Oiltanking Partners Stock Set to Split on Tuesday, July 15th (OILT)
Shares of Oiltanking Partners (NASDAQ:OILT) are set to split before the market opens on Tuesday, July 15th, Stock Ratings Network.com reports. The 2-1 split was announced on Wednesday, May 28th. The newly created shares will be payable to shareholders after the market closes on Monday, July 14th.
Shares of Oiltanking Partners (NASDAQ:OILT) traded down 0.26% during mid-day trading on Monday, hitting $93.72. The stock had a trading volume of 3,814 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 $92.0 and its 200-day moving average is $75.07. The company has a market cap of $3.889 billion and a P/E ratio of 36.56.
Oiltanking Partners (NASDAQ:OILT) last announced its earnings results on Wednesday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Oiltanking Partners will post $2.81 EPS for the current fiscal year.
OILT has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Oiltanking Partners in a research note on Thursday. They now have a $100.00 price target on the stock, up previously from $90.00. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Oiltanking Partners has an average rating of “Hold” and a consensus target price 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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