Valero Energy (VLO) Set to Announce Earnings on Thursday

Valero Energy (NYSE:VLO) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Valero Energy to post earnings of $3.08 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.40 earnings per share. On average, analysts expect Valero Energy to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Valero Energy Trading Down 1.1 %

VLO opened at $135.51 on Tuesday. The firm has a market cap of $43.41 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Valero Energy has a 52 week low of $119.88 and a 52 week high of $184.79. The business’s 50 day moving average is $139.45 and its two-hundred day moving average is $151.06. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Wolfe Research began coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price on the stock. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. Scotiabank lowered their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Mizuho lowered their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.