Valero Energy Partners LP (VLP) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Valero Energy Partners LP (VLP) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.61 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.64. The company posted revenue of $78.80 million in the period, compared to analysts expectations of $79.90 million. The company’s revenue was up 88.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Valero Energy Partners LP. Valero Energy Partners LP was Initiated by Raymond James to “Outperform” on Apr 21, 2016. Drexel Hamilton Initiated Valero Energy Partners LP on Apr 7, 2016 to “Buy”, Price Target of the shares are set at $60.Valero Energy Partners LP was Initiated by Morgan Stanley to “Overweight” on Feb 25, 2016.

Valero Energy Partners LP closed down -0.44 points or -0.92% at $47.13 with 1,91,693 shares getting traded on Wednesday. Post opening the session at $47.65, the shares hit an intraday low of $47 and an intraday high of $48.1627 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Valero Energy Partners LP is a master limited partnership (MLP). The Company 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 pipeline and terminal systems in the United States Gulf Coast and United States Mid-Continent regions; Valero’s McKee Refinery located in Sunray Texas; Valero’s Three Rivers Refinery located in Three Rivers Texas; Valero’s Memphis Refinery located in Memphis Tennessee and Valero’s Ardmore Refinery located in Ardmore Oklahoma. Port Arthur logistics system includes its Lucas crude system and its Port Arthur products system. McKee logistics system is a crude oil and refined petroleum products pipeline and terminal system supporting Valero’s McKee Refinery in Sunray Texas. Memphis logistics system includes its Collierville crude system and its Memphis products system.

Valero Energy Partners LP

Leave a Reply

Valero Energy Partners LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Valero Energy Partners LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.