Piper Jaffray Companies reiterated their overweight rating on shares of PBF Energy (NYSE:PBF) in a research note published on Thursday, MarketBeat Ratings reports.

Several other research firms have also issued reports on PBF. Credit Suisse Group lifted their price target on shares of PBF Energy from $46.00 to $53.00 and gave the stock a neutral rating in a report on Friday, October 5th. Raymond James cut their price target on shares of PBF Energy from $50.00 to $43.00 and set an outperform rating on the stock in a report on Monday, December 31st. Finally, Morgan Stanley set a $54.00 price objective on shares of PBF Energy and gave the stock a sell rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $46.91.

PBF stock traded up $0.30 during trading on Thursday, hitting $34.51. 1,369,151 shares of the company’s stock traded hands, compared to its average volume of 1,591,894. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 0.58 and a beta of 1.48. The company has a quick ratio of 0.83, a current ratio of 1.79 and a debt-to-equity ratio of 0.60. PBF Energy has a 1 year low of $28.25 and a 1 year high of $53.91.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.10. PBF Energy had a net margin of 2.64% and a return on equity of 8.17%. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. Analysts anticipate that PBF Energy will post 2.86 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of PBF Energy in the second quarter worth about $145,000. Harvest Fund Management Co. Ltd raised its position in shares of PBF Energy by 172.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,908 shares of the oil and gas company’s stock worth $195,000 after acquiring an additional 2,475 shares during the period. First Foundation Advisors acquired a new position in shares of PBF Energy in the third quarter worth about $207,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of PBF Energy in the second quarter worth about $214,000. Finally, BLB&B Advisors LLC acquired a new position in shares of PBF Energy in the third quarter worth about $216,000. Institutional investors own 92.98% of the company’s stock.

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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Analyst Recommendations for PBF Energy (NYSE:PBF)

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