Brokerages Anticipate Valero Energy Partners LP (VLP) Will Post Earnings of $0.74 Per Share

Analysts expect that Valero Energy Partners LP (NYSE:VLP) will report $0.74 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Valero Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.82. Valero Energy Partners reported earnings of $0.77 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.9%. The firm is expected to announce its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Valero Energy Partners will report full year earnings of $2.80 per share for the current fiscal year, with EPS estimates ranging from $2.74 to $2.89. For the next financial year, analysts forecast that the business will report earnings of $3.09 per share, with EPS estimates ranging from $2.61 to $3.40. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Valero Energy Partners.

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

Several equities research analysts recently weighed in on VLP shares. Jefferies Group raised 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 report on Wednesday, August 23rd. Mizuho set a $53.00 price target on Valero Energy Partners and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, November 10th. ValuEngine downgraded Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup reaffirmed a “neutral” rating and set a $50.00 price target on shares of Valero Energy Partners in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Valero Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $53.00.

A number of institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its holdings in Valero Energy Partners by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,365 shares of the pipeline company’s stock valued at $473,000 after acquiring an additional 27 shares during the period. CNH Partners LLC lifted its holdings in Valero Energy Partners by 1.0% in the second 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 during the period. PNC Financial Services Group Inc. lifted its holdings in Valero Energy Partners by 11.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock valued at $132,000 after acquiring an additional 300 shares during the period. Alliancebernstein L.P. lifted its holdings in Valero Energy Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 307 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Valero Energy Partners by 1.0% in the second 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 period. 29.22% of the stock is owned by institutional investors.

Shares of Valero Energy Partners (NYSE:VLP) traded down $0.59 on Monday, hitting $42.67. 228,900 shares of the stock were exchanged, compared to its average volume of 105,641. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 5.05. The stock has a market capitalization of $3,015.45, a price-to-earnings ratio of 15.08, a PEG ratio of 1.17 and a beta of 0.69. Valero Energy Partners has a twelve month low of $39.52 and a twelve month high of $51.00.

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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.

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

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