Valero Energy Partners LP (VLP) to Post Q1 2018 Earnings of $1.04 Per Share, Jefferies Group Forecasts
Valero Energy Partners LP (NYSE:VLP) – Investment analysts at Jefferies Group issued their Q1 2018 earnings estimates for Valero Energy Partners in a research report issued on Thursday. Jefferies Group analyst C. Goldman expects that the brokerage will post earnings per share of $1.04 for the quarter. Jefferies Group currently has a “Buy” rating and a $53.00 target price on the stock. Jefferies Group also issued estimates for Valero Energy Partners’ Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $4.07 EPS.
Valero Energy Partners (NYSE:VLP) last posted its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. The company had revenue of $92 million for the quarter, compared to analyst estimates of $89.82 million. Valero Energy Partners had a net margin of 55.97% and a return on equity of 92.55%. Valero Energy Partners’s revenue was up 48.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS.
A number of other brokerages also recently issued reports on VLP. Morgan Stanley downgraded shares of Valero Energy Partners from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $49.00 to $51.00 in a report on Friday, January 6th. They noted that the move was a valuation call. Mizuho assumed coverage on shares of Valero Energy Partners in a report on Thursday, September 29th. They issued a “buy” rating and a $57.00 price target for the company. Finally, TheStreet downgraded shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, November 18th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $53.89.
Valero Energy Partners (NYSE:VLP) traded up 1.74% during trading on Friday, reaching $46.22. 50,514 shares of the company’s stock traded hands. The firm has a market capitalization of $3.11 billion, a PE ratio of 17.55 and a beta of 0.75. The firm has a 50 day moving average of $42.50 and a 200 day moving average of $42.36. Valero Energy Partners has a 1-year low of $38.90 and a 1-year high of $51.69.
A number of institutional investors have recently bought and sold shares of the stock. Balentine LLC purchased a new stake in Valero Energy Partners during the second quarter valued at about $102,000. Signaturefd LLC boosted its stake in Valero Energy Partners by 4.5% in the second quarter. Signaturefd LLC now owns 3,475 shares of the company’s stock valued at $163,000 after buying an additional 150 shares in the last quarter. US Bancorp DE boosted its stake in Valero Energy Partners by 4.7% in the second quarter. US Bancorp DE now owns 3,544 shares of the company’s stock valued at $167,000 after buying an additional 160 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Valero Energy Partners during the second quarter valued at about $210,000. Finally, Raymond James & Associates boosted its stake in Valero Energy Partners by 2.7% in the second quarter. Raymond James & Associates now owns 4,595 shares of the company’s stock valued at $216,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 30.60% of the company’s stock.
Valero Energy Partners Company Profile
Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St.
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