The IBD SmartSelect Composite Rating for Valero Energy stock increased from 94 to 97 Friday. The energy stock sports a 94 Relative Strength Rating.
The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Valero Energy stock broke out earlier, but has fallen back below the prior 132.03 entry from a cup with handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price.
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Valero Energy stock sports an 82 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 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.
In Q3, the energy company reported 437% earnings growth. Top line growth came in at 51%, down from 86% in the prior quarter. The company's next quarterly report is expected on or around Jan. 26.
Valero Energy stock holds the No. 3 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Global Partners is the top-ranked stock within the group.
