Oiltanking Partners Receives Average Recommendation of “Hold” from Analysts (NASDAQ:OILT)
Oiltanking Partners (NASDAQ:OILT) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Analyst Ratings.Net reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $44.58.
Oiltanking Partners (NASDAQ:OILT) opened at 49.91 on Thursday. Oiltanking Partners has a one year low of $23.775 and a one year high of $51.92. The stock has a 50-day moving average of $47.13 and a 200-day moving average of $41.42. The company has a market cap of $4.149 billion and a price-to-earnings ratio of 37.25.
Oiltanking Partners (NASDAQ:OILT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.33. The company had revenue of $69.10 million for the quarter, compared to the consensus estimate of $63.30 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. On average, analysts predict that Oiltanking Partners will post $1.44 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on OILT shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Oiltanking Partners in a research note on Wednesday, July 23rd. They now have a $57.00 price target on the stock, up previously from $47.50. Separately, analysts at RBC Capital raised their price target on shares of Oiltanking Partners from $43.00 to $48.00 in a research note on Monday, June 30th. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Oiltanking Partners in a research note on Thursday, June 26th. They now have a $50.00 price target on the stock, up previously from $45.00.
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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