The share price of PBF Energy Inc. rose 14.8% between January 7 and January 14, 2026. This placed it among the week's top gaining energy stocks.
On January 14, Citi increased its price target for PBF Energy from $29 to $36. The firm maintained a 'Neutral' rating on the shares. The new target suggests an 11% potential upside from the current price. Citi stated the revision followed an update to its model using the latest commodity prices as part of its fourth-quarter preview.
Two days earlier, on January 12, Piper Sandler also raised its price target for PBF Energy. It kept an 'Overweight' rating on the stock. The analyst said the US refining sector could see significant near-term impact from US actions in Venezuela. Gulf Coast refineries are noted as being capable of processing the sour crude from that country.
Piper Sandler's analysis pointed to potential for crude flow from Venezuela to the US to rise. It could increase from 200,000 barrels per day to over 400,000 barrels per day. This potential increase is linked to US involvement and sanctions relief.
PBF Energy, one of the largest independent petroleum refiners in the US, was recently listed among high-yield crude oil stocks to consider following recent events in Venezuela.