Tallgrass Energy, LP [TGE] saw a change by 0.93% with the Thursday trading session, closing the trade at the price of $19.99. The company is holding 278.47M shares with keeping 174.09M floating shares. With the latest trading session, the stock is set at 39.95% off compared to its 52-week low, sliding -23.02% from high for the same period of time.
Since its 90-day high, the share price saw a move by -11.64%, trading +40.02% in oppose to its 90-day low While during the day, 278.47M shares valued at 1.61 million were bought and sold.
Tallgrass Energy, LP [NYSE:TGE]: Analyst Rating and Earnings
Its stock price has been found in the range of 14.28 to 25.96. This is compared to its latest closing price of $19.80.
Keep your eyes peeled for this company’s upcoming financial results publication, which is slated for Wed 30 Oct (In 47 Days).
Fundamental Analysis of Tallgrass Energy, LP [TGE]
Now let’s turn to look at profitability: with a current Operating Margin for Tallgrass Energy, LP [TGE] sitting at +40.60 and its Gross Margin at +54.02, this company’s Net Margin is now 29.10%. These measurements indicate that Tallgrass Energy, LP [TGE] is generating considerably more profit, after expenses are accounted for, compared to its market peers.
This company’s Return on Total Capital is 6.57, and its Return on Invested Capital has reached 6.00%. Its Return on Equity is 15.46, and its Return on Assets is 2.69. These metrics suggest that this Tallgrass Energy, LP does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.
Turning to investigate this organization’s capital structure, Tallgrass Energy, LP [TGE] has generated a Total Debt to Total Equity ratio of 185.79. Similarly, its Total Debt to Total Capital is 65.01, while its Total Debt to Total Assets stands at 54.40. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 2.24, and its Long-Term Debt to Total Capital is 185.79.
What about valuation? This company’s Enterprise Value to EBITDA is 15.87 and its Total Debt to EBITDA Value is 7.62. The Enterprise Value to Sales for this firm is now 8.55, and its Total Debt to Enterprise Value stands at 0.50. Tallgrass Energy, LP [TGE] has a Price to Book Ratio of 2.20, a Price to Cash Flow Ratio of 3.55 and P/E Ratio of 13.55. These metrics all suggest that Tallgrass Energy, LP is more likely to generate a positive ROI.
Shifting the focus to workforce efficiency, Tallgrass Energy, LP [TGE] earns $1,018,332 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 4.27 and its Total Asset Turnover is 0.15. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 0.59 and its Current Ratio is 0.67. This company is not investing its short-term assets in an optimally efficient way, making it a riskier investment.
Tallgrass Energy, LP [TGE] has 278.47M shares outstanding, amounting to a total market cap of $5.51B. Its stock price has been found in the range of 14.28 to 25.96. At its current price, it has moved down by -23.02% from its 52-week high, and it has moved up 39.95% from its 52-week low.
This stock’s Beta value is currently 0.65, which indicates that it is 1.35% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 61.79. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Tallgrass Energy, LP [TGE] a Reliable Buy?
Shares of Tallgrass Energy, LP [TGE], on the whole, present investors with both positive and negative signals. Wall Street analysts have mixed reviews when it comes to the 12-month price outlook, and this company’s financials show a combination of strengths and weaknesses. Based on the price performance, this investment is somewhat risky while presenting reasonable potential for ROI.