PBF Energy’s (PBF) “Underweight” Rating Reiterated at Barclays PLC

PBF Energy Inc. (NYSE:PBF)‘s stock had its “underweight” rating reissued by research analysts at Barclays PLC in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $26.00 price target on the oil and gas company’s stock, up from their prior price target of $24.00. Barclays PLC’s price objective would indicate a potential downside of 4.83% from the company’s previous close.

A number of other equities analysts have also recently issued reports on PBF. Citigroup Inc. lowered their target price on PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a report on Monday, August 7th. BidaskClub cut PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered PBF Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Cowen and Company restated a “buy” rating and set a $30.00 target price on shares of PBF Energy in a research report on Thursday, August 17th. Finally, Wolfe Research lowered PBF Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 25th. Three investment 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 company. The company presently has an average rating of “Hold” and an average target price of $25.00.

Shares of PBF Energy (NYSE:PBF) traded up 0.66% on Tuesday, reaching $27.32. The company had a trading volume of 1,147,273 shares. The company’s 50-day moving average price is $25.63 and its 200-day moving average price is $22.62. The firm’s market capitalization is $3.00 billion. PBF Energy has a 52-week low of $18.48 and a 52-week high of $30.98.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period last year, the firm posted $0.14 EPS. On average, analysts predict that PBF Energy will post $0.91 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. grew its holdings in shares of PBF Energy by 1.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock worth $380,000 after acquiring an additional 177 shares during the period. Utah Retirement Systems boosted its position in shares of PBF Energy by 1.0% in the 2nd quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock worth $447,000 after purchasing an additional 200 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of PBF Energy by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 26,436 shares of the oil and gas company’s stock worth $586,000 after purchasing an additional 316 shares in the last quarter. M&T Bank Corp boosted its positi

A number of other equities analysts have also recently issued reports on PBF. Citigroup Inc. lowered their target price on PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a report on Monday, August 7th. BidaskClub cut PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered PBF Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Cowen and Company restated a “buy” rating and set a $30.00 target price on shares of PBF Energy in a research report on Thursday, August 17th. Finally, Wolfe Research lowered PBF Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 25th. Three investment 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 company. The company presently has an average rating of “Hold” and an average target price of $25.00.

Shares of PBF Energy (NYSE:PBF) traded up 0.66% on Tuesday, reaching $27.32. The company had a trading volume of 1,147,273 shares. The company’s 50-day moving average price is $25.63 and its 200-day moving average price is $22.62. The firm’s market capitalization is $3.00 billion. PBF Energy has a 52-week low of $18.48 and a 52-week high of $30.98.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period last year, the firm posted $0.14 EPS. On average, analysts predict that PBF Energy will post $0.91 earnings per share for the current year.

WARNING: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/pbf-energy-inc-pbf-given-new-26-00-price-target-at-barclays-plc.html.

A number of large investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. grew its holdings in shares of PBF Energy by 1.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock worth $380,000 after acquiring an additional 177 shares during the period. Utah Retirement Systems boosted its position in shares of PBF Energy by 1.0% in the 2nd quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock worth $447,000 after purchasing an additional 200 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of PBF Energy by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 26,436 shares of the oil and gas company’s stock worth $586,000 after purchasing an additional 316 shares in the last quarter. M&T Bank Corp boosted its position in shares of PBF Energy by 2.8% in the 2nd quarter. M&T Bank Corp now owns 18,483 shares of the oil and gas company’s stock worth $411,000 after purchasing an additional 496 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of PBF Energy by 6.4% in the 2nd quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 570 shares in the last quarter.

About PBF Energy

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)

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