Morgan Stanley analyst Joe Laetsch maintains $PBF Energy (PBF.US)$ with a hold rating, and maintains the target price at $38.
According to TipRanks data, the analyst has a success rate of 48.3% and a total average return of 2.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PBF Energy (PBF.US)$'s main analysts recently are as follows:
Analysts anticipate that PBF Energy may not meet expected levels of free cash flow and earnings for Q3, despite advancements in operating efficiency. Given the company's significant exposure to the challenging macro refining climate, especially on the West Coast, a considerable shortfall for Q3 is predicted.
The analyst suggests that the challenges for PBF Energy have reached their nadir, with indications of diesel demand recovery, and factors such as lower prices and payrolls potentially bolstering gasoline demand. Additionally, refined product inventories are reported to be below the usual levels. It's expected that increasing OPEC+ output in the coming years will benefit coastal refiners by expanding crude differentials. The analyst also notes that refining capacity expansions in the Western Hemisphere are anticipated to be constrained, as planned shutdowns in 2025 are likely to counterbalance the capacity added from recent startups and biofuel expansions.
Note:
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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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摩根士丹利分析師Joe Laetsch維持$PBF Energy (PBF.US)$持有評級，維持目標價38美元。
根據TipRanks數據顯示，該分析師近一年總勝率為48.3%，總平均回報率為2.5%。
此外，綜合報道，$PBF Energy (PBF.US)$近期主要分析師觀點如下：
分析師預計，儘管運營效率有所提高，但PBF Energy可能無法達到第三季度的預期自由現金流和收益水平。鑑於該公司在嚴峻的宏觀煉油環境中面臨大量風險，尤其是在西海岸，預計第三季度將出現相當大的短缺。
這位分析師認爲，PBF Energy面臨的挑戰已達到最低點，有跡象表明柴油需求有所恢復，價格和就業人數下降等因素有可能提振汽油需求。此外，據報道，成品庫存低於通常水平。預計未來幾年歐佩克+產量的增加將通過擴大原油差異使沿海煉油商受益。該分析師還指出，預計西半球的煉油產能擴張將受到限制，因爲計劃於2025年停產可能會抵消近期初創企業和生物燃料擴張所增加的產能。
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