Valero Energy Rating Reiterated by Barclays Capital (VLO)
Valero Energy (NYSE: VLO)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays Capital in a research note issued to investors on Friday, Stock Ratings Network reports. They currently have a $72.00 price target on the stock, down from their previous price target of $75.00.
A number of other analysts have also recently weighed in on VLO. Analysts at TheStreet reiterated a “buy” rating on shares of Valero Energy in a research note to investors on Monday, April 22nd. Separately, analysts at Deutsche Bank cut their price target on shares of Valero Energy from $51.00 to $46.00 in a research note to investors on Wednesday, April 17th. They now have a “hold” rating on the stock.
Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.31.
Shares of Valero Energy (NYSE: VLO) traded down 3.82% during mid-day trading on Friday, hitting $38.78. Valero Energy has a 52 week low of $20.00 and a 52 week high of $48.97. The stock’s 50-day moving average is currently $43.18. The company has a market cap of $21.443 billion and a P/E ratio of 10.75.
Valero Energy (NYSE: VLO) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $30.41 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts expect that Valero Energy will post $5.49 EPS for the current fiscal year.
Valero Energy Corporation (NYSE: VLO) is an independent petroleum refining and marketing company.
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