UPDATE - Barclays Initiates Coverage on Oiltanking Partners (OILT) with an Overweight
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Price: $31.89 +1.21%
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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UPDATE - Barclays initiates coverage on Oiltanking Partners (NYSE: OILT) with an Overweight. PT $28.00.
Barclays analyst says, "Stable cash flows. OILT generates fee-based crude oil storage and terminaling revenues with no direct commodity price exposure and has strong cash flow stability with 77% of revenues from take-or-pay contracts, in which OILT receives fixed monthly fees regardless of storage volumes..."
"Solid organic growth prospects supported by strategically located assets and
favorable crude infrastructure backdrop, plus potential acquisitions, dropdowns..."
To see more ratings changes on OILT, Click Here
Barclays analyst says, "Stable cash flows. OILT generates fee-based crude oil storage and terminaling revenues with no direct commodity price exposure and has strong cash flow stability with 77% of revenues from take-or-pay contracts, in which OILT receives fixed monthly fees regardless of storage volumes..."
"Solid organic growth prospects supported by strategically located assets and
favorable crude infrastructure backdrop, plus potential acquisitions, dropdowns..."
To see more ratings changes on OILT, Click Here
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