Following Goldman Sachs, Vetr Upgrades PBF To Strong Buy

The Vetr crowd on Thursday downgraded their rating for PBF Energy Inc PBF from 4 stars (Buy), issued 8 days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was mostly positive, with 80 percent of Vetr user ratings bullish.

2017 might be looking up for PBF after a rocky start that saw shares drop by more than 25 percent. The oil industry as a whole has been struggling with the low price of the commodity, and PBF in February had a shaky showing in its Q4 earnings report, missing EPS estimate by 82 percent. Shortly after, there was an explosion at a California PBF refinery, although no personnel were injured.

However, while shares are still near an all-time low of around $20.45, PBF has received some positive ratings attention. A day before the Vetr upgrade, analysts with Goldman Sachs upgraded PBF from Sell to Neutral.

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Currently, the Vetr crowd's average target price for PBF is up at $24.38, which is above the average analyst target price of $22.80. Less than 2 percent of Vetr users are holding PBF in their watch lists.