In a report issued on October 13, Brad Heffern from RBC Capital maintained a Hold rating on PBF Energy (PBF), with a price target of $8.00. The company’s shares closed last Wednesday at $5.68, close to its 52-week low of $5.19.
According to TipRanks.com, Heffern has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.7% and a 36.8% success rate. Heffern covers the Utilities sector, focusing on stocks such as Continental Resources, Par Pacific Holdings, and Marathon Petroleum.
Currently, the analyst consensus on PBF Energy is a Hold with an average price target of $8.56, representing a 49.4% upside. In a report issued on September 30, Wells Fargo also downgraded the stock to Hold with a $6.50 price target.
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The company has a one-year high of $34.91 and a one-year low of $5.19. Currently, PBF Energy has an average volume of 4.93M.
Based on the recent corporate insider activity of 59 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.
