Bullish Chart Formation for Transmontaigne Partners L.P. (TLP) After Forming Bullish Inverse Head & Shoulders Chart Pattern

May 27, 2018 - By Clifton Ray

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.13, from 1.09 in 2017Q3. It turned negative, as 10 investors sold Transmontaigne Partners L.P. shares while 17 reduced holdings. 11 funds opened positions while 15 raised stakes. 9.61 million shares or 1.01% less from 9.71 million shares in 2017Q3 were reported.
Moreover, Jpmorgan Chase & has 0% invested in Transmontaigne Partners L.P. (NYSE:TLP) for 122,476 shares. Wells Fargo And Mn stated it has 314,201 shares or 0% of all its holdings. Principal owns 0% invested in Transmontaigne Partners L.P. (NYSE:TLP) for 26,225 shares. The New York-based Morgan Stanley has invested 0% in Transmontaigne Partners L.P. (NYSE:TLP). Moreover, Webster Bank & Trust N A has 0% invested in Transmontaigne Partners L.P. (NYSE:TLP). Renaissance Technology Limited Liability Corp holds 0% of its portfolio in Transmontaigne Partners L.P. (NYSE:TLP) for 50,200 shares. Arclight Partners Limited Liability accumulated 3.17 million shares or 13.49% of the stock. Eagle Glob Advsrs Limited Liability Com accumulated 7,600 shares. Alexandria Cap Limited Liability has 0.4% invested in Transmontaigne Partners L.P. (NYSE:TLP) for 69,380 shares. Tiedemann Wealth Mngmt Ltd Liability Corporation stated it has 0.16% in Transmontaigne Partners L.P. (NYSE:TLP). Global X Mgmt Ltd Liability Corp owns 190,995 shares. Pnc Fin Group has invested 0% in Transmontaigne Partners L.P. (NYSE:TLP). 12,495 are owned by Advisory. Bancorporation Of America Corporation De owns 0% invested in Transmontaigne Partners L.P. (NYSE:TLP) for 257,230 shares. Northern invested in 5,752 shares or 0% of the stock.

The stock of Transmontaigne Partners L.P. (TLP) formed H&SI with $39.88 price target or 5.00 % above the current $37.98 share price. The 7 months Head & Shoulders Inverse reveals low risk for the $628.68 million company. This trade was featured by Faxor.com on May, 27. If the $39.88 target price is reached, the company’s valuation will be $31.43M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 1.06% or $0.4 during the last trading session, reaching $37.98. About 9,002 shares traded. Transmontaigne Partners L.P. (NYSE:TLP) has declined 20.50% since May 27, 2017 and is downtrending. It has underperformed by 32.05% the S&P500.

Analysts await Transmontaigne Partners L.P. (NYSE:TLP) to report earnings on August, 14. They expect $0.64 EPS, down 8.57 % or $0.06 from last year’s $0.7 per share. TLP’s profit will be $10.59 million for 14.84 P/E if the $0.64 EPS becomes a reality. After $0.52 actual EPS reported by Transmontaigne Partners L.P. for the previous quarter, Wall Street now forecasts 23.08 % EPS growth.

Transmontaigne Partners L.P. (NYSE:TLP) Ratings Coverage

Among 4 analysts covering TransMontaigne Partners (NYSE:TLP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. TransMontaigne Partners had 5 analyst reports since November 30, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, March 20 by Stifel Nicolaus. The rating was maintained by UBS on Friday, March 2 with “Buy”. B. Riley & Co maintained Transmontaigne Partners L.P. (NYSE:TLP) rating on Tuesday, December 19. B. Riley & Co has “Neutral” rating and $45 target. Wells Fargo maintained it with “Market Perform” rating and $44 target in Thursday, November 30 report.

More recent Transmontaigne Partners L.P. (NYSE:TLP) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for Camden National, Myers Industries, Grand Canyon Education, MINDBODY …” on April 30, 2018. Also Seekingalpha.com published the news titled: “TransMontaigne Partners’ (TLP) CEO Fred Boutin on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018. Streetinsider.com‘s news article titled: “TransMontaigne Partners (TLP) Misses Q1 EPS by 15c, Beats on Revenues” with publication date: May 09, 2018 was also an interesting one.

TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company has market cap of $628.68 million. The firm offers its services to clients engaged in the trading, distribution, and marketing of light and heavy refined petroleum products, crude oil, chemicals, fertilizers, and other liquid products. It has a 17.26 P/E ratio. It operates 8 refined product terminals in Florida with approximately 6.9 million barrels of aggregate active storage capacity; and a 67-mile interstate refined products pipeline between Missouri and Arkansas, as well as 2 refined product terminals in Missouri and Arkansas with an aggregate active storage capacity of approximately 421,000 barrels.

Transmontaigne Partners L.P. (NYSE:TLP) Institutional Positions Chart

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