TransMontaigne Partners L.P. (TLP) is Reiterated by Stifel to Buy, Raises Price Target to $ 47

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 $ 47 from a previous price target of $45 . Stifel advised their investors in a research report released on Aug 10, 2016.

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. opened for trading at $40.89 and hit $42.34 on the upside on Monday, eventually ending the session at $42.18, with a gain of 4.82% or 1.94 points. The heightened volatility saw the trading volume jump to 82,509 shares. Company has a market cap of $680 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.

TransMontaigne Partners L.P.

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