Valero Energy Partners (VLP) Getting Somewhat Positive Media Coverage, Report Shows

Press coverage about Valero Energy Partners (NYSE:VLP) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Valero Energy Partners earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 46.4863501177254 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Valero Energy Partners (NYSE:VLP) traded down $0.79 during mid-day trading on Wednesday, reaching $43.35. 132,838 shares of the company’s stock were exchanged, compared to its average volume of 106,589. Valero Energy Partners has a 52-week low of $39.52 and a 52-week high of $51.00. The company has a debt-to-equity ratio of 5.05, a current ratio of 4.26 and a quick ratio of 4.26. The firm has a market cap of $3,122.16, a price-to-earnings ratio of 15.61, a P/E/G ratio of 1.21 and a beta of 0.69.

Valero Energy Partners (NYSE:VLP) last issued 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 company had revenue of $109.00 million during the quarter, compared to analyst estimates of $111.09 million. Valero Energy Partners had a net margin of 54.43% and a return on equity of 184.08%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. research analysts predict that Valero Energy Partners will post 2.8 EPS for the current fiscal year.

VLP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Valero Energy Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Valero Energy Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Valero Energy Partners in a report on Friday, October 27th. Mizuho set a $53.00 price objective on shares of Valero Energy Partners and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, Jefferies Group upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating and cut their price objective for the stock from $51.00 to $50.00 in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.00.

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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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