Transmontaigne Partners (TLP) is Upgraded by Stifel to Buy, Price Target at $27

Transmontaigne Partners (TLP) is Upgraded by Stifel to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $27. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-24-2015.

Shares of Transmontaigne Partners L.P. (NYSE:TLP) ended Thursday session in red amid volatile trading. The shares closed down 0.73 points or 3.4% at $20.77 with 126,584 shares getting traded. Post opening the session at $21.48, the shares hit an intraday low of $20.77 and an intraday high of $21.87 and the price vacillated in this range throughout the day. The company has a market cap of $335 million and the number of outstanding shares has been calculated to be 16,124,566 shares. The 52-week high of Transmontaigne Partners L.P. (NYSE:TLP) is $43 and the 52-week low is $20.261.

Research firm Zacks has rated Transmontaigne Partners L.P. (NYSE:TLP) and has ranked it at 3, indicating that for the short term the shares are a hold. 2 Wall Street analysts have given the company an average rating of 2. The shares has received a hold rating based on the suggestion from 1 analysts in latest recommendations. Strong buy was given by 1 Wall Street Analysts.

Transmontaigne Partners L.P. has lost 13.53% in the last five trading days and dropped 23.1% in the last 4 weeks. Transmontaigne Partners L.P. has dropped 26.66% during the last 3-month period . Year-to-Date the stock performance stands at -28.84%.

TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminaling 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 terminaling, 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. Effective March 1, 2011, the Company acquired from TransMontaigne Inc. its Pensacola, Florida refined petroleum products terminal with approximately 270,000 barrels of aggregate active storage capacity. Effective October 18, 2011, it sold a 50% interest in the BOSTCO project to a subsidiary of Kinder Morgan Energy Partners, L.P.