PBF Energy (PBF) : Traders are bullish on PBF Energy (PBF) as it has outperformed the S&P 500 by a wide margin of 2.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.55% in the last 1 week, and is up 4.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
PBF Energy (NYSE:PBF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.37 and $22.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.91, notching a gain of 2.41% for the day. The total traded volume was 1,895,151 . The stock had closed at $22.37 on the previous day.
The stock has recorded a 20-day Moving Average of 2.82% and the 50-Day Moving Average is 3.7%. PBF Energy Inc. has dropped 21.77% during the last 3-month period . Year-to-Date the stock performance stands at -36.43%.
PBF Energy (PBF) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $33 and the lowest price target forecast is $19. The average forecast of all the analysts is $27.22 and the expected standard deviation is $4.68.
PBF Energy Inc. (PBF) is a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products. PBF owns and operates three domestic oil refineries and related assets with a combined processing capacity, known as throughput, of approximately 540,000bpd, and a weighted average Nelson Complexity Index of 11.3. PBF Energys three refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The Company operates in two business segments: Refining and Logistics. The Companys three oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and are aggregated into the Refining segment. PBFX operates logistical assets , such as crude oil and refined petroleum products terminals, pipelines, and storage facilities, which are aggregated into the Logistics segment.