Media stories about Valero Energy Partners (NYSE:VLP) have been trending somewhat positive on Friday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Valero Energy Partners earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 46.4462203445266 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Valero Energy Partners (NYSE:VLP) opened at 41.01 on Friday. Valero Energy Partners has a 52-week low of $38.90 and a 52-week high of $51.00. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 13.58 and a beta of 0.74. The stock has a 50 day moving average of $45.08 and a 200 day moving average of $46.51.
Valero Energy Partners (NYSE:VLP) last posted 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. The business had revenue of $110.50 million during the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. Valero Energy Partners’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Equities analysts predict that Valero Energy Partners will post $2.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Tuesday, August 1st were paid a $0.455 dividend. The ex-dividend date of this dividend was Friday, July 28th. This is a boost from Valero Energy Partners’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a yield of 4.44%. Valero Energy Partners’s payout ratio is 61.69%.
A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Valero Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Scotiabank set a $51.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, ValuEngine raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.78.
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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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