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.

Gains For TLP?

Adding the $3.18 estimated annual dividend to my estimated $5.00 annual price upside for TLP makes an $8.18potential gross annual per share gain, which gets reduced by the costs to trade the shares.  

 A little over $1,000.00 invested today at the $38.68 recent price buys 26 TransMontaigne Partners L.P (TLP) shares. 

A $10 broker fee paid half at purchase and half at sale costs $0.38 per share, subtracting that $0.38 brokerage cost from the estimated $8.18 gross annual gain leaves a net gain of $7.80 X 26 shares = $202.80 or a 20% net gain on a $1,005.68 investment.

Therefore, TransMontaigne Partners L.P., whose trading ticker symbol is TLP, now shows a possible 20% net gain including an 8.2% dividend yield. 

Four brokers cover this stock:

One says TLP is a stock to "buy".

None says TLP will "outperform" its peers.

Three say TLP is a stock to "hold".

Thus, the consensus analyst recommendation number is 2.5 or "outperform".

The median price target set by those four brokers is$1.07 over the 43.68 price target I suggested for TLP. 

So, you could look at all these speculative numbers this way, TransMontaigne Partners L.P., whose trading ticker symbol is TLP,has made money, is making money, and could net a 20% net annual gain including an 8.2% dividend yieldor continue to 10% and not cover the decline with its dividend. It could be more, it could be less.

The above speculation is based on past year performance. Actual results remain to be seen. Those results will determine if TransMontaigne Partners L.P (TLP) is worth your time and money.