Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate PBF Energy Inc before investing.

In this article, we go over a few key elements for understanding PBF Energy Inc’s stock price such as:

• PBF Energy Inc’s current stock price and volume
• Why PBF Energy Inc’s stock price changed recently
• Upgrades and downgrades for PBF from analysts
• PBF’s stock price momentum as measured by its relative strength

About PBF Energy Inc (PBF)

Before we jump into PBF Energy Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

PBF Energy Inc. is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company sells its products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States, Canada and Mexico and are able to ship products to other international destinations. The Company operates through two business segments: Refining and Logistics. Its Refining segment includes the operations of its six refineries, which produces unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its Logistics segment includes PBF Logistics LP (PBFX), a partnership, formed to own or lease, operate, develop and acquire crude oil and refined products terminals, pipelines, storage facilities and similar logistics assets.

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PBF Energy Inc’s Stock Price as of Market Close

As of February 16, 2024, 4:00 PM, CST, PBF Energy Inc’s stock price was $48.16.

PBF Energy Inc is down 5.68% from its previous closing price of $51.06.

During the last market session, PBF Energy Inc’s stock traded between $49.40 and $52.05. Currently, there are 122.00 million shares of PBF Energy Inc stock available for purchase.

PBF Energy Inc’s price-earnings (P/E) ratio is currently at 2.4, which is low compared to the Oil & Gas - Refining and Marketing industry median of 11.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

PBF Energy Inc Stock Price History

PBF Energy Inc’s (PBF) price is currently down 4.65% so far this month.

During the month of February, PBF Energy Inc’s stock price has reached a high of $54.52 and a low of $47.87.

Over the last year, PBF Energy Inc has hit prices as high as $56.38 and as low as $31.26. Year to date, PBF Energy Inc’s stock is up 18.1%.

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What Caused PBF Energy Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 15, 2024, there was 1 analyst who downgraded PBF Energy Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate PBF Energy Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on PBF Energy Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

PBF Energy Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about PBF Energy Inc (PBF) by visiting AAII Stock Evaluator.

Relative Price Strength of PBF Energy Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 15, 2024, PBF Energy Inc has a weighted four-quarter relative price strength of 0.45%, which translates to a Momentum Score of 71 and is considered to be Strong.

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PBF Energy Inc Stock Price: Bottom Line

As of February 16, 2024, PBF Energy Inc’s stock price is $48.16, which is down 5.68% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like PBF Energy Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.