Bullish Case: PBF's strategic renewable energy focus and recent substantial price appreciation suggest a strong growth trajectory amidst sector transition.


Bearish Case: Fourth quarter losses, underperforming refining margins, and historical price action suggest potential headwinds for future performance.


Potential Outcomes: 70% chance strategic renewable focus drives earnings growth; 20% market headwinds cause mean-reverting dip; 10% external events induce volatility.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 11, 2024


PBF Energy Forecast

PBF        PBF Energy
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PBF



BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (0.9)


CVI Forecast + Options Trading Strategies   [CVI]  CVR Energy (0.89)


USO Forecast + Options Trading Strategies   [USO]  United States Commodity Funds (0.88)


XOP Forecast + Options Trading Strategies   [XOP]  SPDR Oil & Gas Exploration and Production (0.86)


OVV Forecast + Options Trading Strategies   [OVV]  Ovintiv (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to PBF



DVN Forecast + Options Trading Strategies   [DVN]  Devon Energy (0.0)


ANNX Forecast + Options Trading Strategies   [ANNX]  Annexon (-0.0)


DOC Forecast + Options Trading Strategies   [DOC]  Physicians Realty (-0.0)


BDX Forecast + Options Trading Strategies   [BDX]  Becton, Dickinson And Company (0.0)


DOCU Forecast + Options Trading Strategies   [DOCU]  DocuSign (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PBF



ZLAB Forecast + Options Trading Strategies   [ZLAB]  Zai Lab (-0.8)


VRSN Forecast + Options Trading Strategies   [VRSN]  Verisign (-0.82)


XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (-0.86)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.88)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.89)


PBF News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!