Valero Energy (VLO) Set to Announce Quarterly Earnings on Thursday

Valero Energy (NYSE:VLO) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.88 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. During the same quarter last year, the firm posted $8.45 earnings per share. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, analysts expect Valero Energy to post $18 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Valero Energy Stock Up 1.3 %

Shares of Valero Energy stock opened at $165.94 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. The stock has a market cap of $55.17 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 1.50 and a beta of 1.54. The firm’s 50-day moving average is $159.00 and its two-hundred day moving average is $139.68. Valero Energy has a 1 year low of $104.18 and a 1 year high of $184.79.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VLO. Piper Sandler increased their price objective on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $156.00 to $210.00 in a report on Friday, March 15th. Citigroup upped their price objective on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. UBS Group lifted their target price on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, TD Cowen increased their price target on shares of Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.63.

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.