PBF Energy Inc. rises 5.01% amid market decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Source: NASDAQ.COM
PBF Energy Inc. saw a price increase of 5.01%, reaching a 5-day high. This movement occurs in the context of a broader market decline, with the Nasdaq-100 down 0.43% and the S&P 500 down 0.13%.
The stock's rise is attributed to sector rotation, as investors are shifting their focus towards energy stocks despite the overall market weakness. This indicates a potential shift in investor sentiment towards sectors that may perform better in the current economic climate.
As PBF Energy Inc. continues to gain traction, it may signal a growing confidence in the energy sector, suggesting that investors are looking for opportunities in areas that could benefit from changing market dynamics.
Analyst Views on PBF
Wall Street analysts forecast PBF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBF is 32.22 USD with a low forecast of 23.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
5 Hold
2 Sell
Hold
Current: 33.260
Low
23.00
Averages
32.22
High
42.00
Current: 33.260
Low
23.00
Averages
32.22
High
42.00
About PBF
PBF Energy Inc. is an independent refiner in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. The Company operates as a refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products. It operates through two segments: Refining and Logistics. The Refining segment includes the operations of its oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey, Toledo, Ohio, Chalmette, Louisiana, Torrance, California and Martinez, California. The Logistics segment includes the operations of PBF Logistics LP, an indirect wholly owned subsidiary of PBF Energy and PBF LLC, which owns or leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
