PBF Energy (PBF) Gets a Sell from Piper Sandler

Piper Sandler analyst Ryan Todd maintained a Sell rating on PBF Energy today and set a price target of $42.00.

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According to TipRanks, Todd is a 5-star analyst with an average return of 8.3% and a 57.46% success rate. Todd covers the Energy sector, focusing on stocks such as Shell, TotalEnergies, and Valero Energy.

In addition to Piper Sandler, PBF Energy also received a Sell from TD Cowen’s Jason Gabelman in a report issued on October 31. However, on November 11, TR | OpenAI – 4o reiterated a Hold rating on PBF Energy (NYSE: PBF).

Based on PBF Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.65 billion and a net profit of $170.1 million. In comparison, last year the company earned a revenue of $8.38 billion and had a GAAP net loss of $285.9 million

Based on the recent corporate insider activity of 114 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, Thomas Connor, the SVP of PBF sold 75,997.00 shares for a total of $3,081,130.00.