Analysts at Credit Suisse Group began coverage on shares of PBF Energy (NYSE:PBF) in a research note issued on Monday. The brokerage set a “neutral” rating and a $37.00 price target on the oil and gas company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 7.40% from the company’s previous close.
PBF has been the subject of a number of other reports. Barclays reiterated a “buy” rating and set a $44.00 target price on shares of PBF Energy in a research note on Friday, February 16th. Scotiabank reiterated a “buy” rating and set a $41.00 target price on shares of PBF Energy in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Morgan Stanley lowered shares of PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 target price for the company. in a research note on Thursday, January 11th. Finally, ValuEngine upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. PBF Energy currently has a consensus rating of “Hold” and an average target price of $37.50.
PBF stock traded down $0.48 during midday trading on Monday, hitting $34.45. The company’s stock had a trading volume of 1,638,656 shares, compared to its average volume of 2,111,111. The stock has a market capitalization of $3,865.77, a PE ratio of 30.22, a price-to-earnings-growth ratio of 1.03 and a beta of 1.16. PBF Energy has a 12 month low of $18.48 and a 12 month high of $37.01. The company has a current ratio of 1.57, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.
PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $5.23 billion. PBF Energy had a net margin of 1.91% and a return on equity of 4.97%. The business’s revenue was up 37.6% compared to the same quarter last year. During the same period last year, the company posted ($0.71) earnings per share. research analysts predict that PBF Energy will post 3.38 earnings per share for the current year.
Several large investors have recently bought and sold shares of PBF. Ffcm LLC increased its stake in shares of PBF Energy by 421.1% in the 4th quarter. Ffcm LLC now owns 4,758 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 3,845 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of PBF Energy in the 4th quarter worth $207,000. Ingalls & Snyder LLC purchased a new stake in shares of PBF Energy in the 4th quarter worth $209,000. CIBC World Markets Inc. purchased a new stake in shares of PBF Energy in the 4th quarter worth $213,000. Finally, Shelton Capital Management purchased a new stake in shares of PBF Energy in the 3rd quarter worth $218,000.
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PBF Energy Company Profile
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.
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