FY2017 Earnings Forecast for Valero Energy Partners LP Issued By Jefferies Group (VLP)

Valero Energy Partners LP (NYSE:VLP) – Investment analysts at Jefferies Group raised their FY2017 EPS estimates for Valero Energy Partners in a research note issued on Wednesday. Jefferies Group analyst C. Goldman now forecasts that the pipeline company will earn $2.83 per share for the year, up from their previous forecast of $2.74. Jefferies Group also issued estimates for Valero Energy Partners’ Q4 2017 earnings at $0.76 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.92 EPS, FY2019 earnings at $4.22 EPS, FY2020 earnings at $4.01 EPS and FY2021 earnings at $3.97 EPS.

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

Other equities analysts have also issued reports about the company. Mizuho set a $53.00 target price on Valero Energy Partners and gave the company a “buy” rating in a report on Sunday, October 29th. ValuEngine lowered Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Citigroup reaffirmed a “neutral” rating and set a $50.00 target price on shares of Valero Energy Partners in a report on Wednesday, October 18th. Finally, Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Valero Energy Partners in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.00.

Valero Energy Partners (NYSE VLP) opened at $43.34 on Friday. The company has a market capitalization of $3,060.00, a P/E ratio of 15.60, a PEG ratio of 1.21 and a beta of 0.69. Valero Energy Partners has a fifty-two week low of $39.52 and a fifty-two week high of $51.00. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 5.05.

Several large investors have recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in shares of Valero Energy Partners by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,365 shares of the pipeline company’s stock valued at $473,000 after purchasing an additional 27 shares during the last quarter. CNH Partners LLC grew its holdings in Valero Energy Partners by 1.0% in the 2nd quarter. CNH Partners LLC now owns 10,321 shares of the pipeline company’s stock worth $471,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Valero Energy Partners by 11.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock worth $132,000 after buying an additional 300 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Valero Energy Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company’s stock worth $250,000 after buying an additional 307 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Valero Energy Partners by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 41,638 shares of the pipeline company’s stock worth $1,900,000 after buying an additional 400 shares in the last quarter. 29.22% of the stock is owned by institutional investors.

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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.

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

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