Zacks: Analysts Expect Valero Energy Partners (VLP) Will Post Earnings of $0.67 Per Share

Wall Street analysts forecast that Valero Energy Partners (NYSE:VLP) will post earnings of $0.67 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Valero Energy Partners’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.71. Valero Energy Partners posted earnings of $0.72 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.9%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Valero Energy Partners will report full-year earnings of $2.83 per share for the current year, with EPS estimates ranging from $2.53 to $3.14. For the next financial year, analysts expect that the business will report earnings of $3.23 per share, with EPS estimates ranging from $2.59 to $4.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Valero Energy Partners.

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Valero Energy Partners (NYSE:VLP) last announced its earnings results on Friday, February 2nd. The pipeline company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $123.24 million. Valero Energy Partners had a net margin of 52.75% and a return on equity of 144.86%. Valero Energy Partners’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share.



Several research firms have recently commented on VLP. Barclays lowered Valero Energy Partners from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $49.00 in a research note on Wednesday, January 17th. Zacks Investment Research lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. Credit Suisse Group began coverage on Valero Energy Partners in a research note on Thursday, January 4th. They issued a “neutral” rating and a $47.00 price objective for the company. SunTrust Banks set a $50.00 price objective on Valero Energy Partners and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada reduced their price objective on Valero Energy Partners to $55.00 and set a “positive” rating for the company in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Valero Energy Partners has an average rating of “Hold” and an average target price of $48.18.

NYSE:VLP opened at $40.65 on Friday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 6.20. The firm has a market capitalization of $2,883.54, a PE ratio of 14.73, a P/E/G ratio of 1.31 and a beta of 0.83. Valero Energy Partners has a one year low of $33.25 and a one year high of $48.66.

A number of institutional investors have recently modified their holdings of VLP. JPMorgan Chase & Co. boosted its holdings in Valero Energy Partners by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,231 shares of the pipeline company’s stock worth $19,796,000 after buying an additional 142,350 shares during the period. First Trust Advisors LP bought a new position in Valero Energy Partners in the 4th quarter worth $3,787,000. Atlantic Trust Group LLC boosted its holdings in Valero Energy Partners by 31.7% in the 3rd quarter. Atlantic Trust Group LLC now owns 342,168 shares of the pipeline company’s stock worth $14,960,000 after buying an additional 82,320 shares during the period. EnTrustPermal Partners Offshore LP bought a new position in Valero Energy Partners in the 4th quarter worth $2,880,000. Finally, Chickasaw Capital Management LLC boosted its holdings in Valero Energy Partners by 3.8% in the 4th quarter. Chickasaw Capital Management LLC now owns 1,557,987 shares of the pipeline company’s stock worth $69,330,000 after buying an additional 56,425 shares during the period. 29.16% of the stock is owned by institutional investors.

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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 in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

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

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