Market Overview

Why PBF Energy's Stock Is Trading Lower Today

Share:
Why PBF Energy's Stock Is Trading Lower Today

PBF Energy Inc (NYSE: PBF) shares are trading lower on Wednesday after Goldman Sachs downgraded the company's stock from Neutral to Sell and lowered its price target from $12 to $10.

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the U.S.

The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil.

PBF Energy shares down 11.93% at $10.63 at the time of publication Wednesday. The stock has a 52-week range between $34.91 and $5.19.

Related Links:

Baker Hughes To Sell Lufkin Rod Lift Unit To KPS Capital

Oil Analyst Expects US, Canada To Help Balance Market, Dampen Prices

Latest Ratings for PBF

DateFirmActionFromTo
Jul 2020Morgan StanleyMaintainsEqual-Weight
Jun 2020Goldman SachsDowngradesNeutralSell
May 2020JP MorganMaintainsUnderweight

View More Analyst Ratings for PBF
View the Latest Analyst Ratings

 

Related Articles (PBF)

View Comments and Join the Discussion!

Posted-In: why it's movingAnalyst Color News Downgrades Price Target Analyst Ratings Movers Trading Ideas

Latest Ratings

StockFirmActionPT
TYGB of A SecuritiesUpgrades
ZIONB of A SecuritiesMaintains39.0
RFB of A SecuritiesMaintains13.0
PNCB of A SecuritiesMaintains123.0
HBANB of A SecuritiesMaintains11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com