PBF Energy downgraded by BMO Capital Markets with a new price target
$PBF
Integrated oil Companies
Energy
BMO Capital Markets downgraded PBF Energy from Outperform to Market Perform and set a new price target of $35.00 from $42.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $32.00 → $27.00 | Hold | TD Cowen |
| 10/17/2024 | $25.00 | Underperform | BofA Securities |
| 10/4/2024 | $42.00 → $35.00 | Outperform → Market Perform | BMO Capital Markets |
| 10/2/2024 | $53.00 → $40.00 | Overweight → Neutral | JP Morgan |
| 9/20/2024 | $47.00 → $25.00 | Neutral → Underweight | Piper Sandler |
| 9/9/2024 | Hold → Sell | Tudor, Pickering, Holt & Co. | |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 5/3/2024 | $54.00 → $45.00 | Hold | TD Cowen |
The U.S. Energy Information Administration (EIA) recently reported annual production of U.S. petroleum coke (petcoke) remained relatively unchanged from 2014 through 2023, averaging 46 million tons, according to U.S. Census Bureau data. Petcoke, which is extracted from petroleum during the refining process, isn't a popular product in the U.S. due to its high carbon content, but it is popular overseas because of its high heat content and low price. Indeed, almost 90% of the petcoke produced in the U.S. in 2023 was exported. Industrial Info is tracking more than $830 million worth of active and proposed projects for petroleum-coking units across the U.S., the bulk of which are for unit upgr
PARSIPPANY, N.J., Nov. 18, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the TD Cowen Energy Conference on November 19, 2024. Any company presentation materials will be made available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com. About PBF Energy Inc.PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Ou
Third quarter loss from operations of $386.3 million (excluding special items, third quarter loss from operations of $231.5 million)Announces 10% increase to quarterly dividend to $0.275 per shareThird quarter 2024 share repurchases of approximately 2.0 million shares for approximately $75 millionPARSIPPANY, N.J., Oct. 31, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2024 loss from operations of $386.3 million as compared to income from operations of $1,077.1 million for the third quarter of 2023. Excluding special items, third quarter 2024 loss from operations was $231.5 million as compared to income from operations of $1,145.6 million for the third quarter o
10-Q - PBF Energy Inc. (0001534504) (Filer)
10-Q - PBF Energy Inc. (0001534504) (Filer)
11-K - PBF Energy Inc. (0001534504) (Filer)
SC 13D/A - PBF Energy Inc. (0001534504) (Subject)
SC 13D/A - PBF Energy Inc. (0001534504) (Subject)
SC 13G - PBF Energy Inc. (0001534504) (Subject)
TD Cowen reiterated coverage of PBF Energy with a rating of Hold and set a new price target of $27.00 from $32.00 previously
BofA Securities resumed coverage of PBF Energy with a rating of Underperform and set a new price target of $25.00
BMO Capital Markets downgraded PBF Energy from Outperform to Market Perform and set a new price target of $35.00 from $42.00 previously
4 - PBF Energy Inc. (0001534504) (Issuer)
4 - PBF Energy Inc. (0001534504) (Issuer)
4 - PBF Energy Inc. (0001534504) (Issuer)
4 - PBF Energy Inc. (0001534504) (Issuer)
4 - PBF Energy Inc. (0001534504) (Issuer)
4 - PBF Energy Inc. (0001534504) (Issuer)
Throughout the last three months, 7 analysts have evaluated PBF Energy (NYSE:PBF), offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 5 0 0 Last 30D 0 0 0 0 0 1M Ago 0 1 3 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $52.71, a high estimate of $66.00, and a low estimate of $45.00. This current average represents a 10
Wolfe Research analyst Doug Leggate reinstates PBF Energy (NYSE:PBF) with a Peer Perform.
Scotiabank analyst Paul Cheng maintains PBF Energy (NYSE:PBF) with a Sector Perform and lowers the price target from $56 to $45.
NYSE American: UEC CORPUS CHRISTI, Texas, March 20, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE:UEC) (the "Company" or "UEC") is pleased to announce the appointment of Trecia Canty to the Company's Board of Directors. Trecia Canty has over 25 years of experience in finance, strategic transactions, corporate governance, compliance, enterprise risk and ESG and has extensive energy industry experience, including exploration and production, public utilities, pipelines and related businesses in the United States and Canada. Ms. Canty is presently the Senior Vice President, General Counsel and Corporate Secretary and a member of the Executive Committee of PBF Energy Inc. (NYSE:PBF), a Fortune 2
PARSIPPANY, N.J., March 14, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced that Georganne Hodges and Damian W. Wilmot have been appointed as independent directors effective as of March 15, 2023. Thomas J. Nimbley, Chairman of the Board and Chief Executive Officer, commented, "We are very pleased to have Georganne and Damian join the Board of Directors of PBF Energy. Georganne has over 30 years of energy industry and financial expertise, and Damian has led cross-functional teams across a variety of disciplines, including regulatory, risk management and compliance. Th
PARSIPPANY, N.J., Dec. 21, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced that Lawrence M. Ziemba has been elected as an independent director effective January 1, 2023. Thomas J. Nimbley, Chairman of the Board and Chief Executive Officer, commented, "We are very pleased to have Larry join the Board of Directors of PBF Energy. Having served on the board of our logistics subsidiary, Larry has deep knowledge of PBF's operations and, with his extensive industry experience, will be a valuable contributor to the Board." From December 2019 to December 2022, Mr. Ziemba se
Third quarter loss from operations of $386.3 million (excluding special items, third quarter loss from operations of $231.5 million)Announces 10% increase to quarterly dividend to $0.275 per shareThird quarter 2024 share repurchases of approximately 2.0 million shares for approximately $75 millionPARSIPPANY, N.J., Oct. 31, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2024 loss from operations of $386.3 million as compared to income from operations of $1,077.1 million for the third quarter of 2023. Excluding special items, third quarter 2024 loss from operations was $231.5 million as compared to income from operations of $1,145.6 million for the third quarter o
PARSIPPANY, N.J., Sept. 3, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2024 on Thursday, October 31, 2024. The company will host a conference call and webcast regarding results and other business matters on Thursday, October 31, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed on PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF3Q24. The audio replay will be available approximately t
Second quarter loss from operations of $74.6 million (excluding special items, second quarter loss from operations of $72.5 million)Announces quarterly dividend of $0.25 per shareSecond quarter 2024 share repurchases of approximately 2.0 million shares for approximately $100 millionPARSIPPANY, N.J., Aug. 1, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported second quarter 2024 loss from operations of $74.6 million as compared to income from operations of $1,389.2 million for the second quarter of 2023. Excluding special items, second quarter 2024 loss from operations was $72.5 million as compared to income from operations of $403.7 million for the second quarter of 2023.