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RBC Capital Sticks to Their Hold Rating for PBF Energy

Investing.com
·1-min read


RBC Capital analyst Brad Heffern maintained a Hold rating on PBF Energy (NYSE:PBF) on Friday, setting a price target of $9, which is approximately 0.99% below the present share price of $9.09.

Heffern expects PBF Energy to post earnings per share (EPS) of $0.44 for the second quarter of 2020.

The current consensus among 13 TipRanks analysts is for a Hold rating of shares in PBF Energy, with an average price target of $11.55.
The analysts price targets range from a high of $29 to a low of $4.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $6.3 billion and a net profit of $124.1 million. The company's market cap is $1.09 billion.

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According to TipRanks.com, RBC Capital analyst Brad Heffern is a 1-star analyst with an average return of -1.6% and a 41.0% success rate.

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.