TransMontaigne Partners L.P. (TLP) Trading Up 4.1%
TransMontaigne Partners L.P. (NYSE:TLP) shares were up 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 trading hands. The stock had previously closed at $40.24.
A number of research analysts have recently issued reports on TLP shares. Stifel Nicolaus raised their price objective on TransMontaigne Partners L.P. from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, April 13th. Zacks Investment Research cut TransMontaigne Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 11th.
The stock has a 50 day moving average of $40.68 and a 200-day moving average of $37.73. The firm has a market cap of $677.22 million and a P/E ratio of 20.83.
TransMontaigne Partners L.P. (NYSE:TLP) last released its earnings results on Tuesday, August 9th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $41.14 million for the quarter, compared to analysts’ expectations of $39.80 million. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. Equities analysts predict that TransMontaigne Partners L.P. will post $1.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 8th. Shareholders of record on Friday, July 29th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 6.53%. The ex-dividend date was Wednesday, July 27th. This is an increase from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.68.
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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