Piper Sandler cuts PT on US energy companies
Piper Sandler cuts PT on several US-based energy companies due to a bearish outlook for crude and global gas, which is expected to limit sector outperformance versus the broader market
Brokerage sees refining market stronger than 2025 on tighter supply-demand and crude differential tailwinds
"...while the resilience and sustainability of the international oil companies' free cash flow generation remains significantly underappreciated, we are not quite ready to play for the eventual 'upcycle' in crude."
Among the exceptions, Brokerage raises rating for HF Sinclair DINO.N to "overweight" from "neutral" and PBF energy PBF.N to "overweight" from "underweight", citing West Coast exposure, strong crude differential leverage and positive earnings revision momentum
Raises PT on DINO to $68 from $64
Brokerage lowers PT on following companies:
Company | New PT | Old PT | Upside/Downside to stock's last close |
ExxonMobilXOM.N | $142 | $144 | 19.84% upside |
Chevron CVX.N | $174 | $178 | 12.11% upside |
Valero Energy VLO.N | $217 | $223 | 18.02% upside |
Marathon Petroleum MPC.N | $184 | $231 | 6.66% upside |
Phillips 66 PSX.N | $155 | $171 | 12.41% upside |
PBF Energy PBF.N | $40 | $42 | 41.64% upside |
Delek US Holdings DK.N | $40 | $47 | 36.79% upside |
Conocophillips COP.N | $109 | $115 | 22.41% upside |
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first t
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
