Piper Sandler analyst Ryan Todd maintains $PBF Energy (PBF.US)$ with a sell rating, and maintains the target price at $25.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 5.4% 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 projection for PBF Energy's financial performance incorporates the current decline in refining margins, commonly referred to as 'cracks.' The outlook is influenced by the expected cessation of operations at the Houston refinery owned by LyondellBasell and the Los Angeles refinery owned by Phillips 66 in 2025, which is anticipated to equilibrate the market and potentially enhance earnings in 2026 compared to the preceding two years.
PBF Energy's third-quarter performance fell slightly short of the consensus, primarily due to softer refining margins. Nonetheless, the company has raised its dividend by 10%, reflecting confidence in its financial position and the anticipation of a tightening in refining markets by 2025.
Note:
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