TransMontaigne Partners L.P. (TLP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TransMontaigne Partners L.P. (NYSE:TLP) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $44.25.

Several brokerages have weighed in on TLP. UBS Group dropped their target price on TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Zacks Investment Research raised TransMontaigne Partners from a “sell” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, October 16th. Wells Fargo & Co dropped their target price on TransMontaigne Partners from $41.00 to $38.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 14th. Finally, TheStreet lowered TransMontaigne Partners from a “b” rating to a “c+” rating in a research report on Wednesday, September 5th.

Shares of TransMontaigne Partners stock opened at $36.40 on Monday. The stock has a market capitalization of $592.36 million, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 4.16 and a beta of 0.18. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.60 and a quick ratio of 0.60. TransMontaigne Partners has a 1 year low of $33.97 and a 1 year high of $42.85.

TransMontaigne Partners (NYSE:TLP) last announced its quarterly earnings data on Thursday, November 8th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The business had revenue of $57.15 million during the quarter, compared to analysts’ expectations of $58.11 million. TransMontaigne Partners had a return on equity of 10.94% and a net margin of 18.07%. On average, research analysts forecast that TransMontaigne Partners will post 1.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Wednesday, October 31st were given a $0.805 dividend. This is a positive change from TransMontaigne Partners’s previous quarterly dividend of $0.80. This represents a $3.22 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend was Tuesday, October 30th. TransMontaigne Partners’s dividend payout ratio is presently 146.36%.

Hedge funds have recently modified their holdings of the business. Tiedemann Advisors LLC increased its position in TransMontaigne Partners by 6.6% in the 2nd quarter. Tiedemann Advisors LLC now owns 60,780 shares of the pipeline company’s stock worth $2,239,000 after purchasing an additional 3,750 shares during the last quarter. First Trust Advisors LP increased its position in TransMontaigne Partners by 6.2% in the 3rd quarter. First Trust Advisors LP now owns 139,442 shares of the pipeline company’s stock worth $5,369,000 after purchasing an additional 8,152 shares during the last quarter. Principal Financial Group Inc. increased its position in TransMontaigne Partners by 12.4% in the 1st quarter. Principal Financial Group Inc. now owns 29,479 shares of the pipeline company’s stock worth $1,055,000 after purchasing an additional 3,254 shares during the last quarter. OppenheimerFunds Inc. increased its position in TransMontaigne Partners by 3.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,407,221 shares of the pipeline company’s stock worth $88,682,000 after purchasing an additional 72,290 shares during the last quarter. Finally, Peak Asset Management LLC increased its position in TransMontaigne Partners by 151.0% in the 3rd quarter. Peak Asset Management LLC now owns 28,862 shares of the pipeline company’s stock worth $1,111,000 after purchasing an additional 17,362 shares during the last quarter. 63.25% of the stock is currently owned by institutional investors.

About TransMontaigne Partners

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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