$ PBF, resistance on 49.10$
PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.
Strong earnings should allow management to continue dividend payments
Cash flows can sufficiently cover interest payments
Prominent player in the Oil, Gas & Consumable Fuels industry
Trading at a low revenue valuation multiple
Mizuho Securities analyst raised the price target on PBF Energy (NYSE:PBF) to $56.00 (from $50.00) while maintaining a Buy rating.
Strong earnings should allow management to continue dividend payments
Cash flows can sufficiently cover interest payments
Prominent player in the Oil, Gas & Consumable Fuels industry
Trading at a low revenue valuation multiple
Mizuho Securities analyst raised the price target on PBF Energy (NYSE:PBF) to $56.00 (from $50.00) while maintaining a Buy rating.
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