VTTI Energy Partners LP (VTTI) Releases Earnings Results, Beats Estimates By $0.03 EPS
VTTI Energy Partners LP (NYSE:VTTI) issued its quarterly earnings results on Tuesday. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03, reports. VTTI Energy Partners had a return on equity of 12.27% and a net margin of 9.09%.
Shares of VTTI Energy Partners (NYSE:VTTI) traded down 0.129% on Tuesday, hitting $19.375. The stock had a trading volume of 1,280 shares. VTTI Energy Partners has a one year low of $15.40 and a one year high of $21.45. The firm has a 50 day moving average price of $19.62 and a 200 day moving average price of $19.07. The company has a market capitalization of $903.90 million, a P/E ratio of 33.290 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.336 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.93%.
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VTTI has been the topic of a number of research analyst reports. DA Davidson downgraded VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 price target on the stock. in a report on Monday, May 8th. Zacks Investment Research downgraded VTTI Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. BidaskClub downgraded VTTI Energy Partners from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Citigroup Inc. downgraded VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 price target on the stock. in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.33.
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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