PBF Energy Inc (NYSE:PBF) has been downgraded to Underweight in a statement by Barclays PLC earlier today.
- Updated: October 10, 2016
Barclays PLC has downgraded PBF Energy Inc (NYSE:PBF) to Underweight in a statement released on 10/10/2016.
On 09/15/2016, Deutsche Bank released a statement on PBF Energy Inc (NYSE:PBF) reduced the target price from $28.00 to $27.00. At the time, this indicated a possible upside of 0.24%.
Having a price of $21.71, PBF Energy Inc (NYSE:PBF) traded -0.83% lower on the day. With the last close down -16.70% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. PBF has recorded a 50-day moving average of $22.38 and a 200-day moving average of $25.85. 760,650 shares of the stock were exchanged, down from an average trading volume of 2,476,570
Recent Performance Chart
PBF Energy Inc has one year low of $20.57 and a one year high of $41.75 and has a total market value of $0.
A total of 13 equity analysts have released a research note on PBF. Five equity analysts rating the company a strong buy, 6 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $35.85.
About PBF Energy Inc (NYSE:PBF)
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.
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