TransMontaigne Partners L.P. (TLP) is Initiated by DA Davidson to Neutral, Price Target at $42.50

TransMontaigne Partners L.P. (TLP) was Initiated by DA Davidson to “Neutral” and the brokerage firm has set the Price Target at $42.50. DA Davidson advised their investors in a research report released on Aug 18, 2016.

Many Wall Street Analysts have commented on TransMontaigne Partners L.P.. Company shares were Reiterated by Stifel on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .

On the company’s financial health, TransMontaigne Partners L.P. reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.52. The company had revenue of $41.14 million for the quarter, compared to analysts expectations of $39.80 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

TransMontaigne Partners L.P. closed down -0.1 points or -0.22% at $44.38 with 31,603 shares getting traded on Wednesday. Post opening the session at $44.68, the shares hit an intraday low of $44.015 and an intraday high of $44.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

TransMontaigne Partners L.P.

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