Refiners Utilize Exports for Extra Profit
Oil refiners have seen some grat profits in the past. It looks like they are at it again, and working hard to incrase thoe profits. What companies are stepping up their game? Let’s look to Paul Ausick for the answers.
Marathon’s shares have risen by more than 7% in the past 12 months. The company’s consensus target price is $51 and the shares are trading today at $41.85, yielding a potential upside of almost 22%. Marathon gets about 70% of its crude from the US and Canada, which is undoubtedly the reason its shares have jumped nearly 26% since the beginning of the year.
Tesoro’s shares are up nearly 16% in the past 12 months. The company’s consensus target price is $30.77 and the shares are trading today at $26.64, for an implied gain of 15.5%. Since the beginning of the year, Tesoro’s shares have gained 14%.
HollyFrontier’s shares are up almost 18% over the past 12 months. The company’s consensus target price is $35.69 and shares are trading at $32.72 today, for a potential gain of 9%. Since the beginning of the year, shares are up nearly 40%. HollyFrontier stock appears to be fully valued, but if the differential between Brent and WTI crudes should widen, the company’s share price could climb right past the current target.
If you are a fan of refiners, these stocks might want to look into. Do your proper research, because it could really pay off.
Quotes taken from report by Paul Ausick, Read the entire article here.
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