$0.75 Earnings Per Share Expected for Valero Energy Partners LP (VLP) This Quarter

Wall Street analysts forecast that Valero Energy Partners LP (NYSE:VLP) will post earnings per share (EPS) of $0.75 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Valero Energy Partners’ earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.71. Valero Energy Partners posted earnings of $0.77 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The business is scheduled to issue its next quarterly earnings results before the market opens on Friday, February 2nd.

According to Zacks, analysts expect that Valero Energy Partners will report full-year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.76 to $2.89. For the next year, analysts expect that the business will post earnings of $3.13 per share, with EPS estimates ranging from $2.79 to $3.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The business had revenue of $109.00 million during the quarter, compared to analysts’ expectations of $111.09 million. During the same period in the previous year, the business earned $0.77 EPS. The business’s revenue was up 18.5% compared to the same quarter last year.

A number of analysts recently commented on VLP shares. Mizuho set a $53.00 price target on Valero Energy Partners and gave the stock a “buy” rating in a research note on Sunday, October 29th. Barclays lowered Valero Energy Partners from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $50.00 to $49.00 in a research report on Wednesday. Zacks Investment Research raised Valero Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Credit Suisse Group assumed coverage on Valero Energy Partners in a research report on Thursday, January 4th. They set a “neutral” rating and a $47.00 price objective for the company. Finally, Citigroup reissued a “neutral” rating and set a $50.00 price objective on shares of Valero Energy Partners in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $51.75.

A number of institutional investors have recently made changes to their positions in VLP. Chickasaw Capital Management LLC increased its holdings in shares of Valero Energy Partners by 3.8% during the fourth quarter. Chickasaw Capital Management LLC now owns 1,557,987 shares of the pipeline company’s stock valued at $69,330,000 after acquiring an additional 56,425 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in shares of Valero Energy Partners by 31.7% during the third quarter. Atlantic Trust Group LLC now owns 342,168 shares of the pipeline company’s stock valued at $14,960,000 after acquiring an additional 82,320 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Valero Energy Partners by 154.2% during the third quarter. Chicago Partners Investment Group LLC now owns 69,866 shares of the pipeline company’s stock valued at $3,055,000 after acquiring an additional 42,379 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Valero Energy Partners by 0.4% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 5,732,152 shares of the pipeline company’s stock valued at $250,610,000 after acquiring an additional 23,670 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Valero Energy Partners by 1.0% during the third quarter. Allianz Asset Management GmbH now owns 363,642 shares of the pipeline company’s stock valued at $15,899,000 after acquiring an additional 3,770 shares in the last quarter. 29.30% of the stock is owned by institutional investors and hedge funds.

Shares of Valero Energy Partners (VLP) opened at $46.55 on Friday. Valero Energy Partners has a 52 week low of $39.52 and a 52 week high of $51.00. The company has a market capitalization of $3,290.00, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.13 and a beta of 0.69. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 5.05.

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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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