Morgan Stanley (MS) Analysts Begin Coverage on Oiltanking Partners (OILT)
Tuesday, August 23, 2021 1:35 PM



Equities research analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of Oiltanking Partners (NASDAQ: OILT) in a research note to investors on Tuesday. The analysts set an "equal weight" rating on the stock.

Separately, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Oiltanking Partners in a research note to investors on Tuesday. They set an "overweight" rating and a $28.00 price target on the stock. Also, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Oiltanking Partners in a research note to investors on Tuesday. They set an "outperform" rating on the stock.

Shares of Oiltanking Partners traded up 0.26% during mid-day trading on Wednesday, hitting $23.26. Oiltanking Partners has a 52 week low of $21.75 and a 52 week high of $25.25. The stock's 50-day moving average is $23.78 and its 200-day moving average is $23.78. The company has a market cap of $904.8 million and a price-to-earnings ratio of 15.30.

Oiltanking Partners, L.P. ( Oiltanking Partner) is engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. Within the energy industry, storage and terminaling services are the critical logistical midstream link between the exploration and production sector and the refining sector. Its terminal assets are located along the upper Gulf Coast of the United States. Its Houston and Beaumont terminals provides deep-water access and interconnectivity to refineries, chemical and petrochemical companies, carrier and pipelines and production facilities and have international marketing and distribution capabilities. Its facilities are directly connected to 18 refineries, storage and production facilities along the upper Gulf Coast area through pipelines, and through carrier pipelines, to end markets along the Gulf Coast and to the cushing storage interchange in Oklahoma. Refiners and chemical companiesuse its terminals.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.


 

Sponsors

Advertisement


Advertisement