UBS Keeps Their Buy Rating on PBF Energy (PBF)

In a report released today, Manav Gupta from UBS maintained a Buy rating on PBF Energy, with a price target of $42.00.

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Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, CVR Energy, and Valero Energy. According to TipRanks, Gupta has an average return of 3.6% and a 58.67% success rate on recommended stocks.

Currently, the analyst consensus on PBF Energy is a Moderate Sell with an average price target of $30.91.

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 108 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. Last month, Steven John Andriola, the Controller & CAO of PBF sold 2,579.00 shares for a total of $67,518.22.