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Date | Price Target | Rating | Analyst |
---|---|---|---|
11/23/2022 | $65.00 | Buy | The Benchmark Company |
2/28/2022 | $62.00 → $60.00 | Buy | B. Riley Securities |
11/10/2021 | $14.00 → $17.00 | Outperform | RBC Capital |
10/11/2021 | $44.00 → $60.00 | Outperform → Market Perform | BMO Capital |
15-12G - TravelCenters of America Inc. /MD/ (0001378453) (Filer)
S-8 POS - TravelCenters of America Inc. /MD/ (0001378453) (Filer)
S-8 POS - TravelCenters of America Inc. /MD/ (0001378453) (Filer)
WESTLAKE, Ohio, May 16, 2023 /PRNewswire/ -- TravelCenters of America Inc. (NASDAQ:TA), the nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center brands, announced yesterday the completion of the all-cash acquisition of TA by BP Products North America Inc. Notice of Intent to Delist and Deregister Senior Notes (NASDAQ:TANNI, TANNL, TANNZ))) In connection with the closing of the transaction, TA announced today that it has notified The Nasdaq Stock Market LLC ("Nasdaq") of its intention to voluntarily delist from the Nasdaq Global Sele
Adds a network of around 280 travel centers, strategically located on major highways across US; complementing bp's US convenience and mobility business.Almost doubles bp's global convenience gross margin.Brings growth opportunities for four of bp's five transition growth engines including EV charging via bp pulse, convenience, biofuels/ renewable natural gas (RNG) and, later, hydrogen. Adds EBITDA immediately, expected to grow to around $800m by 2025, underpinned by investment, integration value and synergies. HOUSTON, May 15, 2023 /PRNewswire/ -- Today BP Products North America Inc., a wholly owned indirect subsidiary of BP p.l.c. (NYSE:BP), completed its $1.3 billion acquisition of TravelC
Transaction Expected to Close on May 15, 2023 TravelCenters of America Inc. (NASDAQ:TA), the nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center brands, today announced that, at its Special Meeting of Stockholders held earlier today, TA stockholders voted to approve TA's merger with and into a wholly-owned indirect subsidiary of BP p.l.c. (NYSE:BP). As previously announced, under the terms of the merger agreement between TA and BP's wholly-owned subsidiary, BP's wholly-owned subsidiary will acquire all of the outstanding shares of TA common stock for $86.00 per share in cash. The transaction price represents an 84% premium to TA's average trad
4 - TravelCenters of America Inc. /MD/ (0001378453) (Issuer)
4 - TravelCenters of America Inc. /MD/ (0001378453) (Issuer)
4 - TravelCenters of America Inc. /MD/ (0001378453) (Issuer)
The Benchmark Company initiated coverage of TravelCenters of America with a rating of Buy and set a new price target of $65.00
B. Riley Securities reiterated coverage of TravelCenters of America with a rating of Buy and set a new price target of $60.00 from $62.00 previously
RBC Capital reiterated coverage of TransAlta with a rating of Outperform and set a new price target of $17.00 from $14.00 previously
BP plc (NYSE:BP) subsidiary, BP Products North America Inc., completed the previously announced acquisition of TravelCenters of America Inc (NASDAQ:TA) for $1.3 billion. The acquisition price represented an 84% premium to the average trading price of the 30 days of $46.68 ending February 15. The buyout boosts BP's US convenience and mobility business by adding a network of around 280 travel centers strategically located across the U.S. The transaction also offers BP a growth opportunity to enhance its transition growth engines, with around half of its expected cumulative investment of $55 billion-$65 billion to be spent on EV charging, convenience and bioenergy by 2030. Emma Delaney,
TravelCenters Of America (NASDAQ:TA) reported its Q1 earnings results on Wednesday, April 26, 2023 at 04:00 PM. Here's what investors need to know about the announcement. Earnings TravelCenters Of America missed estimated earnings by 134.85%, reporting an EPS of $-0.23 versus an estimate of $0.66. Revenue was down $58.00 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $1.65 which was followed by a 0.11% drop in the share price the next day. Here's a look at TravelCenters Of America's past performance: Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 EPS Estimate 0.66 1.34 2.67 1.44 0.15 EPS Actual -0.23 2.99 2.54 4.34 1.03 R
