PBF Energy

PBF · NYSE

$83.00+$1.74 (+2.14%)TodayMarket closed · Oct 20, 7:53 PM ET

Prev close $81.26

PBF analyst rating

HoldConsensus of 11 analysts over the last 12 months. 18% rate it a buy.

Strong buy0
Buy2
Hold7
Underperform2
Sell0

12-month price target · 14 analysts

Average $72.70 (−12.4% downside)

Low: $55.55
Now: $83.00
High: $88.20

Upgrades and downgrades

The latest rating actions, newest first

PBF analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Oct 9, 2026	Maintains	Neutral	$81.00 → $91.00	62%
Mizuho	Oct 8, 2026	Maintains	Neutral	$65.00 → $89.00	60%
Citigroup	Oct 6, 2026	Maintains	Neutral	$74.00 → $91.00	35%
Morgan Stanley	Sep 14, 2026	Maintains	Underweight	$38.00 → $76.00	55%
Goldman Sachs	Aug 18, 2026	Maintains	Neutral	$71.00 → $81.00	62%
UBS	Aug 4, 2026	Maintains	Buy	$62.00 → $84.00	60%
Mizuho	Aug 4, 2026	Maintains	Neutral	$57.00 → $65.00	60%
Citigroup	Jul 31, 2026	Maintains	Neutral	$65.00 → $74.00	35%
Citigroup	Jul 24, 2026	Maintains	Neutral	$43.00 → $65.00	35%
Goldman Sachs	Jul 23, 2026	Maintains	Neutral	$51.00 → $71.00	62%

The case for and against

Updated Nov 24, 2024

Bull case

PBF Energy Inc. has significantly benefited from the current refining upcycle, with improved operational metrics and the elimination of financial leverage incurred during the COVID-19 pandemic. Key markets, particularly in PADD 1 and 5, have seen structural improvements due to refinery closures, which have tightened product inventories and contributed to increased profitability within PBF’s refining system. Additionally, PBF operates with competitive margins across its regions, poised to capitalize on anticipated global crude oil demand growth that surpasses projected increases in non-OPEC supply.

Bear case

PBF Energy faces a negative outlook primarily due to declining refining capacity, which peaked in 2019 and has continued to decrease over the past three years, adversely affecting its ability to capitalize on market demand. Additionally, the company's recent performance reflects disappointing earnings driven by lower refining margins and utilization rates that have lagged behind peers, particularly attributed to its higher coastal weighting. Furthermore, overall petroleum product demand remains below pre-COVID levels, compounding the company's challenges in generating attractive valuations and capital returns relative to the industry.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.