Valero Energy Partners (VLP) Earning Favorable Press Coverage, Analysis Shows
Headlines about Valero Energy Partners (NYSE:VLP) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Valero Energy Partners earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 46.4578558246023 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- Valero Energy Partners LP :VLP-US: Earnings Analysis: Q2, 2017 By the Numbers : August 28, 2017 (finance.yahoo.com)
- How Refiners Are Faring From The Ravages Of Hurricane Harvey (finance.yahoo.com)
- Valero keeps Houston-area refineries in operation as Harvey moves (finance.yahoo.com)
- Financial Comparison: Tallgrass Energy Partners, (TEP) and Valero Energy Partners (VLP) (americanbankingnews.com)
- [$$] Hurricane Forces Refineries to Shut Down (finance.yahoo.com)
Shares of Valero Energy Partners (NYSE:VLP) opened at 42.89 on Wednesday. Valero Energy Partners has a 12 month low of $38.90 and a 12 month high of $51.00. The firm has a market capitalization of $2.92 billion, a P/E ratio of 14.20 and a beta of 0.74. The stock has a 50 day moving average price of $44.49 and a 200 day moving average price of $46.24.
Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by $0.03. The company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $107.14 million. Valero Energy Partners had a return on equity of 266.53% and a net margin of 55.29%. The business’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, analysts expect that Valero Energy Partners will post $2.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Tuesday, August 1st were given a $0.455 dividend. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.82 annualized dividend and a yield of 4.24%. Valero Energy Partners’s payout ratio is currently 61.69%.
A number of research firms have recently issued reports on VLP. BidaskClub lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, July 13th. ValuEngine upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Citigroup Inc. restated a “buy” rating on shares of Valero Energy Partners in a report on Friday, May 26th. Finally, Jefferies Group LLC upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and reduced their target price for the company from $51.00 to $50.00 in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.25.
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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