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In a report released today, Jason Gabelman from Cowen & Co. maintained a Buy rating on Valero Energy (VLO – Research Report), with a price target of $82.00. The company’s shares closed last Tuesday at $74.05.
According to TipRanks.com, Gabelman is a 1-star analyst with an average return of -2.8% and a 35.6% success rate. Gabelman covers the Utilities sector, focusing on stocks such as Marathon Petroleum, Delek US Holdings, and Hollyfrontier.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Valero Energy with a $94.27 average price target, implying a 28.1% upside from current levels. In a report issued on December 15, RBC Capital also maintained a Buy rating on the stock with a $97.00 price target.
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Based on Valero Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $29.52 billion and net profit of $463 million. In comparison, last year the company earned revenue of $15.81 billion and had a GAAP net loss of $464 million.
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Founded in 1980, Texas-based Valero Energy Corp. manufactures and markets transportation fuels and other petrochemical products. The company operates through three business segments: Refining, Ethanol and Renewable Diesel.
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