TransMontaigne Partners LP (TLP) has been a steady player over the last year in a very volatile environment, surprising and beating in each of the last 4 quarters by an average of 11 cents, or 24%.

Company Description

TransMontaigne Partners provides storage and transportation services for companies producing refined petroleum products in the United States. The company was founded in 2005 and has a market cap of $345 million.

Shares of TLP are up huge over the last 6 months as energy prices have rallied with the overall market. The company also helped its cause with better than expected second-quarter results, reported on August 6.

Second-Quarter Results

Revenue was up $700,000 from last year to $35.8 million. Earnings came in at 59 cents per share, 14 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last 4 quarters by an average of 11 cents, or 24%.

Estimates Up

Estimates have been trending higher of the last few months, with the current year adding 18 cents and climbing to $2.09. The next-year estimate is also up 18 cents to $2.20, a modest 5%.

Valuation

Based on the current-year estimate, this stock has a P/E multiple of 13X, a discount to the overall market.

The Chart

Shares of TLP have been rallying big for the last 6 months, jumping from just above $14 in early March to a recent high above $28, where some short-term resistance has developed. Take a look below.

Zacks Investment Research
View original at: Zacks.com News Feed

1. ($CS) Credit Suisse Group Trades at a Discount to the Overall MarketCredit Suisse Group (CS) has posted huge gains over the last 4 months as the...
2. (DPS) Dr. Pepper Snapple Group Inc. – P/E multiple of 14X – discount to the overall marketDr. Pepper Snapple Group Inc. (DPS) is up more than 100% in the last four...
3. (KMB) Kimberly Clark Corporation – discount to the overall market with a very nice growth projectionKimberly Clark Corporation (KMB) is fresh off the heels of reporting solid second-quarter results in...
4. (GEL) Genesis Energy – trades at only 7x forward earnings and has a current dividend yield of 11.80%Genesis Energy, L. P. (GEL) just announced its 14th consecutive quarterly dividend increase as the...
5. (HOGS) – Zhongpin Inc – PEG ratio is approximately 0.26, a significant discount to the industry average of 1.2Zhongpin Inc. (HOGS) just raised earnings guidance and it trading at a bargain PEG ratio...
6. (HOGS) – Zhongpin Inc – PEG ratio is approximately 0.26, a significant discount to the industry average of 1.2Zhongpin Inc. (HOGS) just raised earnings guidance and it trading at a bargain PEG ratio...

Search Posts by Tag: TLP | Transmontaigne Partners L.P. | Basic Materials | Oil & Gas Pipelines

RSS Feeds by Tag: TLP | Transmontaigne Partners L.P. | Basic Materials | Oil & Gas Pipelines |

Other Posts by: vitalstocks | RSS Feed for this author