Barclays Capital Raises Price Target on Oiltanking Partners (OILT)

By admin | 6 years ago

Analysts at Barclays Capital (NYSE: BCS) upped their price target on shares of Oiltanking Partners (NASDAQ: OILT) from $30.00 to $32.00 in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the stock.

Separately, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of Oiltanking Partners from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, April 9th.

Oiltanking Partners opened at 30.40 on Friday. Oiltanking Partners has a 1-year low of $21.75 and a 1-year high of $32.93. The company has a market cap of $1.183 billion and a price-to-earnings ratio of 44.44.

Oiltanking Partners last released its earnings data on Wednesday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts expect that Oiltanking Partners will post $0.34 EPS next quarter.

Oiltanking Partners, L.P. ( Oiltanking Partner) is engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas.

About the author