Recent Analysts’ Ratings Updates for PBF Energy (PBF)

A number of research firms have changed their ratings and price targets for PBF Energy (NYSE: PBF):

  • 1/4/2018 – PBF Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey. “
  • 12/23/2017 – PBF Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey. “
  • 12/21/2017 – PBF Energy had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $40.00 price target on the stock.
  • 12/19/2017 – PBF Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey. “
  • 12/12/2017 – PBF Energy was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating.
  • 11/28/2017 – PBF Energy was downgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “sell” rating.
  • 11/14/2017 – PBF Energy was upgraded by analysts at Barclays PLC from an “underweight” rating to an “overweight” rating. They now have a $39.00 price target on the stock, up previously from $28.00.
  • 11/10/2017 – PBF Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey. “
  • 11/9/2017 – PBF Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey. “
  • 11/7/2017 – PBF Energy had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $30.00 price target on the stock.
  • 11/6/2017 – PBF Energy was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating.

Shares of PBF Energy Inc (NYSE:PBF) opened at $36.23 on Friday. The firm has a market cap of $4,000.91, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. PBF Energy Inc has a 12-month low of $18.48 and a 12-month high of $37.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.22. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $4.90 billion. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. PBF Energy’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) EPS. equities analysts expect that PBF Energy Inc will post 1.6 earnings per share for the current year.

PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.

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