TransMontaigne Partners L.P. (TLP) Reaches New 1-Year High at $45.28
Shares of TransMontaigne Partners L.P. (NYSE:TLP) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.28 and last traded at $44.93, with a volume of 69,994 shares trading hands. The stock had previously closed at $44.38.
TLP has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on shares of TransMontaigne Partners L.P. from $45.00 to $47.00 and gave the company a “buy” rating in a report 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 report on Wednesday, July 6th. Finally, DA Davidson initiated coverage on shares of TransMontaigne Partners L.P. in a report on Thursday. They issued a “neutral” rating and a $42.50 price target on the stock.
The firm has a market capitalization of $712.39 million and a PE ratio of 23.55. The firm’s 50 day moving average is $41.51 and its 200-day moving average is $38.38.
TransMontaigne Partners L.P. (NYSE:TLP) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm earned $41.14 million during the quarter, compared to analyst estimates of $39.80 million. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. Equities research analysts forecast that TransMontaigne Partners L.P. will post $1.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Friday, July 29th were issued a $0.69 dividend. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $2.76 dividend on an annualized basis 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.