Shares of TransMontaigne Partners L.P. (NYSE:TLP) have been given a consensus rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $51.25.
Several research firms recently issued reports on TLP. UBS AG raised their target price on shares of TransMontaigne Partners L.P. from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of TransMontaigne Partners L.P. from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 target price on shares of TransMontaigne Partners L.P. in a research report on Thursday, August 10th. Finally, BidaskClub cut shares of TransMontaigne Partners L.P. from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.
Shares of TransMontaigne Partners L.P. (TLP) traded down $1.12 on Thursday, hitting $41.08. The stock had a trading volume of 64,746 shares, compared to its average volume of 34,124. The company has a market cap of $682.16, a PE ratio of 16.55 and a beta of 0.24. TransMontaigne Partners L.P. has a one year low of $37.49 and a one year high of $49.31. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.81.
TransMontaigne Partners L.P. (NYSE:TLP) last released its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.23). TransMontaigne Partners L.P. had a return on equity of 13.38% and a net margin of 28.78%. The firm had revenue of $45.45 million for the quarter, compared to analyst estimates of $46.10 million. During the same period in the prior year, the business earned $0.58 earnings per share. TransMontaigne Partners L.P.’s revenue for the quarter was up 11.8% on a year-over-year basis. research analysts anticipate that TransMontaigne Partners L.P. will post 2.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 23rd were issued a $0.755 dividend. This is a positive change from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, October 20th. This represents a $3.02 annualized dividend and a yield of 7.35%. TransMontaigne Partners L.P.’s dividend payout ratio (DPR) is presently 118.43%.
A number of hedge funds and other institutional investors have recently bought and sold shares of TLP. Tower Research Capital LLC TRC purchased a new position in TransMontaigne Partners L.P. in the second quarter valued at approximately $154,000. PNC Financial Services Group Inc. raised its holdings in TransMontaigne Partners L.P. by 375.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the pipeline company’s stock valued at $170,000 after buying an additional 3,000 shares during the period. Hillsdale Investment Management Inc. purchased a new position in TransMontaigne Partners L.P. in the second quarter valued at approximately $231,000. Archford Capital Strategies LLC raised its holdings in TransMontaigne Partners L.P. by 1,058.0% in the second quarter. Archford Capital Strategies LLC now owns 2,895 shares of the pipeline company’s stock valued at $237,000 after buying an additional 2,645 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in TransMontaigne Partners L.P. in the second quarter valued at approximately $244,000. Hedge funds and other institutional investors own 62.31% of the company’s stock.
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TransMontaigne Partners L.P. Company Profile
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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