Stifel Nicolaus Downgrades TransMontaigne Partners L.P. to Hold with Price Target $50

Brokerage firm Stifel Nicolaus Downgrades its rating on TransMontaigne Partners L.P.(TLP). As per the latest information, Stifel Nicolaus Raises the price target to $50 per share from a prior target of $47. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Stifel Nicolaus was issued on Mar 15, 2017 in a research report to their Investors and Clients.

TransMontaigne Partners L.P. (TLP) made into the market gainers list on Fridays trading session with the shares advancing 0.02% or 0.01 points. Due to strong positive momentum, the stock ended at $47.73, which is also near the day’s high of $48.89. The stock began the session at $48.11 and the volume stood at 51,823 shares. The 52-week high of the shares is $49.31 and the 52 week low is $35.304. The company has a current market capitalization of $771 M and it has 1,61,61,262 shares in outstanding.

TransMontaigne Partners L.P.(TLP) last announced its earnings results on Mar 14, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $42.524M. Analysts had an estimated revenue of $41.390M. Earnings per share were $0.65. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On Apr 6, 2016, Daniel R Revers (director 10% owner) purchased 3,166,704 shares at $35.50 per share price.

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.

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