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

May 11, 2012 1:18 PM EDT Send to a Friend
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Price: $49.32 -0.54%

Rating Summary:
    6 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 12 | New: 33
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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.

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