Barclays analyst Theresa Chen maintained a Sell rating on PBF Energy (PBF) on December 1 and set a price target of $7.00. The company’s shares closed last Wednesday at $7.89, close to its 52-week low of $4.06.
According to TipRanks.com, Chen is a 3-star analyst with an average return of 6.6% and a 72.5% success rate. Chen covers the Industrial Goods sector, focusing on stocks such as Dcp Midstream Partners, KNOT Offshore Partners, and Holly Energy Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for PBF Energy with a $7.13 average price target.
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Based on PBF Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.67 billion and GAAP net loss of $417 million. In comparison, last year the company earned revenue of $6.43 billion and had a net profit of $69.5 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PBF in relation to earlier this year.
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PBF Energy, Inc. engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products. The Logistics.segment owns, leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets. The company was founded on March 1, 2008 and is headquartered in Parsippany, NJ.
