RBC Capital Initiates Coverage on PBF Energy Inc(NYSE:PBF). The shares have been rated Sector Perform. The rating by RBC Capital was issued on Apr 12, 2016.
In a different note, On Mar 3, 2016, Bank of America said it Upgrades its rating on PBF Energy Inc. The shares have been rated ‘Neutral’ by the firm. On Feb 16, 2016, Credit Suisse said it Maintains its rating on PBF Energy Inc. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 26, 2016, Deutsche Bank said it Maintains its rating on PBF Energy Inc. According to the research note, Deutsche Bank Raises the price target to $44 per share from a prior target of $40. The shares have been rated ‘Hold’ by the firm. On Jan 15, 2016, Morgan Stanley said it Upgrades its rating on PBF Energy Inc. In the research note, the firm Maintains the price-target to $49 per share. The shares have been rated ‘Overweight’ by the firm.
PBF Energy Inc (PBF) shares turned negative on Fridays trading session with the shares closing down -0.86 points or -2.60% at a volume of 11,19,355. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.275. The peak price level was also seen at $33.275 while the days lowest was $32.11. Finally the shares closed at $32.24. The 52-week high of the shares is $41.75 while the 52-week low is $25.58. According to the latest information available, the market cap of the company is $3,153 M.
PBF Energy Inc(PBF) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $3.36B. Analysts had an estimated revenue of $3.48B. Earnings per share were $0.70. Analysts had estimated an EPS of $0.63.
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 540000bpd and a weighted average Nelson Complexity Index of 11.3. PBF Energy’s 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 Company’s 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.