Jefferies Amass Exploration Examiners Bring down Profit Gauges for Valero Vitality Accomplices LP (VLP)
Valero Energy Partners LP (NYSE:VLP) – Equities researchers at Jefferies Group dropped their Q1 2017 earnings per share estimates for shares of Valero Energy Partners in a research report issued to clients and investors on Wednesday.
Jefferies Group analyst C. Goldman now anticipates that the pipeline company will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.85. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Valero Energy Partners’ FY2017 earnings at $3.35 EPS.
Several other brokerages have also recently commented on VLP. Scotiabank reissued a “buy” rating and set a $51.00 target price on shares of Valero Energy Partners in a report on Monday, February 6th. Barclays PLC reissued an “overweight” rating and set a $55.00 target price on shares of Valero Energy Partners in a report on Monday, February 6th. TheStreet raised Valero Energy Partners from a “c+” rating to a “b-” rating in a report on Monday, January 30th.
Zacks Investment Research cut Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $62.00 target price on shares of Valero Energy Partners in a report on Friday, March 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $54.50.