Today’s session imposed a decisive stop to the vertical collapse that Saras has accused in the last 3 periods.
Saras in the rally after a few nightmare courses
The exchange has traded about five details of shares not later than yesterday, leaving much more than 23% on the ground floor in the last 3 times.
These days, Saras immediately took the path of progress and accelerated to the top in the last hour and 50 percent of buying and selling.
At the session’s close, the stock closed at €1.1185, up 5.07%, with nearly 9 million shares changing hands, compared to its 30-time average of around 10.5 million.
Saras: Refining margin is falling again
Saras reacted decisively and catalyzed the purchases despite the weekly information related to the usual refining margin in the Mediterranean area.
As of August 5, 2022, EMC’s benchmark margin was $1.5 per barrel, down from $3.2 in the previous octave.
The August thirty day period opened with a regular margin much lower than July’s $7.5 and even more than June’s $19.5.
Saras: Mediobanca talks about very weak information and remains cautious
According to analysts at Mediobanca Securities, the sharp decline in refining margins represents a key downside for Saras shares, and in light of the steep growth seen at the start of the year.
Meanwhile, the specialist meeting did not adjust, which maintains a cautious view on inventory, with a “neutral” suggestion and a focus on cost of 1.35 euros.
Saras: Margins will continue to be high for Bestinver
Bullish, on the other hand, is the Bestinver method that these days reiterates the “buy” rating on Saras, with a valuation range between 1.6 and 1.7 euros.
Industry experts believe that the decline in refining margin recorded in the first 7 days is due to the collapse of gasoline exploitation shortly after the decrease in the intake in the United States and the increase in the selling prices of energy.
however, Bestinver expects refining margins to remain high as the Russia-Ukraine war has disrupted usual supply styles, producing new crude flows and critical shortages of petroleum products.
The biggest effect should be seen from February 2023, when the embargo on Russian oil products will start.