TransMontaigne Partners L.P. (TLP) Trading Up 3%
Shares of TransMontaigne Partners L.P. (NYSE:TLP) were up 3% during mid-day trading on Monday . The stock traded as high as $46.45 and last traded at $45.47, with a volume of 131,614 shares. The stock had previously closed at $44.16.
Several analysts have issued reports on TLP shares. Stifel Nicolaus increased their target price 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. Zacks Investment Research cut shares of TransMontaigne Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 11th. Finally, DA Davidson started coverage on shares of TransMontaigne Partners L.P. in a research note on Thursday, August 18th. They issued a “neutral” rating and a $42.50 target price on the stock.
The company has a 50-day moving average price of $41.62 and a 200 day moving average price of $38.66. The company has a market cap of $691.90 million and a PE ratio of 22.87.
TransMontaigne Partners L.P. (NYSE:TLP) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The company earned $41.14 million during the quarter, compared to the consensus estimate of $39.80 million. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 earnings per share. On average, equities research analysts expect that TransMontaigne Partners L.P. will post $1.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Friday, July 29th were paid a $0.69 dividend. This is a boost from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.68. The ex-dividend date was Wednesday, July 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.50%.
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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