Valero Energy (VLO) Scheduled to Post Quarterly Earnings on Thursday

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

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. During the same period last year, the firm earned $8.45 earnings per share. The company’s quarterly revenue 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 Price Performance

NYSE VLO opened at $167.51 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. The firm’s 50 day moving average price is $159.52 and its 200-day moving average price is $139.96. Valero Energy has a 52-week low of $104.18 and a 52-week high of $184.79. The company has a market cap of $55.69 billion, a PE ratio of 6.77, a P/E/G ratio of 1.50 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Piper Sandler raised their target price 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. Barclays lifted their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

About Valero Energy

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.