The PBF Energy Inc. (NYSE:PBF) stock price fell 16.19% between December 10 and 17, 2025, placing it between Energy stocks that lost the most this week.
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PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of transportation fuels, heating oil, petrochemical feedstocks, lubricants and other unbranded petroleum products in the United States.
PBF Energy Inc. (NYSE:PBF) suffered a blow on December 8 when Wolfe Research analyst Doug Leggate downgraded the stock from ‘Peer Perform’ to ‘Underperform’, while assigning a $23 price target. The downgrade is due to a tactical underweight in the US refining sector, with the analyst highlighting that declining West Coast margins have removed necessary support for the recent absolute outperformance.
Additionally, the analyst firm expects a series of headwinds for the broader US refining sector, led by lower distillate cracks due to strong European inventories and skewed risk in the event of a peace deal between Ukraine and Russia. A peaceful solution to the ongoing war will allow Moscow to export its oil without the risk of Western sanctions and drive down global crude oil prices even further.
That said, PBF Energy Inc. (NYSE:PBF) received some support on December 12 when Mizuho analyst Nitin Kumar upgraded the stock from ‘Underperform’ to ‘Neutral’, while raising his price target from $31 to $38. The revised price target represents an upside potential of nearly 43% from the current share price, as of this writing.
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