TransMontaigne Partners L.P. (NYSE:TLP) Receives Average Rating of “Strong Buy” from Analysts

Shares of TransMontaigne Partners L.P. (NYSE:TLP) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. TransMontaigne Partners L.P.’s rating score has improved by 50% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus price target of $32.00 for the company and are anticipating that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given TransMontaigne Partners L.P. an industry rank of 188 out of 265 based on the ratings given to related companies.

A number of equities analysts recently commented on the company. Zacks Investment Research raised TransMontaigne Partners L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, October 13th. Stifel Nicolaus raised TransMontaigne Partners L.P. from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, December 24th.

Shares of TransMontaigne Partners L.P. (NYSE:TLP) opened at 26.63 on Monday. The stock has a market capitalization of $429.38 million and a PE ratio of 15.05. The company’s 50-day moving average price is $24.18 and its 200 day moving average price is $30.62. TransMontaigne Partners L.P. has a one year low of $20.26 and a one year high of $43.00.

TransMontaigne Partners L.P. (NYSE:TLP) last announced its earnings results on Thursday, November 5th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.17. The company earned $37.30 million during the quarter, compared to the consensus estimate of $38.30 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts anticipate that TransMontaigne Partners L.P. will post $2.29 EPS for the current year.

12 Month Chart for NYSE:TLP

TransMontaigne Partners L.P. (NYSE:TLP) is a terminalling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. It provides integrated terminalling, storage and transportation for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. Light refined products include gasolines, diesel fuels, heating oil and jet fuels. Heavy refined products include residual fuel oils and asphalt. The Company’s business segments include Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.

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