Tallgrass Energy, LP (TGE) – A Trader’s Perspective

Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Tallgrass Energy, LP (TGE) was $21.70. Currently, the 1st Resistance Point for this stock is $22.13, with a 2nd Resistance Point sitting at $22.56. Meanwhile, this company’s stock has a 1st Support Level at $21.44 and a 2nd Support Level at $21.18. Tallgrass Energy, LP (TGE) stock has lost -$0.25, or -1.14%, in the past five days. In the last full month, these shares have lost -$0.22, or -1.00%. In the past three months, this stock’s price has fallen by -$2.59, or -10.66%. This year-to-date, Tallgrass Energy, LP (TGE) shares have lost -$2.64, or -10.85%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Tallgrass Energy, LP (TGE) stock, 50% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Sell .” Looking further ahead, 100 – 200 Day MACD Oscillator % of long-term indicators suggest that this stock is a “.”

With 281,333 K shares outstanding, this company currently has a market capitalization of $6,228,713K. Tallgrass Energy, LP (TGE) generates $793,260 K in annual sales, amounting to annual net income of $137,130 K. This stock has generated a 1-Year Total Return of 0.05%, a 3-Year Total Return of -9.58%, and a 5-year Total Return of 0.00%. This stock’s 5-Year Dividend Growth is 0.00%, with its most recent dividend valued at $0.530 per share on 04/29/19. Its Annual Dividend Yield is 9.58%, and its Annual Dividend Rate is 2.12.

In the most recently-reported fiscal quarter, which ended in Mar-19, Tallgrass Energy, LP (TGE) reported earnings of $0.31 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.40 per share, representing a -0.09 difference and 22.44% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.42 represented a 0.03 difference from the consensus estimate calling for $0.39 per share, which was a 7.33% surprise.

For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.42 per share. This estimate came from a total of 4 Wall Street Analysts. Of those market experts, the high estimate was $0.47 and the low estimate was $0.36. In the year-ago quarter, Tallgrass Energy, LP (TGE) generated per-share earnings of $0.02. If the analysts are correct about the current quarter’s earnings, the growth will be +2,000.00% .

Turning our focus now to insider trading activity, there have been 95 purchases (3,745,227 shares in total) and 0 sale (0 shares in total) in the last 3 months. In the last 6 months, there have been 175 insider buys amounting to 8,092,409 shares and 10 insider sales amounting to 218,000 shares. In the past full year, 184 insider purchases were made (involving 8,438,437 shares) and 10 insider sell-offs equivalent to 218,000 shares.

Moving onto liquidity, Tallgrass Energy, LP (TGE) has a Current Ratio of 0.67, a Quick Ratio of 0.59 and a Cash Ratio of 0.02. Looking at this company’s capital structure, its Total Debt to Total Equity is 185.79, its Total Debt to Total Capital is 65.01, and its Total Debt to Total Assets is now 54.40. Looking even further ahead into the future, its Long-Term Debt to Equity is 185.79 and its Long-Term Debt to Total Capital is 65.01.