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Analysis of Wells Fargo’s Recent Syndication Report on PBF Energy’s Future Prospects.

Analysis of Wells Fargo’s Recent Syndication Report on PBF Energy’s Future Prospects.

PBF Energy, a prominent US oil and gas company listed on the New York Stock Exchange (NYSE:PBF), has recently been syndicated by Wells Fargo & Company in a report that forecasts a potential upside of 26.12% from the current market price. In this document, Wells Fargo & Company analysts have lowered PBF Energy’s target price from $48.00 to $45.00 per share.

PBF Energy released their quarterly earnings report on May 5th, revealing a net margin of 6.98% and a return on equity of 69.19%. The company beat Wall Street’s forecasted EPS ($2.65) by $0.11 with an actual figure of $2.76; overall, the report bore an impressive revenue of $9.30 bn for the quarter over an expected value of $8.39bn.

With such lucrative figures emerging from PBF Energy’s latest earnings report, analysts are optimistic about its future prospects in the industry; however, it had not condoned continuation until new findings accompanied given the COVID-19 crisis.

As we navigate through unprecedented times due to COVID-19 pandemic and volatile global energy market conditions, speculations about PBF Energy’s future performance will undoubtedly remain under close scrutiny by investors who are eagerly awaiting more signs of stability in the energy trading world as well as governmental efforts to contain instability affecting both demand and supply sides. Additionally, security precautions put in place surrounding social distancing rules could hamper long-term profitability for several companies worldwide; therefore need be monitored situationally.

Though there exists no clear-cut approach towards predicting short term changes in stock prices amidst this period of uncertainty and transformations marked by technological disruption – all events within the energy market since late February showcased how unpredictable geopolitical conditions could warp prices rapidly – one thing remains clear: PBF Energy continues to perform well financially despite these headwinds to ameliorate investor confidence going forward.

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Overall, market indicators and company-cited data both suggest that the future prospects of PBF Energy remain bright; however, like all industries worldwide, it must focus on ensuring operational stability in today’s complex and unpredictable environment while innovating to meet evolving market demands and keep abreast of government mandates for cleaner energy production and output.

Price Target

Current $37.17

Concensus $36.43


Low $21.00

Median $36.00

High $50.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
J.P. Morgan Buy
Wells Fargo Buy
Sam Margolin
Wolfe Research
Buy
Morgan Stanley Sell
Theresa Chen
Barclays
Sell

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PBF Energy: A Look at Analyst Ratings and Institutional Investments Amidst Mixed Reviews


PBF Energy: A Brief Overview of Recent Analyst Ratings and Institutional Investments

PBF Energy, Inc. is a leading petroleum refinery that delivers unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. The Refining and Logistics segments operate it. Over the past few months, various equities analysts have commented on PBF’s stock performance and done a review of this Fortune 500 Company.

Recently, Mizuho downgraded PBF Energy from a “buy” rating to “neutral” while decreasing their price objective from $56.00 to $41.00 on Friday, May 19th – causing eyebrows to raise amongst industry experts and investors alike.

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TheStreet upgraded PBF Energy’s earlier “c” rating to a “b-” rating in a report released on Tuesday, May 16th – indicating positive signs for its future prognosis.

Also contributing to the mixed reviews and ratings are data from Bloomberg reflecting that five other investment analysts gave PBF Energy stocks a hold rating while four assigned it with a buy rating. Merely one analyst has rated PBF’s stock as sell or worse at present.

Emphasizing the stock situation further- currently there is an average of a Hold recommendation suggested by these investment analysts while the listed consensus target price rests at $44.58.

Despite undergoing media attention due to mixed recommendations by multiple firms data indicates quite considerable interest by various institutional investors as mentioned previously firms such as Lazard Asset Management LLC bought new stakes in PBF Energy midst third quarter worth around $33,000. Meanwhile touting noticeable growth & vibrant investments been made Ronald Blue Trust Inc lifted its position in PBF energy by staggering percentages during this year exploring bullish options.

With respect to the current financial status associated with it quantifiers like market capitalisation lies around $4.50 billion whereas price-to-earnings ratio remains stagnant at 1.38 along with beta of 1.93.

Comparing profits over the last year itself, PBF Energy encompasses a low operating volume of $24.63 and a high of $49 –indicating an almost double uprise in less than 12 months & amplifying its positive growth story further.

In conclusion, while PBF Energy may weather a mixed set of rating variations it provides ample interesting indicators to interested investors who seek prospective growth options & future profitable returns .

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  • June 4, 2023