Barclays Raises 2012/13 Distribution Growth Estimates on Oiltanking Partners (OILT)

May 11, 2012 1:18 PM EDT
Get Alerts OILT Hot Sheet
Price: $44.69 --0%

Rating Summary:
    5 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
Trade OILT Now!
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Oiltanking Partners (NYSE: OILT) price target from $30 to $32.

Analyst, Brian J. Zarahn, said, "Combining better-than-expected earnings, completion of 1mm barrel crude oil storage expansion and recent announcement of $115mm of new crude storage/pipe projects, OILT's growth prospects are improving, in our view. We are raising our 2012/2013 distribution growth estimates from 5.0%/8.2% to 7.9%/11.0% supported by higher terminal volumes and Gulf Coast storage and pipe expansions."

Barclays raises FY12 EPS estimate from $1.29 to $1.48 and FY13 from $1.45 to $1.60.

For an analyst ratings summary and ratings history on Oiltanking Partners click here. For more ratings news on Oiltanking Partners click here.

Shares of Oiltanking Partners closed at $29.78 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Barclays, Crude Oil, Earnings

Add Your Comment