Valero Energy Partners LP (VLP) is Initiated by Mizuho to Buy, Price Target at $57

Valero Energy Partners LP (VLP) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $57. Mizuho advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Valero Energy Partners LP. Jefferies Initiated Valero Energy Partners LP on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $53.Valero Energy Partners LP was Upgraded by Credit Suisse to ” Outperform” on Aug 8, 2016.

On the company’s financial health, Valero Energy Partners LP reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.66. The company had revenue of $87.70 million for the quarter, compared to analysts expectations of $85.21 million. The company’s revenue was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Valero Energy Partners LP opened for trading at $43.13 and hit $44.143 on the upside on Tuesday, eventually ending the session at $43.95, with a gain of 1.43% or 0.62 points. The heightened volatility saw the trading volume jump to 96,419 shares. Company has a market cap of $2,962 M.

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

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