$0.18 EPS Expected for VTTI Energy Partners LP (VTTI) This Quarter
Wall Street brokerages expect that VTTI Energy Partners LP (NYSE:VTTI) will post earnings of $0.18 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for VTTI Energy Partners’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.18. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, August 8th.
On average, analysts expect that VTTI Energy Partners will report full year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.75. For the next year, analysts anticipate that the firm will post earnings of $0.74 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover VTTI Energy Partners.
A number of research firms have recently weighed in on VTTI. Zacks Investment Research upgraded VTTI Energy Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub lowered VTTI Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Citigroup Inc. lowered VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 target price on the stock. in a report on Monday, May 8th. Finally, DA Davidson lowered VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 target price on the stock. in a report on Monday, May 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.33.
Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of VTTI Energy Partners by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 7,889 shares of the oil and gas company’s stock worth $150,000 after buying an additional 139 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of VTTI Energy Partners by 6.0% in the first quarter. SG Americas Securities LLC now owns 9,750 shares of the oil and gas company’s stock worth $185,000 after buying an additional 550 shares during the last quarter. PEAK6 Investments L.P. acquired a new stake in shares of VTTI Energy Partners during the first quarter worth approximately $213,000. Guggenheim Capital LLC acquired a new stake in shares of VTTI Energy Partners during the fourth quarter worth approximately $260,000. Finally, Marshall Wace LLP acquired a new stake in shares of VTTI Energy Partners during the first quarter worth approximately $292,000. 91.16% of the stock is owned by institutional investors.
VTTI Energy Partners (NYSE:VTTI) remained flat at $19.40 on Monday. The company had a trading volume of 79,305 shares. VTTI Energy Partners has a 1-year low of $15.40 and a 1-year high of $21.45. The stock has a market capitalization of $905.07 million, a PE ratio of 33.33 and a beta of 1.18. The firm’s 50 day moving average is $19.62 and its 200 day moving average is $19.07.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be given a dividend of $0.336 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Thursday, August 3rd.
About VTTI Energy Partners
VTTI Energy Partners LP provides terminaling services for third party companies engaged in the production, processing, distribution and marketing of refined petroleum products and crude oil. The Company operates through the segment of energy storage terminaling business. Its assets consist of approximately 42.6% interest in VTTI MLP B.V., which owns a portfolio of over six terminals with over 400 tanks and approximately 35.7 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia and North America.
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