PBF Energy Inc. (NYSE:PBF) was upgraded by equities researchers at TheStreet from a “c” rating to a “b” rating in a research note issued on Thursday.
Other equities analysts have also recently issued reports about the stock. Citigroup Inc. lowered their price objective on shares of PBF Energy from $37.50 to $33.50 and set a “buy” rating on the stock in a research report on Monday, July 17th. Scotiabank set a $24.00 price objective on shares of PBF Energy and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, October 5th. Finally, Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.22.
PBF Energy (NYSE:PBF) opened at $30.83 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. The stock has a market capitalization of $3,382.53, a price-to-earnings ratio of 65.60, a P/E/G ratio of 2.37 and a beta of 1.42.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.22. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the company posted ($0.16) EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. sell-side analysts expect that PBF Energy will post 1.3 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “PBF Energy Inc. (PBF) Upgraded to B at TheStreet” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/11/06/pbf-energy-inc-pbf-upgraded-to-b-at-thestreet.html.
Hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. lifted its stake in shares of PBF Energy by 50.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 1,580 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of PBF Energy in the 1st quarter valued at $113,000. Creative Planning lifted its stake in shares of PBF Energy by 92.7% in the 2nd quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock valued at $116,000 after purchasing an additional 2,503 shares during the last quarter. Flinton Capital Management LLC acquired a new stake in shares of PBF Energy in the 2nd quarter valued at $119,000. Finally, Huntington National Bank acquired a new stake in shares of PBF Energy in the 2nd quarter valued at $126,000.
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.
What are top analysts saying about PBF Energy Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PBF Energy Inc. and related companies.