A statement released earlier today by Mizuho Securities about Valero Energy Partners (NYSE:VLP) bumps the target price to $57.00
- Updated: September 30, 2016
Just yesterday Valero Energy Partners (NYSE:VLP) traded 1.49% higher at $43.05. Valero Energy Partners’s 50-day moving average is $42.27 and its 200-day moving average is $44.66. The last closing price is down -2.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 479,442 shares of VLP traded hands, up from an average trading volume of 118,470
Mizuho Securities upped the price target of Valero Energy Partners (NYSE:VLP) to $57.00 indicating a possible upside of 0.32%.
Recent Performance Chart
Valero Energy Partners has 52 week low of $39.02 and a 52 week high of $53.25 with a PE ratio of 17.73 and has a market capitalization of $0.
In addition to Mizuho Securities reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $58.00 with 1 broker rating the stock a strong buy, 8 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Valero Energy Partners (NYSE:VLP)
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 pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St. Charles Refinery-Norco, Louisiana; Houston Refinery-Houston, Texas, and Corpus Christi East and West Refineries-Corpus Christi, Texas. The Port Arthur logistics system includes Lucas crude system and Port Arthur products system. McKee logistics system supports Valero's McKee Refinery in Sunray, Texas.
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