PBF Energy Inc. shares fell by 5.02% as the stock crossed below the 20-day SMA, reflecting a notable decline in price despite broader market gains.
This decline occurs amid a backdrop of positive market sentiment, with the Nasdaq-100 up 0.89% and the S&P 500 up 0.62%. The stock's movement suggests sector rotation as investors reassess their positions in the energy sector, particularly in light of ongoing developments in the oil market.
The company's recent updates regarding the Martinez refinery's reconstruction, expected to be completed by March 2026, indicate a commitment to recovery and operational efficiency. However, the stock's current performance highlights the challenges faced in the energy sector amidst fluctuating market conditions.
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
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.
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
Piper Sandler
Underweight -> Overweight
upgrade
$42 -> $40
2026-01-08
Reason
Piper Sandler
Price Target
$42 -> $40
AI Analysis
2026-01-08
upgrade
Underweight -> Overweight
Reason
Piper Sandler upgraded PBF Energy to Overweight from Underweight with a price target of $40, down from $42.
Piper Sandler
Piper
Underweight -> Overweight
upgrade
$42 -> $40
2026-01-08
Reason
Piper Sandler
Piper
Price Target
$42 -> $40
2026-01-08
upgrade
Underweight -> Overweight
Reason
As previously reported, Piper Sandler double upgraded PBF Energy to Overweight from Underweight with a price target of $40, down from $42. The firm expects West Coast balances to tighten materially in 2026. Despite the delay at Martinez, PBF remains amongst the most levered to PADD 5. While organic free cash flow generation trails peers, insurance proceeds will provide needed balance sheet support, offering the potential for shareholder returns should margins show upside, Piper adds. At about 4-times EV/EBITDA, valuation remains inexpensive, and it is the only U.S. refiner trading well below its recent highs.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for PBF
Unlock Now
Mizuho
Nitin Kumar
Underperform -> Neutral
upgrade
$31 -> $38
2025-12-12
Reason
Mizuho
Nitin Kumar
Price Target
$31 -> $38
2025-12-12
upgrade
Underperform -> Neutral
Reason
Mizuho analyst Nitin Kumar upgraded PBF Energy to Neutral from Underperform with a price target of $38, up from $31. The firm expects West Coast product balances to become tighter in 2026 and remain in deficit until 2029. PBF is the most exposed now that the Martinez refinery restart is imminent, the analyst tells investors in a research note. Mizuho sees an opportunity for the shares to re-rate in line with peers.
Wolfe Research
Doug Leggate
Peer Perform -> Underperform
downgrade
$23
2025-12-08
Reason
Wolfe Research
Doug Leggate
Price Target
$23
2025-12-08
downgrade
Peer Perform -> Underperform
Reason
Wolfe Research analyst Doug Leggate downgraded PBF Energy to Underperform from Peer Perform with a $23 price target.
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.