Companies Reporting Before The Bell • CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.32 per share on revenue of $5.08 billion. • Liberty Braves Group (NASDAQ:BATRA) is projected to report quarterly loss at $0.04 per share on revenue of $36.35 million. • Liberty SiriusXM Gr (NASDAQ:LSXMA) is estimated to report quarterly earnings at $0.94 per share on revenue of $2.15 billion. • Liberty Formula One Group (NASDAQ:FWONK) is expected to report quarterly loss at $0.09 per share on revenue of $394.13 million. • Plains All American (NASDAQ:PAA) is expected to report quarterly earnings at $0.36 per share on revenue of $15.34 billion. • E W Scripps (NASDAQ:SSP) is ex
TravelCenters of America Inc. (NASDAQ:TA) announced the results of its 2022 Annual Meeting of Stockholders, which was held today, as follows: Lisa Harris Jones was re-elected as an Independent Director. The final tabulation of the percentage of stockholders' votes cast for this Independent Director is as follows: Independent Director Percentage of Shares Voted For Lisa Harris Jones 59.0% Rajan C. Penkar was re-elected as an Independent Director. The final tabulation of the percentage of stockholders' votes cast for this Independent Director is as follows: Independent Director Percentage of Shares Voted For Rajan C. Penkar 72.4% Stockholde
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced the results of its 2021 Annual Meeting of Stockholders, which was held earlier today, as follows: Barbara D. Gilmore was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows: Independent Director Percentage of Shares Voted For Barbara D. Gilmore 71.5% Elena B. Poptodorova was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows: Independent Director Percentage of Shares Vote
SC 13D/A - TravelCenters of America Inc. /MD/ (0001378453) (Subject)
SC 13D/A - TravelCenters of America Inc. /MD/ (0001378453) (Subject)
SC 13D - TravelCenters of America Inc. /MD/ (0001378453) (Subject)
TravelCenters of America Inc. (NASDAQ:TA) today announced financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights: Net loss of $6.3 million as compared to net income of $16.3 million, and adjusted net loss of $3.4 million as compared to $15.2 million in the prior year period. Adjusted EBITDA of $32.0 million decreased $23.4 million or 42.2%, as compared to the prior year period. Adjusted EBITDAR was $96.7 million. Cash and cash equivalents of $385.9 million and availability under TA's revolving credit facility of $158.2 million for total liquidity of $544.1 million as of March 31, 2023. The following table presents detailed results for TA's
Net Loss of $(0.19) Per Common Share 159% Increase in Normalized FFO to $0.44 Per Common Share 27% Increase in Adjusted EBITDAre to $150.5 Million Completes $610.2 Million Secured Financing Agrees to Amend Lease Terms upon Completion of BP's Acquisition of TravelCenters of America Inc. Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended December 31, 2022. Todd Hargreaves, President and Chief Investment Officer of SVC, made the following statement: "We are encouraged by the improved hotel fundamentals that we experienced throughout 2022 and expect that further progress will occur in 2023. Comparable hotel RevPAR for the fourth quarter incr
TravelCenters of America Inc. (NASDAQ:TA) today announced financial results for the three months and year ended December 31, 2022. Fourth Quarter 2022 Highlights: Net income of $46.8 million increased by $34.0 million, or 266.0%, and adjusted net income of $44.6 million improved by $31.4 million, or 238.1%, as compared to the prior year period. Adjusted EBITDA of $99.2 million increased by $46.3 million, or 87.5%, as compared to the prior year period. Adjusted EBITDAR was $164.2 million. Cash and cash equivalents of $416.0 million and availability under TA's revolving credit facility of $166.0 million for total liquidity of $582.0 million as of December 31, 2022. The following ta