Analyst recommendations for PBF
In this series, we have examined PBF Energy’s (PBF) 4Q15 estimates, stock performance, and recent moves ahead of its earnings release expected on February 11, 2016. In this part, we will examine the recommendations of analysts covering the stock.
The above table shows that seven of the ten firms have rated PBF as “buy,” “overweight,” or “outperform.” The highest 12-month price target for PBF stands at $49, indicating a 41% gain from current levels. Two firms have rated PBF Energy as “hold.” The average 12-month price target for PBF stands at $46, indicating a 32% gain from current levels. Only one firm has given a “sell” rating to PBF. But still the lowest 12-month price target for PBF stands at $40, indicating a 15% gain from current levels.
The highest price target for PBF Energy came from three different firms: Morgan Stanley, Macquarie, and Tudor, Pickering, Holt & Co. The lowest price target came from Credit Suisse.
Besides the highest price target setters, firms like Goldman Sachs and Scotia Howard Weil have given price targets equal to or above $45 per share for PBF. Firms like Barclays and Raymond James have given “equal weight” or “market perform” recommendations for the stock. On the other hand, Simmons & Company International have given “underweight” recommendations for the stock.
Analyst ratings for PBF’s peers
PBF Energy’s peers Western Refining (WNR), HollyFrontier (HFC), and Delek US Holdings (DK) have been rated as “buy” by 50%, 42%, and 73% of analysts surveyed, respectively. If you’re looking for exposure to refining sector stocks, you can consider the iShares US Oil & Gas Exploration & Production ETF (IEO). The ETF has ~30% exposure to oil and gas refining and marketing sector stocks.