Piper Jaffray Maintains PBF Energy Inc to Neutral with Price Target $20.00

Brokerage firm Piper Jaffray Maintains its rating on PBF Energy Inc(NYSE:PBF). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Neutral. The rating by Piper Jaffray was issued on Sep 16, 2016.

In a different note, On Sep 15, 2016, Deutsche Bank said it Maintains its rating on PBF Energy Inc. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Hold’ by the firm. On Sep 9, 2016, Goldman Sachs said it Downgrades its rating on PBF Energy Inc. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 11, 2016, JP Morgan said it Downgrades its rating on PBF Energy Inc. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 29, 2016, Goldman Sachs said it Downgrades its rating on PBF Energy Inc. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Neutral’ by the firm.

PBF Energy Inc (PBF) made into the market gainers list on Thursdays trading session with the shares advancing 4.08% or 0.89 points. Due to strong positive momentum, the stock ended at $22.7, which is also near the day’s high of $22.76. The stock began the session at $22.18 and the volume stood at 30,57,850 shares. The 52-week high of the shares is $41.75 and the 52 week low is $20.57. The company has a current market capitalization of $2,221 M and it has 9,78,26,010 shares in outstanding.

PBF Energy Inc(PBF) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.86B. Analysts had an estimated revenue of $3.08B. Earnings per share were $0.14. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, Thomas J. Nimbley (CEO) purchased 50,000 shares at $21.84 per share price.Also, On Sep 9, 2016, Connor Thomas L O (Senior Vice President) purchased 10,000 shares at $21.73 per share price.On Jun 2, 2016, Matthew C. Lucey (President) purchased 10,000 shares at $27.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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