PBF Energy Stock Rating Upgraded by Howard Weil (PBF)
PBF Energy (NYSE:PBF) was upgraded by analysts at Howard Weil from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $36.00 price target on the stock. Howard Weil’s price target suggests a potential upside of 26.32% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of PBF Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a $28.40 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of PBF Energy from $27.00 to $30.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of PBF Energy from $22.00 to $25.00 in a research note to investors on Friday, November 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.05.
PBF Energy (NYSE:PBF) remained flat at $28.5008 during during mid-day trading trading on Wednesday. 675,548 shares of the company’s stock traded hands. PBF Energy has a 52 week low of $20.15 and a 52 week high of $42.50. The stock has a 50-day moving average of $29.37 and a 200-day moving average of $25.09. The company’s market cap is $1.128 billion.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.48) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.41. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.52 billion. PBF Energy’s revenue was down 9.9% compared to the same quarter last year. On average, analysts predict that PBF Energy will post $1.18 earnings per share for the current fiscal year.
PBF Energy Inc (NYSE:PBF) is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oils, petrochemical feedstocks, lubricants and other petroleum products in the United States.
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