Short Term Rating on PBF Energy (PBF)

PBF Energy (PBF) : 12 analysts are covering PBF Energy (PBF) and their average rating on the stock is 2.25, which is read as a Buy. 5 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 5, which recommends a Strong 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 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

PBF Energy (PBF) : The highest level PBF Energy (PBF) is projected to reach is $44 for the short term and the lowest estimate is at $19. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $32.5 and the possibility the share price can swing is $8.15.

For the current week, the company shares have a recommendation consensus of Buy.


PBF Energy (NYSE:PBF): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.15 and $21.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.38, notching a gain of 2.10% for the day. The total traded volume was 1,946,624 . The stock had closed at $21.92 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

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