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Equities researchers at Wells Fargo & Co. initiated coverage on shares of Oiltanking Partners (NYSE:OILT) in a research report issued on Tuesday. The firm set a “market perform” rating on the stock.

A number of other analysts have also recently weighed in on OILT. Analysts at ING Group downgraded shares of Oiltanking Partners from a “buy” rating to a “hold” rating in a research note on Tuesday. Separately, analysts at RBC Capital raised their price target on shares of Oiltanking Partners from $72.00 to $86.00 in a research note on Friday, May 2nd. Finally, analysts at MLV & Co
raised their price target on shares of Oiltanking Partners to $90.00 in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $87.25.

Shares of Oiltanking Partners (NYSE:OILT) traded down 8.09% during mid-day trading on Tuesday, hitting $86.399. 95,554 shares of the company’s stock traded hands. Oiltanking Partners has a 52 week low of $46.50 and a 52 week high of $96.93. The stock’s 50-day moving average is $83.74 and its 200-day moving average is $69.53. The company has a market cap of $3.585 billion and a P/E ratio of 36.58.

Oiltanking Partners, L.P. (NYSE:OILT) is engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas.

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