VTTI Energy Partners’ Quiet Period Will Expire on September 10th (NASDAQ:VTTI)
VTTI Energy Partners’ (NASDAQ:VTTI) quiet period will expire on Wednesday, September 10th. VTTI Energy Partners had issued 17,500,000 shares in its initial public offering on August 1st, AmericanBankingNews.com reports. The total size of the offering was $367,500,000 based on an initial share price of $21.00. During VTTI Energy Partners’ quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of VTTI Energy Partners in a research note on Tuesday, August 26th. They set a “buy” rating and a $26.50 price target on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of VTTI Energy Partners in a research note on Tuesday, August 26th. They set an “overweight” rating and a $29.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of VTTI Energy Partners in a research note on Tuesday, August 26th. They set a “buy” rating and a $27.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $28.38.
Shares of VTTI Energy Partners (NASDAQ:VTTI) traded up 1.36% during mid-day trading on Friday, hitting $26.86. 3,022 shares of the company’s stock traded hands. VTTI Energy Partners has a one year low of $20.26 and a one year high of $27.58. The stock has a 50-day moving average of $24. and a 200-day moving average of $24.. The company has a market cap of $1.081 billion and a P/E ratio of 15.85.
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