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Stock impact report

PBF Energy: Iran Tailwind Factored In [Seeking Alpha]

PBF Energy Inc. Class A (PBF) 
Last pbf energy inc. class a earnings: 2/13 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.pbfenergy.com
Company Research Source: Seeking Alpha
Current crack spreads above $40, far exceeding the $25 norm, are generating substantial windfall profits but are viewed as temporary. PBF's balance sheet repair accelerates with crisis-driven free cash flow, but buybacks are unlikely until net debt is reduced below 20% of capital. Valuation appears full at 7x free cash flow; upside is limited unless the Strait of Hormuz disruption persists much longer. Justin Paget/DigitalVision via Getty Images Shares of PBF Energy Inc. ( PBF ) have been a strong performer over the past year, more than doubling in value. The company has benefited from a much better refining environment after a weak period in This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from See Show less Read more
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