Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Valero Energy Stock Continues To Show A Rising Composite Ratings

The IBD SmartSelect Composite Rating for Valero Energy rose from 93 to 97 Tuesday.

The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Valero Energy is not currently near a proper buy zone. It has given back all gains from a recent cup with handle pattern. Recently bouncing off the 200-day MA, look for the stock to form and break out of a new chart pattern.

Looking For The Best Stocks To Buy And Watch? Start Here

 

The stock earns an 82 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 82% of all stocks.

Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

The company posted a 437% increase in earnings for Q3. Revenue growth fell to 51%, down from 86% in the previous quarter.

Valero Energy holds the No. 4 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Global Partners is the No. 1-ranked stock within the group.

​Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.