Share on StockTwits

Investment analysts at Credit Suisse hoisted their price target on shares of Valero Energy Partners (NYSE:VLP) from $44.00 to $50.00 in a note issued to investors on Tuesday. Credit Suisse’s target price would indicate a potential downside of 0.20% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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 RBC Capital raised their price target on shares of Valero Energy Partners from $44.00 to $50.00 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Valero Energy Partners currently has an average rating of “Buy” and a consensus price target of $45.40.

Valero Energy Partners (NYSE:VLP) traded down 0.42% during mid-day trading on Tuesday, hitting $49.89. 6,176 shares of the company’s stock traded hands. Valero Energy Partners has a 52-week low of $27.50 and a 52-week high of $56.89. The stock has a 50-day moving average of $47.53 and a 200-day moving average of $40.69. The company’s market cap is $2.873 billion.

Valero Energy Partners (NYSE:VLP) last released its earnings data on Wednesday, May 14th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.