TransMontaigne Partners (TLP) Upgraded by ValuEngine to “Buy”

TransMontaigne Partners (NYSE:TLP) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other research analysts have also issued reports on TLP. UBS Group decreased their target price on shares of TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Wells Fargo & Co reduced their price target on shares of 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. TheStreet lowered shares of TransMontaigne Partners from a “b” rating to a “c+” rating in a research report on Wednesday, September 5th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of TransMontaigne Partners in a research report on Saturday, November 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. TransMontaigne Partners currently has an average rating of “Hold” and an average target price of $44.00.

Shares of NYSE:TLP traded up $4.58 on Monday, reaching $40.98. 2,202,600 shares of the company’s stock were exchanged, compared to its average volume of 40,200. TransMontaigne Partners has a twelve month low of $33.97 and a twelve month high of $42.85. The firm has a market cap of $590.74 million, a PE ratio of 18.63, a PEG ratio of 4.14 and a beta of 0.18. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.67.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Oak Wealth Management Inc. boosted its position in shares of TransMontaigne Partners by 135.7% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 3,300 shares of the pipeline company’s stock worth $127,000 after acquiring an additional 1,900 shares in the last quarter. First Republic Investment Management Inc. boosted its position in shares of TransMontaigne Partners by 37.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 7,506 shares of the pipeline company’s stock worth $289,000 after acquiring an additional 2,054 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of TransMontaigne Partners by 12.4% during the 1st quarter. Principal Financial Group Inc. now owns 29,479 shares of the pipeline company’s stock worth $1,055,000 after acquiring an additional 3,254 shares in the last quarter. Tiedemann Advisors LLC boosted its position in shares of TransMontaigne Partners by 6.6% during the 2nd quarter. Tiedemann Advisors LLC now owns 60,780 shares of the pipeline company’s stock worth $2,239,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of TransMontaigne Partners by 29.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 31,403 shares of the pipeline company’s stock worth $447,000 after acquiring an additional 7,103 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

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.

Further Reading: Debt-To-Equity Ratio

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