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Valero Beats 3Q17 Earnings Estimates, But Stock Falls

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1 2 3 4 5
Part 4
Valero Beats 3Q17 Earnings Estimates, But Stock Falls PART 4 OF 5

Where the Analysts Stand on VLO after the 3Q17 Results

Analyst ratings for VLO

After releasing its 3Q17 earnings results, Valero Energy (VLO) has received recommendations from a total of 21 analysts, eight (38%) of which have assigned a “buy” or “strong buy” rating, and 13 (62%) of which have assigned “hold” ratings. None recommends a “sell” or “strong sell.”

Where the Analysts Stand on VLO after the 3Q17 Results

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After the 3Q17 earnings, RBC has cut Valero’s target price from $88 to $87 per share. As Wall Street analysts drill down the 3Q17 numbers, VLO could see changes in its ratings and target prices.

Before its 3Q17 results, Jefferies downgraded Valero to a “hold” rating, but Citigroup raised Valero’s target price from $68 to $76 per share. VLO’s mean target price of $81 per share implies a 6% gain from its current level.

Analyst ratings for other refiners

By comparison, peers HollyFrontier (HFC), Delek US Holdings (DK), and Andeavor (ANDV) have been rated as a “buy” by 31%, 33%, and 77% of analysts, respectively. Downstream peers PBF Energy (PBF), Marathon Petroleum (MPC), and Phillips 66 (PSX) have been rated as “buy” by 29%, 79%, and 42% of analysts, respectively.

In the next and final part of this series, we’ll examine the changes VLO’s implied volatility after its 3Q17 results. We’ll also look at the stock price forecast range for the next eight days following its results.

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