Why PBF Energy Inc. (PBF) Stock Surged So High This Week

PBF Energy Inc. (NYSE:PBF) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th.

Aerial view of an oil refinery, with smoke billowing from its chimneys.

PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.

PBF Energy Inc. (NYSE:PBF) continued to surge this week after it was upgraded by UBS from ‘Neutral’ to ‘Buy’. The brokerage firm also raised the stock’s price target from $20 to $26, citing a strong improvement in refining fundamentals and a strong rebound in refining cracks. It must be noted that PBF managed to beat both earnings and revenue estimates in its Q1 2025 results reported earlier this month, despite posting an overall net loss.

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Disclosure: None.