Vistra Energy Corp. (VST) Issues Quarterly Earnings Results
Vistra Energy Corp. (NYSE:VST) posted its quarterly earnings results on Friday. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.32 by $0.32, Briefing.com reports. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.93 billion. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year.
Vistra Energy Corp. (NYSE:VST) traded up $0.11 during mid-day trading on Friday, hitting $19.23. 4,222,940 shares of the stock traded hands, compared to its average volume of 4,515,099. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.07 and a current ratio of 2.38.
VST has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $20.00 price target on shares of Vistra Energy Corp. in a report on Saturday, July 22nd. Zacks Investment Research raised shares of Vistra Energy Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, September 14th. Guggenheim initiated coverage on shares of Vistra Energy Corp. in a report on Tuesday, September 5th. They issued a “buy” rating and a $20.00 price target on the stock. Citigroup Inc. initiated coverage on shares of Vistra Energy Corp. in a report on Thursday, September 28th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, Bank of America Corporation initiated coverage on shares of Vistra Energy Corp. in a report on Tuesday, October 24th. They issued a “buy” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Vistra Energy Corp. currently has an average rating of “Hold” and an average price target of $19.68.
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About Vistra Energy Corp.
Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.
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