The Generation Essentials Group (NYSE:TGE – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 213,543 shares, a growth of 272.4% from the September 30th total of 57,343 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,490,645 shares, the short-interest ratio is presently 0.1 days.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of The Generation Essentials Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on The Generation Essentials Group
The Generation Essentials Group Price Performance
NYSE:TGE traded down $0.02 during mid-day trading on Friday, reaching $0.50. 21,191 shares of the company’s stock were exchanged, compared to its average volume of 1,152,250. The Generation Essentials Group has a one year low of $0.47 and a one year high of $3.21. The business’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $1.09.
The Generation Essentials Group (NYSE:TGE – Get Free Report) last released its earnings results on Wednesday, September 30th. The company reported $0.28 earnings per share for the quarter. The company had revenue of $32.93 million for the quarter.
About The Generation Essentials Group
Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling. It also provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for customers in Wyoming; and natural gas liquids (NGLs) transportation services in Northeast Colorado and Wyoming.
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