, fee-based firm contracts. It obligates customers to pay a fixed monthly reservation or demand charge, which is owed regardless of the actual pipeline or storage capacity used by him. It generates reservation fees charged for firm transportation capacity reservations and usage fees for firm or interruptible transportation throughput, as well as reservation fees charged for firm storage capacity reservations and usage fees for firm or interruptible storage volumes. It also derives revenues from net fuel collections, natural gas sales and other miscellaneous items. In midstream facilities, it generates revenues from natural gas processing, fractionation and treating charges under fee-based contracts; percentage-of-proceeds contracts; and keep-whole contracts.
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