Oiltanking Partners Reaches New 12-Month High at $57.78 (OILT)
Shares of Oiltanking Partners (NASDAQ:OILT) hit a new 52-week high on Wednesday, American Banking and Market News reports. The company traded as high as $57.78 and last traded at $53.33, with a volume of 17,411 shares trading hands. The stock had previously closed at $52.15.
A number of research firms have recently commented on OILT. Analysts at Zacks downgraded shares of Oiltanking Partners (NASDAQ:OILT) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $57.20 price target on the stock. Analysts at Clarkson Capital initiated coverage on shares of Oiltanking Partners (NASDAQ:OILT) in a research note to investors on Friday, July 19th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Oiltanking Partners presently has an average rating of “Hold” and a consensus price target of $52.55.
Oiltanking Partners has a 52 week low of $33.11 and a 52 week high of $53.97. The stock has a 50-day moving average of $49.34 and a 200-day moving average of $49.63. The company has a market cap of $2.170 billion and a price-to-earnings ratio of 28.14.
Oiltanking Partners (NASDAQ:OILT) last announced its earnings results on Wednesday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.13. The company had revenue of $52.08 million for the quarter, compared to the consensus estimate of $41.05 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 54.0% on a year-over-year basis. Analysts expect that Oiltanking Partners will post $2.31 EPS for the current fiscal year.
Oiltanking Partners, L.P. (NASDAQ:OILT) is engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas.
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