PBF Energy Inc. (NYSE:PBF) Receives Consensus Rating of “Hold” from Analysts

Shares of PBF Energy Inc. (NYSE:PBF) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.30.

PBF has been the subject of a number of research reports. Royal Bank of Canada raised their target price on shares of PBF Energy from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, November 1st. Morgan Stanley initiated coverage on shares of PBF Energy in a report on Tuesday, September 7th. They set an “equal weight” rating and a $12.00 target price for the company. Barclays raised their target price on shares of PBF Energy from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 8th. Wells Fargo & Company raised their target price on shares of PBF Energy from $8.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 29th. Finally, The Goldman Sachs Group upped their price target on shares of PBF Energy from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, October 14th.

Shares of PBF Energy stock traded down $1.41 on Friday, hitting $12.23. The company had a trading volume of 3,453,036 shares, compared to its average volume of 4,449,954. The business has a 50-day simple moving average of $14.17 and a 200-day simple moving average of $13.10. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.31 and a quick ratio of 0.63. The company has a market cap of $1.47 billion, a PE ratio of -6.34 and a beta of 2.76. PBF Energy has a 52 week low of $6.16 and a 52 week high of $18.78.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.37. The business had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.44 billion. PBF Energy had a negative net margin of 1.03% and a negative return on equity of 44.77%. The business’s revenue was up 96.0% on a year-over-year basis. During the same period last year, the firm posted ($2.87) earnings per share. On average, equities research analysts predict that PBF Energy will post -3.84 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of PBF. Nuveen Asset Management LLC grew its stake in PBF Energy by 37.6% in the 1st quarter. Nuveen Asset Management LLC now owns 957,845 shares of the oil and gas company’s stock valued at $13,554,000 after buying an additional 261,486 shares during the last quarter. HRT Financial LP grew its position in PBF Energy by 3.9% in the 1st quarter. HRT Financial LP now owns 45,428 shares of the oil and gas company’s stock worth $642,000 after purchasing an additional 1,720 shares during the last quarter. Ameriprise Financial Inc. grew its position in PBF Energy by 7.0% in the 1st quarter. Ameriprise Financial Inc. now owns 453,107 shares of the oil and gas company’s stock worth $6,412,000 after purchasing an additional 29,751 shares during the last quarter. Captrust Financial Advisors grew its position in PBF Energy by 86.5% in the 1st quarter. Captrust Financial Advisors now owns 3,833 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in PBF Energy in the 1st quarter worth $437,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products.

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Analyst Recommendations for PBF Energy (NYSE:PBF)

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