PBF Energy Inc. (NYSE:PBF) was upgraded by equities researchers at Barclays PLC from an “underweight” rating to an “overweight” rating in a note issued to investors on Tuesday. The firm currently has a $39.00 target price on the oil and gas company’s stock, up from their previous target price of $28.00. Barclays PLC’s price target would indicate a potential upside of 26.75% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Friday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $30.00 price target on shares of PBF Energy in a research note on Tuesday, November 7th. Tudor Pickering raised PBF Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. TheStreet raised PBF Energy from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, Scotiabank reaffirmed a “buy” rating on shares of PBF Energy in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.56.

Shares of PBF Energy (PBF) traded down $0.52 during trading hours on Tuesday, hitting $30.77. The stock had a trading volume of 2,642,300 shares, compared to its average volume of 2,436,189. The firm has a market cap of $3,443.03, a P/E ratio of 66.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.42. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.50. PBF Energy has a 12 month low of $18.48 and a 12 month high of $32.05.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 2.35% and a net margin of 1.14%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) EPS. research analysts predict that PBF Energy will post 1.59 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/14/barclays-plc-upgrades-pbf-energy-inc-pbf-to-overweight.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its holdings in PBF Energy by 50.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 1,580 shares in the last quarter. Creative Planning increased its holdings in PBF Energy by 92.7% during the 2nd quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 2,503 shares in the last quarter. Flinton Capital Management LLC bought a new stake in PBF Energy during the 2nd quarter worth approximately $119,000. Huntington National Bank bought a new position in shares of PBF Energy in the second quarter valued at approximately $126,000. Finally, Sei Investments Co. grew its holdings in shares of PBF Energy by 391.7% in the second quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 4,814 shares in the last quarter.

PBF Energy Company Profile

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.

Analyst Recommendations for PBF Energy (NYSE:PBF)

Receive News & Ratings for PBF Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.