Q3 2017 EPS Estimates for Valero Energy Partners LP Lowered by Analyst (VLP)

Valero Energy Partners LP (NYSE:VLP) – Equities researchers at Jefferies Group reduced their Q3 2017 earnings estimates for Valero Energy Partners in a research report issued on Tuesday. Jefferies Group analyst C. Goldman now expects that the pipeline company will earn $0.64 per share for the quarter, down from their previous estimate of $0.71. Jefferies Group has a “Buy” rating and a $50.00 price target on the stock. Jefferies Group also issued estimates for Valero Energy Partners’ Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $2.74 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.89 EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $0.90 EPS, FY2019 earnings at $3.58 EPS, FY2020 earnings at $3.28 EPS and FY2021 earnings at $3.15 EPS.

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

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Several other research analysts have also recently weighed in on VLP. BidaskClub upgraded Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday, July 5th. ValuEngine upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Scotiabank set a $51.00 price objective on Valero Energy Partners and gave the stock a “buy” rating in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $53.25.

Shares of Valero Energy Partners (VLP) opened at 42.49 on Wednesday. The firm has a market cap of $2.90 billion, a P/E ratio of 14.07 and a beta of 0.74. Valero Energy Partners has a 1-year low of $38.90 and a 1-year high of $51.00. The firm’s 50-day moving average is $43.21 and its 200-day moving average is $44.94.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spirit of America Management Corp NY increased its position in shares of Valero Energy Partners by 13.1% in the second quarter. Spirit of America Management Corp NY now owns 403,190 shares of the pipeline company’s stock worth $18,402,000 after purchasing an additional 46,700 shares during the period. Driehaus Capital Management LLC increased its position in shares of Valero Energy Partners by 157.0% in the first quarter. Driehaus Capital Management LLC now owns 84,286 shares of the pipeline company’s stock worth $4,038,000 after purchasing an additional 51,486 shares during the period. Creative Planning increased its position in shares of Valero Energy Partners by 26.9% in the second quarter. Creative Planning now owns 10,697 shares of the pipeline company’s stock worth $488,000 after purchasing an additional 2,270 shares during the period. Diversified Trust Co increased its position in shares of Valero Energy Partners by 1.6% in the second quarter. Diversified Trust Co now owns 14,964 shares of the pipeline company’s stock worth $683,000 after purchasing an additional 231 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Valero Energy Partners by 0.8% in the first quarter. HighTower Advisors LLC now owns 103,845 shares of the pipeline company’s stock worth $4,976,000 after purchasing an additional 823 shares during the period. Institutional investors own 29.93% of the company’s stock.

About Valero Energy Partners

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.

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

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