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PBF Energy (PBF) Surges: Stock Moves 8.7% Higher

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Zacks Equity Research
·2 min read
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PBF Energy Inc. PBF was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company — as the stock is down 58.1% in the past one-month time frame.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

PBF Energy currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

PBF Energy Inc. Price

PBF Energy Inc. Price
PBF Energy Inc. Price

PBF Energy Inc. price | PBF Energy Inc. Quote


Investors interested in the Oils-Energy sector may consider a better-ranked stock like Noble Corporation NE, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Noble Corporation (NE) : Free Stock Analysis Report
 
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Zacks Investment Research