In a report issued on May 8, 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 Friday at $10.63.
According to TipRanks.com, Heffern is a 2-star analyst with an average return of 0.3% and a 42.6% success rate. Heffern covers the Utilities sector, focusing on stocks such as Continental Resources, Par Pacific Holdings, and Extraction Oil & Gas.
Currently, the analyst consensus on PBF Energy is a Hold with an average price target of $11.73.
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Based on PBF Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.3 billion and net profit of $53 million. In comparison, last year the company earned revenue of $6.29 billion and had a GAAP net loss of $354 million.
Based on the recent corporate insider activity of 63 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.
