TransMontaigne Partners L.P. (TLP) Sets New 52-Week High at $45.28
TransMontaigne Partners L.P. (NYSE:TLP) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.28 and last traded at $44.93, with a volume of 69,994 shares. The stock had previously closed at $44.38.
A number of equities research analysts have issued reports on the stock. DA Davidson assumed coverage on shares of TransMontaigne Partners L.P. in a research note on Thursday. They set a “neutral” rating and a $42.50 price objective on the stock. Zacks Investment Research upgraded shares of TransMontaigne Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Stifel Nicolaus increased their price objective 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.
The firm’s 50 day moving average price is $41.31 and its 200-day moving average price is $38.23. The company has a market cap of $743.69 million and a P/E ratio of 24.59.
TransMontaigne Partners L.P. (NYSE:TLP) last posted its quarterly 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. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company earned $41.14 million during the quarter, compared to analyst estimates of $39.80 million. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts anticipate that TransMontaigne Partners L.P. will post $1.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Friday, July 29th were paid a $0.69 dividend. The ex-dividend date was Wednesday, July 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.22%. This is a positive change 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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