TransMontaigne Partners L.P. (TLP) Earning Somewhat Negative Press Coverage, Study Finds
News articles about TransMontaigne Partners L.P. (NYSE:TLP) have been trending somewhat negative on Sunday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TransMontaigne Partners L.P. earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.4723835913254 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
TransMontaigne Partners L.P. (TLP) traded up $0.55 during midday trading on Friday, hitting $42.73. The stock had a trading volume of 11,719 shares, compared to its average volume of 32,033. The firm has a market cap of $690.56, a price-to-earnings ratio of 16.76 and a beta of 0.24. TransMontaigne Partners L.P. has a fifty-two week low of $37.13 and a fifty-two week 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 data on Tuesday, August 8th. The pipeline company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. The business had revenue of $45.40 million for 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 company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. equities analysts expect that TransMontaigne Partners L.P. will post 2.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 23rd were paid a $0.755 dividend. This is a positive change from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.74. This represents a $3.02 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, October 20th. TransMontaigne Partners L.P.’s payout ratio is currently 118.43%.
A number of brokerages have issued reports on TLP. Zacks Investment Research lowered TransMontaigne Partners L.P. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub lowered TransMontaigne Partners L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price objective on shares of TransMontaigne Partners L.P. in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $50.25.
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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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