The stock of PBF Energy Inc (NYSE:PBF) hit a new 52-week low and has $18.91 target or 6.00% below today’s $20.12 share price. The 5 months bearish chart indicates high risk for the $2.01 billion company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $18.91 price target is reached, the company will be worth $120.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.91M shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 36.67% since March 10, 2016 and is downtrending. It has underperformed by 44.19% the S&P500.
Analysts await PBF Energy Inc (NYSE:PBF) to report earnings on November, 3. They expect $0.61 EPS, down 67.03% or $1.24 from last year’s $1.85 per share. PBF’s profit will be $60.94 million for 8.25 P/E if the $0.61 EPS becomes a reality. After $0.14 actual EPS reported by PBF Energy Inc for the previous quarter, Wall Street now forecasts 335.71% EPS growth.
PBF Energy Inc (NYSE:PBF) Ratings Coverage
Out of 9 analysts covering PBF Energy Inc (NYSE:PBF), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. PBF Energy Inc has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the shares of PBF in a report on Monday, November 23 to “Buy” rating. Morgan Stanley upgraded PBF Energy Inc (NYSE:PBF) on Friday, January 15 to “Overweight” rating. The rating was downgraded by Barclays Capital to “Underweight” on Monday, October 10. The rating was maintained by Credit Suisse with “Outperform” on Monday, April 25. On Friday, July 24 the stock rating was initiated by Macquarie Research with “Outperform”. On Friday, September 9 the stock rating was downgraded by Goldman Sachs to “Sell”. Deutsche Bank maintained it with “Hold” rating and $27 target price in Thursday, September 15 report. The stock of PBF Energy Inc (NYSE:PBF) earned “Neutral” rating by Goldman Sachs on Friday, September 25. The stock has “Buy” rating given by Citigroup on Wednesday, October 21. The stock of PBF Energy Inc (NYSE:PBF) earned “Overweight” rating by Morgan Stanley on Monday, January 18.
According to Zacks Investment Research, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey.”
Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.18, from 0.94 in 2016Q1. The ratio improved, as 43 funds sold all PBF Energy Inc shares owned while 69 reduced positions. 34 funds bought stakes while 91 increased positions. They now own 96.84 million shares or 4.39% more from 92.77 million shares in 2016Q1.
Blb&B Advisors Limited Com, a Pennsylvania-based fund reported 11,218 shares. Kcg Incorporated has invested 0.01% of its portfolio in PBF Energy Inc (NYSE:PBF). Proshare Advsrs Ltd Liability, a Maryland-based fund reported 9,514 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0% in PBF Energy Inc (NYSE:PBF). Old Bank In reported 17,117 shares or 0.02% of all its holdings. River Road Asset Management Ltd Co has 0.27% invested in the company for 528,625 shares. Suntrust Banks holds 0% of its portfolio in PBF Energy Inc (NYSE:PBF) for 14,139 shares. Bb&T Ltd Com has 0.02% invested in the company for 44,183 shares. Baupost Grp Inc Llc Ma accumulated 10.64 million shares or 3.43% of the stock. Blackrock Group Limited holds 0% of its portfolio in PBF Energy Inc (NYSE:PBF) for 87,064 shares. Towle And holds 3.36% or 763,405 shares in its portfolio. Moreover, Camarda Fin Advsrs Limited Liability has 0.01% invested in PBF Energy Inc (NYSE:PBF) for 500 shares. Key Group (Cayman) Ltd accumulated 2.06M shares or 4.27% of the stock. James Incorporated owns 14,540 shares or 0.01% of their US portfolio. Old Mutual Invsts (Uk) holds 3,616 shares or 0% of its portfolio.
More news for PBF Energy Inc (NYSE:PBF) were recently published by: Zacks.com, which released: “Should You Get Rid of PBF Energy (PBF) Now?” on October 13, 2016. Prnewswire.com‘s article titled: “PBF Energy to Release Third Quarter 2016 Earnings Results” and published on September 21, 2016 is yet another important article.
PBF Company Profile
PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Firm 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 Firm operates through two divisions: Refining and Logistics. 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. The Company’s refineries have a combined processing capacity, known as throughput, of approximately 730,000 barrels per day (bpd) and a weighted-average Nelson Complexity Index of approximately 11.7.
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