Breaking Finance News

Valero Energy Partners LP (NYSE:VLP) has been downgraded to Hold in a report by Zacks Investment Research today.

Yesterday Valero Energy Partners LP (NYSE:VLP) traded -1.97% lower at $46.65. The company’s 50-day moving average is $45.50 and its 200-day moving average is $46.72. The last stock close price is down -8.47% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 245,906 shares of the stock were exchanged, up from an average trading volume of 112,534

Zacks Investment Research has downgraded Valero Energy Partners LP (NYSE:VLP) to Hold in a report released on 07/08/2017.

Previously on 7/05/2017, Zacks Investment Research released a statement about Valero Energy Partners LP (NYSE:VLP) increased the target price from $0.00 to $51.00. At the time, this indicated a possible upside of 0.10%.

See Chart Below

Valero Energy Partners LP (NYSE:VLP)

Valero Energy Partners LP has a 52 week low of $38.90 and a 52 week high of $51.00 with a P/E ratio of 14.16 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $58.00 with 1 firm rating the stock a strong buy, 8 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Valero Energy Partners LP (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 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. It provides assets and services, such as Port Arthur logistics system, McKee logistics system, Memphis logistics system, Three Rivers logistics system, Ardmore logistics system, Houston logistics system, St. Charles logistics system, Corpus Christi logistics system and Meraux logistics system. 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *