Robert W. Baird Thinks Tallgrass Energy GP’s Stock is Going to Recover

By Austin Angelo

In a report issued on December 4, Ethan Bellamy from Robert W. Baird reiterated a Buy rating on Tallgrass Energy GP (NYSE: TEGP), with a price target of $33. The company’s shares closed yesterday at $23.06, close to its 52-week low of $21.79.

According to TipRanks.com, Bellamy is ranked 0 out of 5 stars with an average return of -4.1% and a 38.2% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Energy Transfer Partners LP, and Noble Midstream Partners LP.

Tallgrass Energy GP has an analyst consensus of Strong Buy, with a price target consensus of $30.75.

The company has a one-year high of $29.50 and a one-year low of $21.79. Currently, Tallgrass Energy GP has an average volume of 244.5K.

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Tallgrass Energy GP LP is a development stage company, which owns, operates, acquires, and develops midstream energy assets in North America. It operates through the following segments: Crude Oil Transportation and Logistics; Natural Gas Transportation and Logistics; and Processing and Logistics.