Barclays Raises 2012/13 Distribution Growth Estimates on Oiltanking Partners (OILT)
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Price: $30.24 --0%
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 22
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 22
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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.
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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