PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States... Show more
PBF Energy Inc. is one of the largest independent petroleum refiners in North America. Through its subsidiaries, the company owns and operates refineries in California, Delaware, Louisiana, New Jersey, and Ohio, producing gasoline, diesel, jet fuel, heating oil, lubricants, and petrochemical feedstocks sold to a broad base of customers. PBF also participates in renewable diesel production through its St. Bernard Renewables joint venture.
Investors follow the stock for its direct exposure to refining margins — the spread between crude oil input costs and refined product prices — as well as its cost-improvement initiatives, balance-sheet deleveraging, and capital-return potential. Because profitability hinges heavily on crack spreads, PBF shares tend to move closely with fuel-market fundamentals rather than with the broader equity market.
Over the past 30 days, PBF shares have advanced approximately 14.6%, moving from a close near $72.48 in late September to around $83 in mid-October. The rally carried the stock to a 52-week intraday high of $92.46 on October 14 before a modest pullback tied to a cooling in benchmark refining margins.
The quarterly picture is even stronger. Measured from late July, when shares traded near $66, PBF has gained roughly 26%. The climb was gradual through much of the summer before accelerating sharply in late September and early October, reflecting improving sentiment across the refining industry and a series of upward analyst revisions.
The most important catalyst behind the recent move has been the strength in refining margins. Tight global product inventories, ongoing geopolitical supply disruptions, and firm demand for gasoline, diesel, and jet fuel kept crack spreads elevated, directly supporting PBF's earnings power. Elevated crude prices presented a headwind on feedstock costs, but refined product prices rose sufficiently to preserve profitability.
Analyst actions also reinforced the advance. UBS raised its price target on PBF to $99 from $84 while maintaining a Buy rating, citing stronger refining margins, and lifted its third-quarter earnings-per-share estimate to $11.22. BMO Capital kept a Market Perform rating with an $80 target while raising its third-quarter estimate to $11.99. These revisions, alongside consensus estimates that have climbed throughout the quarter, helped underpin investor confidence ahead of the company's next earnings report.
The quarterly trend reflects a fundamental turnaround in PBF's business. The company's second-quarter results, released in late July, came in well ahead of expectations: adjusted earnings per share of $6.22 exceeded consensus forecasts, while revenue of roughly $11.7 billion rose more than 50% year over year. The quarter marked a swing to net income of about $906 million from a modest loss a year earlier.
Several structural factors supported the multi-month advance. The restart of fire-affected units at the Martinez refinery, completed in the spring, restored full production and boosted West Coast throughput. Cost initiatives delivered a roughly 20% reduction in purchased natural gas on a per-barrel basis, and management identified additional procurement savings. PBF also reduced net debt by more than $1 billion during the quarter and continued to receive insurance recoveries related to the Martinez incident, strengthening its balance sheet and positioning it to benefit from a favorable margin environment.
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The next major catalyst is PBF's third-quarter earnings report, scheduled for late October 2026. Consensus expectations point to another strong quarter, and elevated third-quarter estimates from several analysts suggest the market is pricing in continued margin strength. Investors will closely watch realized crack spreads, throughput levels, and commentary on the outlook for diesel and gasoline demand.
Beyond earnings, key factors include the trajectory of crude oil prices and refining margins, the status of refinery turnaround activity, and any further geopolitical developments that could affect fuel supplies. Management has deferred certain turnarounds into 2027 to preserve operating availability, while renewable diesel economics and RIN credit values remain secondary considerations. Dividend and capital-allocation decisions will also be in focus, given the company's improved balance sheet and cash generation.
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The 10-day RSI Indicator for PBF moved out of overbought territory on October 14, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 instances where the indicator moved out of the overbought zone. In 33 of the 42 cases the stock moved lower in the days that followed. This puts the odds of a move down at 79%.
The Momentum Indicator moved below the 0 level on October 21, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PBF as a result. In 54 of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
The Moving Average Convergence Divergence Histogram (MACD) for PBF turned negative on October 19, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 33 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 70%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PBF declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
PBF broke above its upper Bollinger Band on October 08, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a +8.19% 3-day Advance, the price is estimated to grow further. Considering data from situations where PBF advanced for three days, in 264 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
The Aroon Indicator entered an Uptrend today. In 245 of 315 cases where PBF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 78%.
The Tickeron Profit vs. Risk Rating rating for this company is 28 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 36, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. PBF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 41 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 46 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.509) is normal, around the industry mean (5.093). P/E Ratio (7.048) is within average values for comparable stocks, (13.969). Projected Growth (PEG Ratio) (0.190) is also within normal values, averaging (1.079). Dividend Yield (0.013) settles around the average of (0.055) among similar stocks. P/S Ratio (0.260) is also within normal values, averaging (0.549).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 81 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of petroleum refiners and suppliers
Industry OilRefiningMarketing