Valero Energy (NYSE:VLO) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Valero Energy to post earnings of $1.71 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.15 earnings per share. On average, analysts expect Valero Energy to post $4 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NYSE VLO opened at $94.17 on Wednesday. The stock has a market cap of $37.74 billion, a P/E ratio of 12.78, a P/E/G ratio of 2.54 and a beta of 1.48. The firm has a 50 day moving average price of $84.32 and a 200 day moving average price of $82.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42. Valero Energy has a 52-week low of $68.81 and a 52-week high of $94.72.
A number of research analysts have weighed in on the stock. Wells Fargo & Co lifted their price target on shares of Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. cut their price target on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. ValuEngine raised shares of Valero Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Royal Bank of Canada set a $98.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Morgan Stanley lifted their price target on shares of Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Buy” and an average price target of $103.56.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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