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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.


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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)


USL Forecast + Options Trading Strategies   [USL]  United States Commodity Funds LLC - United States 12 Month Oil (0.89)


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


GSG Forecast + Options Trading Strategies   [GSG]  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.88)


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



Uncorrelated Stock Forecasts

Assets with little price relationship to PBF



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


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


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


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


OUST Forecast + Options Trading Strategies   [OUST]  Ouster (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PBF



CMCL Forecast + Options Trading Strategies   [CMCL]  Caledonia Mining (-0.79)


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)





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