TransMontaigne Partners L.P. (TLP) Sees Unusually-High Trading Volume
Shares of TransMontaigne Partners L.P. (NYSE:TLP) saw an uptick in trading volume on Monday . 125,451 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 54,892 shares.The stock last traded at $44.49 and had previously closed at $43.36.
A number of brokerages have weighed in on TLP. Stifel Nicolaus boosted their target price on shares of TransMontaigne Partners L.P. from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised shares of TransMontaigne Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 6th.
The firm has a 50 day moving average price of $41.05 and a 200-day moving average price of $38.10. The firm has a market capitalization of $710.94 million and a price-to-earnings ratio of 23.50.
TransMontaigne Partners L.P. (NYSE:TLP) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The business earned $41.14 million during the quarter, compared to analyst estimates of $39.80 million. During the same period in the previous year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that TransMontaigne Partners L.P. will post $1.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Friday, July 29th were given a $0.69 dividend. This is a positive change from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.68. This represents a $2.76 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was 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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