PBF Energy (PBF) Receives ‘Analyst’ Rating

PBF Energy (PBF) : 10 analysts are covering PBF Energy (PBF) and their average rating on the stock is 2.3, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

PBF Energy (PBF) : The highest short term price target forecast on PBF Energy (PBF) is $33 and the lowest target price is $17. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $27.75 with a standard deviation of $4.95.


Also, Goldman Sachs 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 Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Goldman Sachs lowers the price target from $23 per share to $19 per share on PBF Energy . The rating by the firm was issued on September 9, 2016.

PBF Energy (NYSE:PBF): After opening at $21.8, the stock dipped to an intraday low of $21.71 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.105 and the buying power remained strong till the end. The stock closed at $22.69 for the day, a gain of 4.08% for the day session. The total traded volume was 3,635,980. The stocks close on the previous trading day was $21.8.

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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