Wells Fargo analyst Roger Read maintains $PBF Energy (PBF.US)$ with a buy rating, and maintains the target price at $39.
According to TipRanks data, the analyst has a success rate of 58.0% and a total average return of 9.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PBF Energy (PBF.US)$'s main analysts recently are as follows:
The expectation is set for PBF Energy to potentially fall short of free cash flow and earnings projections for Q3 despite enhancements in operating efficiency. Given its significant exposure to the challenging macro refining conditions, especially on the West Coast, a considerable shortfall in Q3 performance is anticipated.
The analyst suggests that the decline in crack spreads has reached its nadir, and improvements in diesel demand are underway. Additionally, they note that softer prices and payrolls are bolstering gasoline demand, while inventories of refined products remain below typical levels. It is anticipated that increasing OPEC+ production in the coming years will lead to broader crude differentials, which could benefit coastal refiners. Furthermore, the analyst projects that expansions in Western Hemisphere refining capacity will be constrained, as anticipated shutdowns in 2025 are expected to counterbalance the increases from recent openings and expansions in biofuels.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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富國集團分析師Roger Read維持$PBF Energy (PBF.US)$買入評級，維持目標價39美元。
根據TipRanks數據顯示，該分析師近一年總勝率為58.0%，總平均回報率為9.4%。
此外，綜合報道，$PBF Energy (PBF.US)$近期主要分析師觀點如下：
儘管運營效率有所提高，但預計PBF Energy仍可能低於第三季度的自由現金流和收益預期。鑑於其面臨嚴峻的宏觀煉油條件的巨大風險，尤其是在西海岸，預計第三季度的業績將出現相當大的不足。
該分析師認爲，裂縫利差的下降已達到最低點，柴油需求正在改善。此外，他們指出，價格和就業人數疲軟正在提振汽油需求，而成品油庫存仍低於正常水平。預計未來幾年歐佩克+產量的增加將導致更大的原油差異，這可能會使沿海煉油商受益。此外，分析師預計，西半球煉油產能的擴張將受到限制，因爲預計2025年的停產將抵消近期生物燃料開放和擴張帶來的增長。
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