TransMontaigne Partners L.P. (TLP) Trading Up 3%
TransMontaigne Partners L.P. (NYSE:TLP)’s share price was up 3% during trading on Monday . The stock traded as high as $46.45 and last traded at $45.47, with a volume of 131,614 shares changing hands. The stock had previously closed at $44.16.
Several equities analysts recently commented on TLP shares. DA Davidson started coverage on TransMontaigne Partners L.P. in a research note on Thursday. They issued a “neutral” rating and a $42.50 price objective on the stock. Zacks Investment Research downgraded TransMontaigne Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 11th. Finally, Stifel Nicolaus upped their price objective on TransMontaigne Partners L.P. from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th.
The stock’s 50 day moving average price is $41.51 and its 200 day moving average price is $38.38. The firm has a market cap of $705.45 million and a price-to-earnings ratio of 23.32.
TransMontaigne Partners L.P. (NYSE:TLP) last announced its earnings results on Tuesday, August 9th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $41.14 million for the quarter, compared to the consensus estimate of $39.80 million. TransMontaigne Partners L.P.’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. Equities analysts forecast that TransMontaigne Partners L.P. will post $1.91 earnings per share for the current fiscal year.
The firm also recently announced 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. This is a positive change 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 6.25%. The ex-dividend date 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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