Royal Bank Of Canada Reaffirms “Hold” Rating for PBF Energy Inc. (PBF)
Royal Bank Of Canada restated their hold rating on shares of PBF Energy Inc. (NYSE:PBF) in a research note issued to investors on Wednesday morning. The firm currently has a $28.00 price target on the oil and gas company’s stock.
A number of other brokerages have also weighed in on PBF. Cowen and Company restated a buy rating and set a $30.00 price objective on shares of PBF Energy in a research report on Tuesday. Zacks Investment Research upgraded 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 Saturday, October 14th. Barclays PLC restated an underweight rating and set a $26.00 price objective (up previously from $24.00) on shares of PBF Energy in a research report on Tuesday, October 10th. ValuEngine upgraded PBF Energy from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, Tudor Pickering upgraded PBF Energy from a sell rating to a hold rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. PBF Energy presently has a consensus rating of Hold and an average price target of $25.78.
Shares of PBF Energy (NYSE:PBF) traded up 0.54% during mid-day trading on Wednesday, hitting $27.73. The stock had a trading volume of 1,280,211 shares. The firm’s market cap is $3.04 billion. The stock has a 50 day moving average price of $26.31 and a 200 day moving average price of $22.83. PBF Energy has a 52 week low of $18.48 and a 52 week high of $30.98.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.76 billion. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. During the same quarter in the prior year, the firm earned $0.14 EPS. Equities research analysts expect that PBF Energy will post $1.10 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBF. Nomura Asset Management Co. Ltd. grew its position 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 buying an additional 1,580 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of PBF Energy in the 1st quarter valued at about $113,000. Creative Planning grew its position 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 buying an additional 2,503 shares during the last quarter. Flinton Capital Management LLC bought a new stake in shares of PBF Energy in the 2nd quarter valued at about $119,000. Finally, Huntington National Bank bought a new stake in shares of PBF Energy in the 2nd quarter valued at about $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.
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