Analyst Rating Update on This Canadian Energy Company
Raymond James analyst Justin Jenkins maintained a Buy rating on Valero Energy (VLO) today and set a price target of $69.00. The company’s shares closed last Thursday at $59.67.
According to TipRanks.com, Jenkins is a 4-star analyst with an average return of 3.8% and a 59.6% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Crossamerica Partners.
Valero Energy has an analyst consensus of Strong Buy, with a price target consensus of $65.86, an 11.5% upside from current levels. In a report released today, Citigroup also maintained a Buy rating on the stock with a $70.00 price target.
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The company has a one-year high of $98.03 and a one-year low of $31.00. Currently, Valero Energy has an average volume of 5.08M.
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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations. The Ethanol segment includes its ethanol operations, associated marketing activities, and logistics assets that support its ethanol operations. The Renewable Diesel covers the operations of Diamond Green Diesel Holdings LLC. The company was founded on January 1, 1980 and is headquartered in San Antonio, TX.