News coverage about TransMontaigne Partners (NYSE:TLP) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransMontaigne Partners earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.1979918082813 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts recently issued reports on the stock. B. Riley set a $45.00 price target on shares of TransMontaigne Partners and gave the stock a “neutral” rating in a report on Monday, December 18th. UBS Group increased their price target on shares of TransMontaigne Partners from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of TransMontaigne Partners from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Co began coverage on shares of TransMontaigne Partners in a report on Thursday, November 30th. They set a “market perform” rating and a $44.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.00.
Shares of TransMontaigne Partners (NYSE:TLP) opened at $41.47 on Friday. TransMontaigne Partners has a 12-month low of $37.40 and a 12-month high of $49.31. The company has a market cap of $663.76, a PE ratio of 17.00 and a beta of 0.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85.
TransMontaigne Partners (NYSE:TLP) last announced its quarterly earnings results on Wednesday, November 8th. The pipeline company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.25). TransMontaigne Partners had a net margin of 27.49% and a return on equity of 13.16%. The company had revenue of $45.45 million for the quarter, compared to analyst estimates of $46.10 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. TransMontaigne Partners’s revenue was up 11.8% on a year-over-year basis. sell-side analysts anticipate that TransMontaigne Partners will post 2.31 EPS for the current fiscal year.
In related news, Director Steven A. Blank purchased 1,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was acquired at an average cost of $39.56 per share, for a total transaction of $39,560.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.40% of the stock is owned by company insiders.
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About TransMontaigne Partners
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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