TransMontaigne Partners L.P. (NYSE:TLP) shares traded down 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 research analysts recently weighed in 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 report on Wednesday, July 6th. Stifel Nicolaus upped their target price 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. Finally, DA Davidson assumed coverage on shares of TransMontaigne Partners L.P. in a report on Thursday. They set a “neutral” rating and a $42.50 target price for the company.

The firm has a market capitalization of $712.39 million and a price-to-earnings ratio of 23.55. The company’s 50 day moving average price is $41.51 and its 200 day moving average price is $38.38.

TransMontaigne Partners L.P. (NYSE:TLP) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.50 earnings per share (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 analysts’ expectations of $39.80 million. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. Equities analysts predict 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. Stockholders of record on Friday, July 29th were given a $0.69 dividend. This is an increase 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 of this dividend 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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