DA Davidson Initiates Coverage on TransMontaigne Partners L.P. to Neutral

DA Davidson Initiates Coverage on TransMontaigne Partners L.P.(NYSE:TLP). The shares have been rated Neutral. The rating by DA Davidson was issued on Aug 18, 2016.

TransMontaigne Partners L.P. (TLP) made into the market gainers list on Mondays trading session with the shares advancing 0.42% or 0.18 points. Due to strong positive momentum, the stock ended at $43.48, which is also near the day’s high of $44.139. The stock began the session at $43.51 and the volume stood at 37,781 shares. The 52-week high of the shares is $46.45 and the 52 week low is $20.261. The company has a current market capitalization of $701 M and it has 1,61,32,298 shares in outstanding.

TransMontaigne Partners L.P.(TLP) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $41.14M. Analysts had an estimated revenue of $39.80M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.52.

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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