TransMontaigne Partners L.P. (TLP) Earns Coverage Optimism Score of 0.20
Press coverage about TransMontaigne Partners L.P. (NYSE:TLP) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransMontaigne Partners L.P. earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 47.4741757224591 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several brokerages recently issued reports on TLP. BidaskClub upgraded TransMontaigne Partners L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price target on shares of TransMontaigne Partners L.P. in a report on Friday, July 28th. Zacks Investment Research upgraded TransMontaigne Partners L.P. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, August 10th. Finally, DA Davidson upgraded TransMontaigne Partners L.P. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $48.00 to $51.00 in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. TransMontaigne Partners L.P. currently has an average rating of “Buy” and a consensus target price of $50.25.
Shares of TransMontaigne Partners L.P. (NYSE TLP) traded down 0.65% on Friday, reaching $43.02. The company’s stock had a trading volume of 6,157 shares. The stock has a 50-day moving average of $43.65 and a 200 day moving average of $43.59. 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 $695.25 million, a PE ratio of 16.87 and a beta of 0.29.
TransMontaigne Partners L.P. (NYSE:TLP) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. TransMontaigne Partners L.P. had a net margin of 28.78% and a return on equity of 13.38%. The firm had revenue of $45.40 million during the quarter, compared to analyst estimates of $45.64 million. During the same quarter last year, the business posted $0.50 EPS. The company’s revenue was up 10.5% on a year-over-year basis. On average, equities analysts forecast that TransMontaigne Partners L.P. will post $2.74 EPS for the current year.
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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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