PBF Energy Inc. (NYSE:PBF) Receives Average Recommendation of “Hold” from Brokerages

PBF Energy Inc. (NYSE:PBF) has earned an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.30.

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

NYSE:PBF traded up $0.15 during trading hours on Friday, hitting $13.64. The company’s stock had a trading volume of 1,691,393 shares, compared to its average volume of 4,454,346. The stock has a market capitalization of $1.64 billion, a P/E ratio of -7.07 and a beta of 2.76. The stock has a fifty day moving average of $14.06 and a 200-day moving average of $13.13. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 1.89. 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 earnings results on Thursday, October 28th. The oil and gas company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.37. The firm had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.44 billion. PBF Energy had a negative return on equity of 44.77% and a negative net margin of 1.03%. PBF Energy’s revenue for the quarter was up 96.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.87) earnings per share. On average, sell-side analysts forecast that PBF Energy will post -3.84 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in PBF Energy by 4.2% during the second quarter. BlackRock Inc. now owns 17,683,077 shares of the oil and gas company’s stock worth $270,550,000 after acquiring an additional 708,810 shares during the last quarter. Vanguard Group Inc. boosted its position in PBF Energy by 1.3% during the second quarter. Vanguard Group Inc. now owns 10,973,775 shares of the oil and gas company’s stock worth $167,899,000 after acquiring an additional 137,027 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PBF Energy by 28.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,614,116 shares of the oil and gas company’s stock worth $85,892,000 after acquiring an additional 1,249,800 shares during the last quarter. Bank of New York Mellon Corp boosted its position in PBF Energy by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 3,998,804 shares of the oil and gas company’s stock worth $61,181,000 after acquiring an additional 434,152 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in PBF Energy by 2.5% during the second quarter. Geode Capital Management LLC now owns 2,116,751 shares of the oil and gas company’s stock worth $32,386,000 after acquiring an additional 51,385 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

PBF Energy Company Profile

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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