Analysts Expect Valero Energy Partners LP (VLP) to Post $0.69 Earnings Per Share

Wall Street analysts expect that Valero Energy Partners LP (NYSE:VLP) will post earnings per share of $0.69 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Valero Energy Partners’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.66. Valero Energy Partners posted earnings per share of $0.65 in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that Valero Energy Partners will report full-year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.64 to $2.91. For the next financial year, analysts expect that the firm will report earnings of $3.09 per share, with EPS estimates ranging from $2.50 to $3.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $134.63 million for the quarter, compared to the consensus estimate of $132.71 million. Valero Energy Partners had a return on equity of 108.14% and a net margin of 46.87%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share.

Several equities research analysts have recently issued reports on the company. ValuEngine downgraded Valero Energy Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, June 22nd. Jefferies Financial Group reaffirmed a “$38.75” rating and issued a $46.00 price target on shares of Valero Energy Partners in a research report on Wednesday, July 18th. Mitsubishi UFJ Financial Group downgraded Valero Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 26th. Wells Fargo & Co lowered their price target on Valero Energy Partners from $43.00 to $42.00 and set a “market perform” rating on the stock in a research report on Thursday, September 13th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $46.00 price target on shares of Valero Energy Partners in a research report on Monday, August 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.05.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in Valero Energy Partners by 19.1% during the second quarter. Bank of New York Mellon Corp now owns 11,346 shares of the pipeline company’s stock worth $432,000 after buying an additional 1,819 shares in the last quarter. Tiedemann Advisors LLC grew its position in Valero Energy Partners by 6.6% during the second quarter. Tiedemann Advisors LLC now owns 55,885 shares of the pipeline company’s stock worth $2,127,000 after buying an additional 3,480 shares in the last quarter. California Public Employees Retirement System grew its position in Valero Energy Partners by 34.9% during the second quarter. California Public Employees Retirement System now owns 19,190 shares of the pipeline company’s stock worth $731,000 after buying an additional 4,965 shares in the last quarter. Raymond James & Associates acquired a new stake in Valero Energy Partners during the second quarter worth about $218,000. Finally, FMR LLC grew its position in Valero Energy Partners by 42.9% during the second quarter. FMR LLC now owns 138,900 shares of the pipeline company’s stock worth $5,288,000 after buying an additional 41,700 shares in the last quarter. 28.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:VLP opened at $40.02 on Friday. The stock has a market capitalization of $2.68 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77. Valero Energy Partners has a 52-week low of $33.25 and a 52-week high of $48.66. The company has a debt-to-equity ratio of 4.99, a quick ratio of 4.07 and a current ratio of 4.07.

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 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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