Analysts have raised their price targets for PBF Energy, citing tightness in global distillate markets and improved earnings outlooks, though caution remains regarding sector valuation and margin sustainability, resulting in a consensus target increase from $22.75 to $23.83.
Analyst Commentary
- Bullish analysts cite persistent distillate tightness and a global products market that remains relatively tight, providing support for margins into 2026 and possibly beyond.
- Multiple upward price target revisions are attributed to positive earnings revisions, ongoing supply/demand imbalances in refined products, and strengthened distillate markets.
- Caution continues regarding elevated sector valuations and the potential for a pullback, with downside risks tied to possible declines in crack spreads and sector reversion.
- Some bearish analysts have downgraded the stock, reflecting concerns about refining margin sustainability and the potential for negative volatility heading into late 2025 and 2026.
- Several updates are part of broader sector-wide re-evaluations in refining, indicating that both macro factors and industry positioning drive shifts in sentiment and price targets.
What's in the News
- Joseph Marino promoted to CFO effective October 1, 2025; Karen B. Davis to retire as CFO and rejoin Board of Directors.
- Issued Q3 2025 production guidance: East Coast 320,000–340,000 bpd; Mid-continent 150,000–160,000 bpd; Gulf Coast 175,000–185,000 bpd; West Coast 220,000–230,000 bpd.
- Completed repurchase of 24,113,897 shares (19.61%) for $1,017.67 million under buyback announced in 2022.
- Dropped from Russell 2000 Defensive Index.
- Dropped from Russell 2000 Value-Defensive Index.
Valuation Changes
Summary of Valuation Changes for PBF Energy
- The Consensus Analyst Price Target has risen slightly from $22.75 to $23.83.
- The Consensus Revenue Growth forecasts for PBF Energy has significantly risen from 3.4% per annum to 4.8% per annum.
- The Discount Rate for PBF Energy has significantly fallen from 8.32% to 7.04%.
Disclaimer
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