Valero Energy Partners (NYSE:VLP) will release its earnings data before the market opens on Thursday, October 25th. Analysts expect Valero Energy Partners to post earnings of $0.69 per share for the quarter.

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. Valero Energy Partners had a net margin of 46.87% and a return on equity of 108.14%. The business had revenue of $134.63 million for the quarter, compared to the consensus estimate of $132.71 million. During the same period in the prior year, the business posted $0.69 earnings per share. Valero Energy Partners’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts expect Valero Energy Partners to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE VLP opened at $39.40 on Thursday. Valero Energy Partners has a 1-year low of $33.25 and a 1-year high of $48.66. The company has a debt-to-equity ratio of 4.99, a quick ratio of 4.07 and a current ratio of 4.07. The firm has a market capitalization of $2.68 billion, a PE ratio of 14.22, a P/E/G ratio of 1.71 and a beta of 0.77.

A number of research firms have recently weighed in on VLP. Credit Suisse Group began coverage on shares of Valero Energy Partners in a research note on Thursday, October 11th. They issued a “neutral” rating and a $40.00 price target on the stock. ValuEngine raised shares of Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co dropped their price target on shares of Valero Energy Partners from $43.00 to $42.00 and set a “market perform” rating on the stock in a research note on Thursday, September 13th. US Capital Advisors downgraded shares of Valero Energy Partners from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Morgan Stanley dropped their price target on shares of Valero Energy Partners from $45.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Valero Energy Partners has an average rating of “Hold” and an average target price of $45.41.

An institutional investor recently raised its position in Valero Energy Partners stock. Bank of New York Mellon Corp boosted its holdings in shares of Valero Energy Partners LP (NYSE:VLP) by 19.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,346 shares of the pipeline company’s stock after buying an additional 1,819 shares during the quarter. Bank of New York Mellon Corp’s holdings in Valero Energy Partners were worth $432,000 at the end of the most recent quarter. 28.00% of the stock is owned by institutional investors.

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 in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

See Also: Initial Public Offering (IPO)

Earnings History for Valero Energy Partners (NYSE:VLP)

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