PBF Energy (PBF) Receives Price Target

PBF Energy (PBF) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $33 and the lowest price target forecast is $17. The average forecast of all the analysts is $27.75 and the expected standard deviation is $4.95.

PBF Energy (PBF) : 4 brokerage houses believe that PBF Energy (PBF) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PBF Energy (PBF). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.3.


Also, JP Morgan downgrades their rating on the shares of PBF Energy (NYSE:PBF). The current rating of the shares is Neutral. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm lowers the price target to $21 per share from $33 per share. The rating by the firm was issued on July 11, 2016.

PBF Energy (NYSE:PBF): The stock opened at $21.79 on Thursday but the bulls could not build on the opening and the stock topped out at $21.97 for the day. The stock traded down to $20.72 during the day, due to lack of any buying support eventually closed down at $21.19 with a loss of -3.24% for the day. The stock had closed at $21.90 on the previous day. The total traded volume was 2,453,390 shares.

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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