Morgan Stanley set a $54.00 price objective on PBF Energy (NYSE:PBF) in a research note issued to investors on Friday morning. The firm currently has a sell rating on the oil and gas company’s stock.

A number of other equities analysts have also issued reports on PBF. ValuEngine lowered PBF Energy from a strong-buy rating to a buy rating in a report on Monday, July 2nd. Macquarie raised PBF Energy from a neutral rating to an outperform rating in a report on Monday, July 9th. Mizuho initiated coverage on PBF Energy in a report on Wednesday, August 1st. They set a buy rating and a $55.00 price target on the stock. Royal Bank of Canada reissued a hold rating and set a $46.00 price target on shares of PBF Energy in a report on Friday, August 3rd. Finally, Wells Fargo & Co lowered their price target on PBF Energy from $63.00 to $59.00 and set an outperform rating on the stock in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $45.58.

Shares of PBF traded up $0.80 during midday trading on Friday, reaching $50.73. 1,191,234 shares of the stock were exchanged, compared to its average volume of 2,058,418. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.66. PBF Energy has a twelve month low of $26.88 and a twelve month high of $53.91. The stock has a market capitalization of $5.68 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.47.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, August 2nd. The oil and gas company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.03. PBF Energy had a return on equity of 9.82% and a net margin of 3.40%. The business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The business’s revenue was up 48.4% compared to the same quarter last year. On average, equities research analysts forecast that PBF Energy will post 2.73 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in PBF. Smithfield Trust Co. purchased a new stake in PBF Energy in the 2nd quarter valued at approximately $121,000. Itau Unibanco Holding S.A. purchased a new stake in PBF Energy in the 2nd quarter valued at approximately $132,000. Point72 Hong Kong Ltd purchased a new stake in PBF Energy in the 2nd quarter valued at approximately $145,000. Cerebellum GP LLC purchased a new stake in PBF Energy in the 2nd quarter valued at approximately $175,000. Finally, Sun Life Financial INC purchased a new stake in PBF Energy in the 2nd quarter valued at approximately $200,000. 93.38% of the stock is currently owned by institutional investors.

PBF Energy Company Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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Analyst Recommendations for PBF Energy (NYSE:PBF)

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