PBF Energy (PBF) Shares are Down -0.22%

PBF Energy (PBF) has risen sharply, recording gains of 4.63% in the past 4 weeks. However, the stock has corrected -0.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.23% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

PBF Energy Inc. has dropped 15.99% during the last 3-month period . Year-to-Date the stock performance stands at -35.13%. The stock has recorded a 20-day Moving Average of 2.25% and the 50-Day Moving Average is 1.34%.


PBF Energy (NYSE:PBF): The stock opened at $23.16 on Friday but the bulls could not build on the opening and the stock topped out at $23.35 for the day. The stock traded down to $22.93 during the day, due to lack of any buying support eventually closed down at $23.07 with a loss of -1.16% for the day. The stock had closed at $23.34 on the previous day. The total traded volume was 1,227,832 shares.

Also, JP Morgan downgrades its view on PBF Energy (NYSE:PBF) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. JP Morgan lowers the price target from $33 per share to $21 per share on PBF Energy . The rating by the firm was issued on July 11, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.