TransMontaigne Partners L.P. (NYSE:TLP) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of TransMontaigne Partners L.P. (NYSE:TLP) in a research report report published on Friday, July 28th. Stifel Nicolaus currently has a $50.00 price objective on the pipeline company’s stock.

A number of other research analysts have also commented on the stock. BidaskClub upgraded shares of TransMontaigne Partners L.P. from a sell rating to a hold rating in a research note on Monday, July 24th. DA Davidson upgraded shares of TransMontaigne Partners L.P. from a neutral rating to a buy rating and increased their target price for the stock from $48.00 to $51.00 in a research report on Thursday, June 15th. Finally, Zacks Investment Research lowered shares of TransMontaigne Partners L.P. from a buy rating to a hold rating in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $49.00.

Shares of TransMontaigne Partners L.P. (NYSE:TLP) traded down 0.25% on Friday, reaching $43.98. 41,346 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $43.55 and its 200 day moving average price is $44.25. The company has a market cap of $710.76 million, a price-to-earnings ratio of 18.71 and a beta of 0.30. TransMontaigne Partners L.P. has a 12 month low of $36.93 and a 12 month high of $49.31.

TransMontaigne Partners L.P. (NYSE:TLP) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. TransMontaigne Partners L.P. had a net margin of 25.71% and a return on equity of 11.66%. The business had revenue of $45.40 million for the quarter, compared to analyst estimates of $45.64 million. During the same quarter in the prior year, the business earned $0.50 EPS. TransMontaigne Partners L.P.’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that TransMontaigne Partners L.P. will post $2.65 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 8th. Shareholders of record on Monday, July 31st will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.73. TransMontaigne Partners L.P.’s dividend payout ratio is presently 125.96%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advocacy Wealth Management Services LLC raised its position in shares of TransMontaigne Partners L.P. by 109.1% in the first quarter. Advocacy Wealth Management Services LLC now owns 2,300 shares of the pipeline company’s stock worth $103,000 after buying an additional 1,200 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of TransMontaigne Partners L.P. by 375.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the pipeline company’s stock worth $170,000 after buying an additional 3,000 shares during the last quarter. Cypress Capital Management LLC WY raised its position in shares of TransMontaigne Partners L.P. by 17.3% in the first quarter. Cypress Capital Management LLC WY now owns 4,750 shares of the pipeline company’s stock worth $212,000 after buying an additional 700 shares during the last quarter. Naples Global Advisors LLC raised its position in shares of TransMontaigne Partners L.P. by 1.9% in the second quarter. Naples Global Advisors LLC now owns 8,025 shares of the pipeline company’s stock worth $337,000 after buying an additional 150 shares during the last quarter. Finally, Creative Planning raised its position in shares of TransMontaigne Partners L.P. by 4.9% in the first quarter. Creative Planning now owns 8,635 shares of the pipeline company’s stock worth $386,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 61.64% of the company’s stock.

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.