Barclays reissued their buy rating on shares of PBF Energy (NYSE:PBF) in a report released on Friday morning. They currently have a $62.00 target price on the oil and gas company’s stock.

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

Shares of PBF opened at $34.51 on Friday. PBF Energy has a 52-week low of $28.25 and a 52-week high of $53.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.79. The firm has a market capitalization of $4.12 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 0.58 and a beta of 1.48.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.10. PBF Energy had a return on equity of 8.17% and a net margin of 2.64%. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the company posted $1.44 EPS. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. Equities research analysts expect that PBF Energy will post 2.86 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama lifted its stake in shares of PBF Energy by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 155,444 shares of the oil and gas company’s stock valued at $5,078,000 after purchasing an additional 564 shares during the period. Putnam Investments LLC lifted its stake in shares of PBF Energy by 0.5% in the 3rd quarter. Putnam Investments LLC now owns 263,113 shares of the oil and gas company’s stock valued at $13,132,000 after purchasing an additional 1,308 shares during the period. Alliancebernstein L.P. lifted its stake in shares of PBF Energy by 2.2% in the 3rd quarter. Alliancebernstein L.P. now owns 60,964 shares of the oil and gas company’s stock valued at $3,043,000 after purchasing an additional 1,323 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of PBF Energy by 2.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 70,536 shares of the oil and gas company’s stock valued at $2,958,000 after purchasing an additional 1,471 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of PBF Energy by 2.7% in the 2nd quarter. Macquarie Group Ltd. now owns 57,800 shares of the oil and gas company’s stock valued at $2,424,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other 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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