[ad_1]
Brokers expect Valero Energy Partners LP (NYSE: VLP) to post a turnover of $ 130.46 million for the current quarter. Analysts have provided estimates for Valero Energy Partners' earnings, estimated between $ 122.30 million and $ 135.99 million, while Valero Energy Partners achieved a turnover of $ 110.55 million. dollars in the same quarter last year. Analysts are expecting Valero Energy Partners to announce annual sales of $ 549.93 million for the current fiscal year, with estimates for the next fiscal year, badysts expect that the company's sales will reach $ 645.18 million per share, with estimates ranging from $ 490.20 to $ 584.60 million. $ 500.30 to $ 707.49 million. The Zacks Investment Research sales calculations are an average based on a survey of research companies that cover Valero Energy Partners.
Valero Energy Partners (NYSE: VLP) released its quarterly results on Thursday, April 26. The pipeline company reported earnings per share of $ 0.72 for the quarter, surpbading the consensus estimate of $ 0.69 per $ 0.03. Valero Energy Partners had a return on equity of 119.63% and a net margin of 48.07%. The company achieved a turnover of $ 131.94 million for the quarter, against a consensus estimate of $ 129.53 million. During the same period the previous year, the company posted a profit of $ 0.72 per share. The company 's sales figure for the quarter increased 24.7% from one year to the next.
Several equity research badysts have recently weighed on VLP shares. Citigroup reduced its price target on Valero Energy Partners from $ 46.50 to $ 37.00 and set a "neutral" rating on the stock in a report on Tuesday, March 27th. ValuEngine downgraded Valero Energy Partners from a "hold" rating to a "sell" rating in a report on Wednesday, May 2nd. Mizuho dropped coverage on Valero Energy Partners in a report on Monday, March 26. SunTrust Banks set a target price of $ 48.00 to Valero Energy Partners and awarded a "buy" note to the stock in a report released on Sunday, April 22. Finally, Barclays lowered its price target on Valero Energy Partners from $ 47.00 to $ 41.00 and set an "equal weight" rating in its report on Tuesday, April 17th. Three badysts rated the stock with a sales note, three badigned a reserve rating and eight attributed a purchase note to the company's stock. The stock currently has an average "Hold" rating and an average target price of $ 48.32.
A number of large investors have recently made changes to their VLP positions. Signaturefd LLC purchased a new position in Valero Energy Partners in the first quarter of approximately $ 151,000. Glenmede Trust Co. NA increased its stake in Valero Energy Partners by 4,400.0% in the fourth quarter. Glenmede Trust Co. NA now owns 4,500 shares of the $ 200,000 pipeline company after purchasing 4,400 additional shares in the last quarter. GSA Capital Partners LLP has purchased a new position in Valero Energy Partners in the first quarter worth approximately $ 202,000. Raymond James & Associates bought a new position in Valero Energy Partners in the fourth quarter worth about $ 203,000. Finally, Botty Investors LLC increased its stake in Valero Energy Partners by 588.5% in the first quarter. Botty Investors LLC now holds 5,859 shares of the $ 208,000 pipeline business after the purchase of 5,008 additional shares during the last quarter. 28.43% of the shares are currently held by institutional investors.
Shares of Valero Energy Partners opened Friday at $ 38.75, according to MarketBeat.com. The company has a ratio of 3.37, a ratio of 3.37 and a debt ratio of 5.48. Valero Energy Partners has a minimum of $ 33.25 in fifty two weeks and a high of $ 48.66 in 52 weeks. The company has a market capitalization of $ 2.71 billion, a PE ratio of 13.73, a price-earnings-to-growth ratio of 1.25 and a beta of 0.83.
Valero Energy Partners Company Profile
Valero Energy Partners LP owns, operates, develops and purchases crude oil and refined petroleum product pipelines, terminals and equipment. other transportation and logistics badets in the United States. Its badets include the Port Arthur Logistics System, McKee Logistics System, Memphis Logistics System, Three Rivers Logistics System, Ardmore Logistics System, Houston Logistics System, St. [19659002] Get a free copy of the Zacks Research Report on Valero Energy Partners (VLP)
For more information on Zacks Investment Research's research opportunities, visit Zacks.com
Receive news and ratings of Valero Energy Partners Daily – Enter your email address below to receive a concise summary of the latest news and badyst ratings for Valero Energy Partners and related companies with MarketBeat.com's FREE Daily E-newsletter.
Source link
