Press coverage about TransMontaigne Partners L.P. (NYSE:TLP) has been trending somewhat negative recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransMontaigne Partners L.P. earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.7795172789931 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded TransMontaigne Partners L.P. from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price objective on shares of TransMontaigne Partners L.P. in a report on Friday, July 28th. Finally, BidaskClub upgraded TransMontaigne Partners L.P. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. TransMontaigne Partners L.P. currently has a consensus rating of “Hold” and a consensus price target of $50.25.
TransMontaigne Partners L.P. (NYSE:TLP) traded up 1.532% during trading on Friday, reaching $41.699. The company’s stock had a trading volume of 9,876 shares. The stock has a 50 day moving average price of $43.16 and a 200 day moving average price of $43.30. TransMontaigne Partners L.P. has a 1-year low of $36.93 and a 1-year high of $49.31. The stock has a market capitalization of $673.90 million, a PE ratio of 16.353 and a beta of 0.29.
TransMontaigne Partners L.P. (NYSE:TLP) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $45.40 million during the quarter, compared to analyst estimates of $45.64 million. TransMontaigne Partners L.P. had a return on equity of 13.38% and a net margin of 28.78%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Analysts anticipate that TransMontaigne Partners L.P. will post $2.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.755 per share. This is a positive change from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.74. This represents a $3.02 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Friday, October 20th. TransMontaigne Partners L.P.’s dividend payout ratio (DPR) is presently 118.43%.
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About TransMontaigne Partners L.P.
TransMontaigne Partners L.P. is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company operates its business in five principal business segments: Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.
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