Oiltanking Partners Reaches New 12-Month High After Analyst Upgrade (OILT)
Shares of Oiltanking Partners (NASDAQ:OILT) reached a new 52-week high during mid-day trading on Thursday after Raymond James raised their price target on the stock from $63.00 to $67.00, AR Network reports. The stock traded as high as $68.80 and last traded at $68.60, with a volume of 73,896 shares traded. The stock had previously closed at $66.48.
Separately, analysts at MLV Capital initiated coverage on shares of Oiltanking Partners in a research note on Monday, December 2nd. They set a “buy” rating and a $68.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Oiltanking Partners currently has an average rating of “Hold” and a consensus price target of $63.44.
Oiltanking Partners (NASDAQ:OILT) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.02. The company had revenue of $60.20 million for the quarter, compared to the consensus estimate of $60.28 million.
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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