TransMontaigne Partners L.P. (TLP) Shares Down 2.7%
TransMontaigne Partners L.P. (NYSE:TLP) fell 2.7% on Friday . The company traded as low as $44.07 and last traded at $44.10, with a volume of 57,043 shares changing hands. The stock had previously closed at $45.33.
A number of brokerages have recently weighed in on TLP. Zacks Investment Research lowered shares of TransMontaigne Partners L.P. from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 11th. Stifel Nicolaus lifted their price target 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. Finally, 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 target on the stock.
The company has a market cap of $712.39 million and a PE ratio of 23.55. The company has a 50 day moving average of $41.51 and a 200 day moving average of $38.38.
TransMontaigne Partners L.P. (NYSE:TLP) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. During the same period last year, the company posted $0.64 EPS. The company had revenue of $41.14 million for the quarter, compared to analyst estimates of $39.80 million. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts predict that TransMontaigne Partners L.P. will post $1.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 8th. Shareholders of record on Friday, July 29th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $2.76 annualized dividend and a yield of 6.25%. 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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