TransMontaigne Moves Oil, & Chemicals To Market

Today I’m reviewing a mid-cap oil and gas midstream firm named TransMontaigne Partners LP. It’s trading ticker symbol is TLP. 

TransMontaigne Partners LP is an oil pipeline and terminal company. It engages in terminal and transporting refined petroleum products, crude oil, chemicals, and fertilizer, in the Southeast and Gulf Coast and along the Mississippi and Ohio rivers.

The company operates 8 refined product terminals in Florida. It operates 1 crude oil terminal in Cushing; 1 refined product terminal located in Oklahoma City; 1 refined product terminal located in Brownsville; and a 16 mile LPG pipeline from its Brownsville facility to the U.S. border. In addition, the company operates a 174-mile bi-directional refined products pipeline; a terminal facility on Houston Ship Channel; 12 refined product terminals and a dock facility; 22 refined product terminals located along Colonial and Plantation pipelines.

TransMontaigne Partners L.P. was founded in 2005 and is headquartered in Denver, Colorado.

I use three key data points to gauge the value of any dividend equity or fund like TransMontaigne Partners L.P (TLP): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

TLP Price

TLP’s price per share was $38.68 at yesterday’s market close.A year ago its price was $43.01 for a price loss of $4.33 per share.  

Assuming TLP’s price will trade in the range of $35 to $55 next year, TransMontaigne’s current $38.68 price could recover $5 to $43.68 by early-October, 2019. 

TLP Dividends

TransMontaigne’s most recent quarterly dividend was $0.795 declared July 17th and paidAugust 8th. That recent dividend was increased from $0.785 in August.  

At this most recent $0.795 quarterly rate, TLP’s annual dividend equates to $3.18 yielding 8.2% at yesterday’s closing $38.68 price.