TransMontaigne Partners L.P. (TLP) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 45 from a previous price target of $40 . Stifel advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on TransMontaigne Partners L.P.. Company shares were Reiterated by Stifel on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Company shares were Reiterated by Stifel on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .Company shares were Reiterated by Stifel on Jan 28, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .
On the company’s financial health, TransMontaigne Partners L.P. reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $0.46. The company had revenue of $40.31 million for the quarter, compared to analysts expectations of $38.55 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
TransMontaigne Partners L.P. opened for trading at $38.27 and hit $40.8 on the upside on Monday, eventually ending the session at $40.52, with a gain of 7.22% or 2.73 points. The heightened volatility saw the trading volume jump to 1,07,235 shares. Company has a market cap of $653 M.
TransMontaigne Partners L.P. (TransMontaigne Partners) 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.