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Valero Energy (VLO) to Benefit From Mexican Energy Reforms
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An independent refiner, Valero Energy Corporation (VLO - Free Report) , plans to avail opportunities stemming from the implementation of reforms in the Mexican energy space.
The company is aggressively pursuing business prospects in Mexico, where it already has a presence. Earlier, Valero used to sell its gasoline, diesel, jet fuel and other refined products to Pemex, Mexico's national oil company. Pemex in turn would distribute the products at gas stations and other outlets under its brand.
As part of the energy reforms that has opened the Mexican market to foreign competition, Valero can now sell products under its own brand. It will also help the company to expand market share and recognition in Mexico.
About the Company
Valero is the largest independent refiner and marketer of petroleum products in the United States. The company offers the most diversified refinery base with a capacity of 3.1 million barrels per day across 15 facilities located throughout the United States, Canada and the Caribbean. The company is also a leading ethanol producer with 11 plants in the Midwest that have a combined capacity of 1.3 billion gallons per year. The company also has a 50-megawatt wind farm and renewable diesel production from a joint venture.
Price Movement
The company’s shares have increased 6.8% compared with the industry’s increase of 6.7% over the last three months amid oil price volatility. However, we are concerned about the company’s escalating debt levels over the past six quarters. Zacks Rank & Key Picks
Currently, Valero carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include TransCanada Corporation (TRP - Free Report) , Transmontaigne Partners LP and Range Resources Corporation (RRC - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Headquartered in Calgary, Canada, TransCanada is a midstream energy firm in North America. The company delivered an average positive earnings surprise of 4.06% over the last four quarters.
Transmontaigne, headquartered in Denver, CO, involves in transporting and storing refined petroleum products. The firm delivered an average positive earnings surprise of 6.60% over the last four quarters.
Based in Fort Worth, TX, Range Resources is an independent oil and gas company, engaged in the exploration, development and acquisition of U.S. oil and gas resources. The company’s 2017 earnings are estimated to grow 1587.17%.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
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Valero Energy (VLO) to Benefit From Mexican Energy Reforms
An independent refiner, Valero Energy Corporation (VLO - Free Report) , plans to avail opportunities stemming from the implementation of reforms in the Mexican energy space.
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The company is aggressively pursuing business prospects in Mexico, where it already has a presence. Earlier, Valero used to sell its gasoline, diesel, jet fuel and other refined products to Pemex, Mexico's national oil company. Pemex in turn would distribute the products at gas stations and other outlets under its brand.
As part of the energy reforms that has opened the Mexican market to foreign competition, Valero can now sell products under its own brand. It will also help the company to expand market share and recognition in Mexico.
About the Company
Valero is the largest independent refiner and marketer of petroleum products in the United States. The company offers the most diversified refinery base with a capacity of 3.1 million barrels per day across 15 facilities located throughout the United States, Canada and the Caribbean. The company is also a leading ethanol producer with 11 plants in the Midwest that have a combined capacity of 1.3 billion gallons per year. The company also has a 50-megawatt wind farm and renewable diesel production from a joint venture.
Price Movement
The company’s shares have increased 6.8% compared with the industry’s increase of 6.7% over the last three months amid oil price volatility. However, we are concerned about the company’s escalating debt levels over the past six quarters.
Zacks Rank & Key Picks
Currently, Valero carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include TransCanada Corporation (TRP - Free Report) , Transmontaigne Partners LP and Range Resources Corporation (RRC - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Headquartered in Calgary, Canada, TransCanada is a midstream energy firm in North America. The company delivered an average positive earnings surprise of 4.06% over the last four quarters.
Transmontaigne, headquartered in Denver, CO, involves in transporting and storing refined petroleum products. The firm delivered an average positive earnings surprise of 6.60% over the last four quarters.
Based in Fort Worth, TX, Range Resources is an independent oil and gas company, engaged in the exploration, development and acquisition of U.S. oil and gas resources. The company’s 2017 earnings are estimated to grow 1587.17%.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
Download the new report now>>