Short Term Price Target on PBF Energy (PBF)

PBF Energy (NYSE:PBF) : The consensus price target for PBF Energy (NYSE:PBF) is $35.3 for the short term with a standard deviation of $4.69. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $44, however, the pessimist price target for the company is $28.

PBF Energy Inc. has lost 2.1% in the last five trading days and dropped 13.68% in the last 4 weeks. PBF Energy Inc. has dropped 25.45% during the last 3-month period . Year-to-Date the stock performance stands at -34.02%. Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on PBF Energy (NYSE:PBF). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at JP Morgan lowers the price target from $35 per share to $33 per share. The rating by the firm was issued on June 10, 2016.

PBF Energy (NYSE:PBF) has an average broker rating of 2, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

PBF Energy (NYSE:PBF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.55 and $22.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.78, notching a gain of 0.89% for the day. The total traded volume was 2,640,115 . The stock had closed at $23.57 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President) of Pbf Energy Inc., Lucey Matthew C., had purchased 10,000 shares in a transaction dated on June 1, 2016. The transaction was executed at $27.5 per share with total amount equaling $275,000.

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.

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