Oiltanking Partners’s “Neutral” Rating Reaffirmed at JPMorgan Chase & Co. (OILT)
Oiltanking Partners (NASDAQ:OILT)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a $90.00 price objective on the stock, up from their previous price objective of $75.00. JPMorgan Chase & Co.’s price target suggests a potential downside of 2.44% from the company’s current price.
A number of other firms have also recently commented on OILT. Analysts at Wells Fargo & Co. initiated coverage on shares of Oiltanking Partners in a research note on Tuesday, May 27th. They set a “market perform” rating on the stock. Separately, analysts at MLV & Co
downgraded shares of Oiltanking Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Oiltanking Partners in a research note on Friday, May 2nd. They now have a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $74.70.
Oiltanking Partners (NASDAQ:OILT) traded down 0.27% during mid-day trading on Wednesday, hitting $92.00. The stock had a trading volume of 12,865 shares. Oiltanking Partners has a 52 week low of $46.68 and a 52 week high of $96.93. The stock has a 50-day moving average of $86.42 and a 200-day moving average of $70.98. The company has a market cap of $3.818 billion and a P/E ratio of 35.89.
Oiltanking Partners (NASDAQ:OILT) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.07. The company had revenue of $60.00 million for the quarter, compared to the consensus estimate of $63.92 million. On average, analysts predict that Oiltanking Partners will post $2.79 earnings per share 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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