TD Cowen Keeps Their Sell Rating on PBF Energy (PBF)

TD Cowen analyst Jason Gabelman maintained a Sell rating on PBF Energy today and set a price target of $22.00.

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According to TipRanks, Gabelman is a 4-star analyst with an average return of 9.7% and a 61.80% success rate. Gabelman covers the Energy sector, focusing on stocks such as Chevron, BP, and Exxon Mobil.

Currently, the analyst consensus on PBF Energy is a Hold with an average price target of $32.70.

Based on PBF Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.14 billion and a net profit of $78.4 million. In comparison, last year the company earned a revenue of $7.35 billion and had a GAAP net loss of $289.3 million

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBF in relation to earlier this year. Earlier this month, Carso De-C Inmobiliaria, a Major Shareholder at PBF sold 460,400.00 shares for a total of $16,243,932.00.