TransMontaigne Partners L.P. (TLP) Stock Price Up 4.1%
TransMontaigne Partners L.P. (NYSE:TLP) shares rose 4.1% during mid-day trading on Monday . The company traded as high as $41.91 and last traded at $41.90, with a volume of 54,643 shares changing hands. The stock had previously closed at $40.24.
TLP has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of TransMontaigne Partners L.P. from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, April 13th. Zacks Investment Research upgraded shares of TransMontaigne Partners L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 6th.
The stock’s 50-day moving average price is $40.50 and its 200-day moving average price is $37.38. The firm has a market capitalization of $680.45 million and a P/E ratio of 20.93.
TransMontaigne Partners L.P. (NYSE:TLP) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The business had revenue of $40.63 million for the quarter, compared to the consensus estimate of $39.29 million. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Analysts anticipate that TransMontaigne Partners L.P. will post $1.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Shareholders of record on Friday, July 29th will be given a $0.69 dividend. This is a boost from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.68. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Wednesday, July 27th.
TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminalling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. It provides integrated terminalling, storage and transportation for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products.
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