Wall Street analysts expect that Valero Energy Partners LP (NYSE:VLP) will post sales of $114.13 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Valero Energy Partners’ earnings, with estimates ranging from $110.90 million to $121.20 million. Valero Energy Partners posted sales of $92.04 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The business is expected to announce its next earnings results before the market opens on Friday, October 27th.

According to Zacks, analysts expect that Valero Energy Partners will report full year sales of $114.13 million for the current financial year, with estimates ranging from $452.72 million to $458.80 million. For the next financial year, analysts forecast that the company will post sales of $576.71 million per share, with estimates ranging from $501.10 million to $651.15 million. Zacks’ sales averages are an average based on a survey of research firms that follow Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.03). The firm had revenue of $110.50 million for the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners had a return on equity of 266.53% and a net margin of 55.29%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS.

VLP has been the subject of several analyst reports. BidaskClub upgraded shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research cut shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. Scotiabank set a $51.00 target price on shares of Valero Energy Partners and gave the company a “buy” rating in a research report on Saturday, July 22nd. Jefferies Group LLC upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating and dropped their target price for the company from $51.00 to $50.00 in a research report on Wednesday, August 23rd. Finally, ValuEngine upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.25.

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Shares of Valero Energy Partners (VLP) opened at 44.45 on Friday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 14.72 and a beta of 0.74. Valero Energy Partners has a 12-month low of $38.90 and a 12-month high of $51.00. The stock’s 50 day moving average is $42.88 and its 200 day moving average is $45.12.

Several large investors have recently modified their holdings of VLP. Global X Management Co. LLC raised its position in shares of Valero Energy Partners by 3,531.4% in the 1st quarter. Global X Management Co. LLC now owns 159,635 shares of the pipeline company’s stock valued at $7,648,000 after buying an additional 155,239 shares in the last quarter. Dividend Assets Capital LLC acquired a new position in Valero Energy Partners during the 2nd quarter worth approximately $2,561,000. Driehaus Capital Management LLC increased its position in Valero Energy Partners by 157.0% during the 1st quarter. Driehaus Capital Management LLC now owns 84,286 shares of the pipeline company’s stock worth $4,038,000 after purchasing an additional 51,486 shares in the last quarter. Credit Suisse AG increased its position in Valero Energy Partners by 136.4% during the 1st quarter. Credit Suisse AG now owns 83,660 shares of the pipeline company’s stock worth $4,008,000 after purchasing an additional 48,273 shares in the last quarter. Finally, Spirit of America Management Corp NY increased its position in Valero Energy Partners by 13.1% during the 2nd quarter. Spirit of America Management Corp NY now owns 403,190 shares of the pipeline company’s stock worth $18,402,000 after purchasing an additional 46,700 shares in the last quarter. Institutional investors own 29.93% 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 pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

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Earnings History and Estimates for Valero Energy Partners (NYSE:VLP)

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