Headlines about TransMontaigne Partners (NYSE:TLP) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransMontaigne Partners earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 47.3380657362091 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several brokerages recently issued reports on TLP. Wells Fargo & Co cut their price target on shares of TransMontaigne Partners from $41.00 to $38.00 and set a “market perform” rating for the company in a report on Tuesday, August 14th. UBS Group cut their price target on shares of TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, August 10th. ValuEngine raised shares of TransMontaigne Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Stifel Nicolaus downgraded shares of TransMontaigne Partners from a “buy” rating to a “hold” rating and cut their price target for the company from $43.00 to $40.00 in a report on Wednesday, July 11th. Finally, Zacks Investment Research downgraded shares of TransMontaigne Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. TransMontaigne Partners presently has an average rating of “Hold” and a consensus price target of $44.25.

TLP stock traded up $0.15 during trading on Friday, hitting $38.70. 20,635 shares of the stock traded hands, compared to its average volume of 26,512. TransMontaigne Partners has a one year low of $33.97 and a one year high of $45.86. The company has a market capitalization of $627.31 million, a P/E ratio of 17.59, a P/E/G ratio of 4.43 and a beta of 0.26. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.63.

TransMontaigne Partners (NYSE:TLP) last announced its quarterly earnings results on Thursday, August 9th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.23). TransMontaigne Partners had a net margin of 19.14% and a return on equity of 10.81%. The firm had revenue of $55.34 million for the quarter, compared to the consensus estimate of $57.48 million. research analysts expect that TransMontaigne Partners will post 1.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 8th. Shareholders of record on Tuesday, July 31st were paid a $0.795 dividend. The ex-dividend date of this dividend was Monday, July 30th. This is an increase from TransMontaigne Partners’s previous quarterly dividend of $0.79. This represents a $3.18 dividend on an annualized basis and a dividend yield of 8.22%. TransMontaigne Partners’s payout ratio is currently 144.55%.

TransMontaigne Partners Company Profile

TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company operates through Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals, Southeast terminals, and West Coast terminals segments. It offers its services for companies engaged in the trading, distribution, and marketing of light and heavy refined petroleum products, crude oil, chemicals, fertilizers, and other liquid products.

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