$128.84 Million in Sales Expected for Valero Energy Partners LP (VLP) This Quarter

Wall Street analysts expect Valero Energy Partners LP (NYSE:VLP) to report $128.84 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Valero Energy Partners’ earnings, with the lowest sales estimate coming in at $125.09 million and the highest estimate coming in at $134.58 million. Valero Energy Partners reported sales of $105.82 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.8%. The company is expected to announce 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 sales of $128.84 million for the current year, with estimates ranging from $526.30 million to $587.38 million. For the next fiscal year, analysts expect that the company will post sales of $681.13 million per share, with estimates ranging from $540.10 million to $806.76 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Valero Energy Partners.

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

Several analysts recently weighed in on VLP shares. Zacks Investment Research lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. Mizuho dropped coverage on Valero Energy Partners in a research note on Monday, March 26th. Barclays lowered Valero Energy Partners from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $49.00 in a research note on Wednesday, January 17th. Credit Suisse Group started coverage on Valero Energy Partners in a research note on Thursday, January 4th. They issued a “neutral” rating and a $47.00 price objective on the stock. Finally, Citigroup reduced their price objective on Valero Energy Partners from $46.50 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Valero Energy Partners has an average rating of “Hold” and an average target price of $49.00.

Hedge funds have recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in shares of Valero Energy Partners during the fourth quarter valued at about $125,000. Glenmede Trust Co. NA boosted its stake in shares of Valero Energy Partners by 4,400.0% during the fourth quarter. Glenmede Trust Co. NA now owns 4,500 shares of the pipeline company’s stock valued at $200,000 after purchasing an additional 4,400 shares in the last quarter. Raymond James & Associates acquired a new stake in shares of Valero Energy Partners during the fourth quarter valued at about $203,000. IFG Advisory LLC acquired a new stake in shares of Valero Energy Partners during the fourth quarter valued at about $253,000. Finally, Ferris Capital LLC acquired a new stake in shares of Valero Energy Partners during the fourth quarter valued at about $299,000. 29.05% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:VLP opened at $35.43 on Friday. The stock has a market capitalization of $2,504.02, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.13 and a beta of 0.78. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 6.20. Valero Energy Partners has a twelve month low of $33.25 and a twelve month high of $48.90.

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

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