According to an update released by analysts at Scotia Howard Weil the broker has now set a ‘Sector Outperform’ rating on shares of PBF Energy Inc (NYSE:PBF) with a price target of 24.
Scotia Howard Weil on Wednesday downgraded PBF Energy Inc’s analyst rating to ‘Sector Outperform’ with its price target of 24 highlighting a potential increase of 18.23% from PBF Energy Inc’s current price of 20.3.
Over the last twelve months PBF Energy Inc’s stock price has decreased from 30.76 to 20.3, a change of -34.01%.
PBF Energy Inc has 97,825,000 shares in issue which have a share price of 20.3 giving PBF Energy Inc a market capitalisation of 1.99B USD.
The company has a 50 day moving average of 21.97 and a 200 day moving average of 25.2. The 52 week high shares of PBF Energy Inc have reached is 41.75 whilst the 52 week low for the company’s shares is 19.47.
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. The Refining segment produces a range of products at each of its refineries, including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt. The Logistics segment includes PBF Logistics LP (PBFX), which engages in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. It sells its products throughout the Northeast, Midwest and Gulf Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations.