Equities research analysts forecast that Valero Energy Partners LP (NYSE:VLP) will report earnings of $0.72 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Valero Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.80. Valero Energy Partners reported earnings per share of $0.77 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The firm is expected to issue its next quarterly earnings results before the market opens on Friday, October 27th.

On average, analysts expect that Valero Energy Partners will report full year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.80 to $2.97. For the next financial year, analysts forecast that the firm will report earnings of $3.34 per share, with EPS estimates ranging from $2.89 to $3.94. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The company had revenue of $110.50 million for the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners had a return on equity of 266.53% and a net margin of 55.29%. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS.

Several equities research analysts have issued reports on the company. BidaskClub downgraded Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Scotiabank set a $51.00 target price on Valero Energy Partners and gave the company a “buy” rating in a research note on Saturday, July 22nd. ValuEngine upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, Jefferies Group LLC raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and decreased their price target for the stock from $51.00 to $50.00 in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $53.25.

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Valero Energy Partners by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 41,638 shares of the pipeline company’s stock valued at $1,900,000 after acquiring an additional 400 shares during the last quarter. NBW Capital LLC raised its position in shares of Valero Energy Partners by 4.1% during the 2nd quarter. NBW Capital LLC now owns 166,102 shares of the pipeline company’s stock valued at $7,581,000 after acquiring an additional 6,591 shares in the last quarter. CNH Partners LLC raised its position in shares of Valero Energy Partners by 1.0% during the 2nd quarter. CNH Partners LLC now owns 10,321 shares of the pipeline company’s stock valued at $471,000 after acquiring an additional 100 shares in the last quarter. EnTrustPermal Management LLC raised its position in shares of Valero Energy Partners by 55.0% during the 2nd quarter. EnTrustPermal Management LLC now owns 33,526 shares of the pipeline company’s stock valued at $1,531,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Valero Energy Partners by 222.0% during the 2nd quarter. Citadel Advisors LLC now owns 14,813 shares of the pipeline company’s stock valued at $676,000 after acquiring an additional 10,213 shares in the last quarter. Institutional investors own 29.93% of the company’s stock.

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Valero Energy Partners (NYSE:VLP) opened at 44.66 on Wednesday. The stock has a 50 day moving average of $42.71 and a 200 day moving average of $45.12. Valero Energy Partners has a one year low of $38.90 and a one year high of $51.00. The firm has a market cap of $3.04 billion, a PE ratio of 14.79 and a beta of 0.74.

Valero Energy Partners Company Profile

Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company’s assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

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Earnings History and Estimates for Valero Energy Partners (NYSE:VLP)

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