PBF Energy Inc (PBF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of PBF Energy Inc (NYSE:PBF) have received a consensus recommendation of “Hold” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.00.

PBF has been the topic of a number of recent analyst reports. TheStreet raised PBF Energy from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Tudor Pickering raised PBF Energy from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Saturday, November 4th. Scotiabank reissued a “buy” rating on shares of PBF Energy in a report on Friday, November 3rd. Finally, Cowen reissued a “buy” rating and set a $30.00 price target on shares of PBF Energy in a report on Tuesday, October 17th.

PBF Energy (PBF) traded down $0.31 during trading hours on Friday, reaching $33.60. The company’s stock had a trading volume of 1,660,352 shares, compared to its average volume of 2,207,900. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $3,700.00, a PE ratio of 16.80, a PEG ratio of 1.11 and a beta of 1.45. PBF Energy has a twelve month low of $18.48 and a twelve month high of $37.01.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm earned ($0.16) earnings per share. research analysts forecast that PBF Energy will post 1.36 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Ingalls & Snyder LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at about $209,000. State of Alaska Department of Revenue purchased a new position in shares of PBF Energy during the fourth quarter valued at about $230,000. Acadian Asset Management LLC grew its position in shares of PBF Energy by 12,300.4% during the fourth quarter. Acadian Asset Management LLC now owns 1,110,832 shares of the oil and gas company’s stock valued at $39,380,000 after purchasing an additional 1,101,874 shares in the last quarter. Alpha Windward LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at about $579,000. Finally, CAPROCK Group Inc. purchased a new position in shares of PBF Energy during the fourth quarter valued at about $388,000.

ILLEGAL ACTIVITY NOTICE: “PBF Energy Inc (PBF) Receives Consensus Recommendation of “Hold” from Brokerages” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/19/pbf-energy-inc-pbf-receives-consensus-recommendation-of-hold-from-brokerages.html.

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

Leave a Reply