Oiltanking Partners Rating Reiterated by Barclays (OILT)
Oiltanking Partners (NASDAQ:OILT)‘s stock had its “overweight” rating reiterated by Barclays in a research note issued on Thursday. They currently have a $100.00 price objective on the stock, up from their previous price objective of $90.00. Barclays’ price objective suggests a potential upside of 6.35% from the company’s current price.
Shares of Oiltanking Partners (NASDAQ:OILT) traded down 0.13% during mid-day trading on Thursday, hitting $93.91. The stock had a trading volume of 4,116 shares. Oiltanking Partners has a 1-year low of $46.68 and a 1-year high of $98.21. The stock’s 50-day moving average is $91.51 and its 200-day moving average is $74.67. The company has a market cap of $3.897 billion and a P/E ratio of 36.59. Oiltanking Partners’s stock is going to split before the market opens on Tuesday, July 15th. The 2-1 split was announced on Wednesday, May 28th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, July 14th.
Oiltanking Partners (NASDAQ:OILT) last posted its quarterly earnings results 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 $2.81 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Oiltanking Partners in a research note on Wednesday, June 4th. They now have a $90.00 price target on the stock, up previously from $75.00. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.37.
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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