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Valero Energy Partners (NYSE:VLP)’s share price reached a new 52-week high on Tuesday , StockRatingsNetwork reports. The company traded as high as $52.16 and last traded at $51.98, with a volume of 27,121 shares traded. The stock had previously closed at $50.31.

VLP has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Valero Energy Partners in a research note on Wednesday, June 18th. They now have a $48.00 price target on the stock, up previously from $46.00. Finally, analysts at Credit Suisse raised their price target on shares of Valero Energy Partners from $38.00 to $44.00 in a research note on Thursday, May 15th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.40.

The stock’s 50-day moving average is $45.10 and its 200-day moving average is $39.16. The company’s market cap is $3.045 billion.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.44 by $1.26. The company had revenue of $21.53 million for the quarter, compared to the consensus estimate of $22.60 million. Valero Energy Partners’s revenue was down 8.5% compared to the same quarter last year. Analysts expect that Valero Energy Partners will post $0.86 EPS for the current fiscal year.

Valero Energy Partners LP was formed to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets.

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