In a report launched at this time, Jason Gabelman from Cowen & Co. maintained a Purchase ranking on Valero Power (VLO – Analysis Report), with a value goal of $82.00. The corporate’s shares closed final Tuesday at $74.05.
In response to TipRanks.com, Gabelman is a 1-star analyst with a mean return of -2.8% and a 35.6% success charge. Gabelman covers the Utilities sector, specializing in shares reminiscent of Marathon Petroleum, Delek US Holdings, and Hollyfrontier.
The phrase on The Avenue normally, suggests a Robust Purchase analyst consensus ranking for Valero Power with a $94.27 common value goal, implying a 28.1% upside from present ranges. In a report issued on December 15, RBC Capital additionally maintained a Purchase ranking on the inventory with a $97.00 value goal.
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Based mostly on Valero Power’s newest earnings launch for the quarter ending September 30, the corporate reported a quarterly income of $29.52 billion and web revenue of $463 million. Compared, final yr the corporate earned income of $15.81 billion and had a GAAP web lack of $464 million.
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Based in 1980, Texas-based Valero Power Corp. manufactures and markets transportation fuels and different petrochemical merchandise. The corporate operates by way of three enterprise segments: Refining, Ethanol and Renewable Diesel.
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