Oiltanking Partners (OILT) Announces Quarterly Earnings, Meets Expectations
Oiltanking Partners (NASDAQ: OILT) issued its quarterly earnings data on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $34.10 million for the quarter, compared to the consensus estimate of $33.74 million. The company’s revenue for the quarter was up 18.0% on a year-over-year basis.
Shares of Oiltanking Partners (OILT) traded up 3.70% during mid-day trading on Wednesday, hitting $46.51. Oiltanking Partners (OILT) has a one year low of $27.65 and a one year high of $45.23. The stock’s 50-day moving average is currently $41.99. The company has a market cap of $1.809 billion and a P/E ratio of 30.12.
Oiltanking Partners, L.P. ( Oiltanking Partner) is engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas.
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