TransMontaigne Partners L.P. (TLP) Trading Up 2.5%
TransMontaigne Partners L.P. (NYSE:TLP)’s share price was up 2.5% during trading on Tuesday . The stock traded as high as $40.73 and last traded at $40.55, with a volume of 67,002 shares trading hands. The stock had previously closed at $39.55.
Several equities analysts recently commented on TLP shares. Zacks Investment Research raised TransMontaigne Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 6th. Stifel Nicolaus raised their price objective on TransMontaigne Partners L.P. from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, April 13th.
The stock has a market cap of $662.06 million and a P/E ratio of 20.37. The stock has a 50-day moving average of $40.36 and a 200 day moving average of $37.31.
TransMontaigne Partners L.P. (NYSE:TLP) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The business had revenue of $40.63 million for the quarter, compared to the consensus estimate of $39.29 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that TransMontaigne Partners L.P. will post $1.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 8th. Shareholders of record on Friday, July 29th will be issued a $0.69 dividend. This is a boost from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.73%.
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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