PBF Energy Inc. (PBF) grew with the stock adding 0.68% or $0.15 to close at $22.16 on light trading volume of 1.51M compared its three months average trading volume of 2.19M. The Parsippany New Jersey 07054 based company operating under the Oil & Gas Refining & Marketing industry has been trending down for the last 52 weeks, with the shares price now -21.26% down for the period and down by -37.69% so far this year. With price target of $28.92 and a 9.17% rebound from 52-week low, PBF Energy Inc. has plenty of upside potential, making it a hold with a view buy.
PBF Energy Inc., together with its subsidiaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast and Midwest of the United States, as well as in other regions of the United States and Canada. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.
Ares Capital Corporation (ARCC) had a light trading with around 1.21M shares changing hands compared to its three month average trading volume of 2.25M. The stock traded between $16 and $16.11 before closing at the price of $16.11 with 0.69% change on the day. The New York New York 10167 based company is currently trading 38.14% above its 52 week low of $12.31 and 0.56% above its 52 week high of $16.11. Both the RSI indicator and target price of and $16.7 respectively, lead us to believe that it could rise over the coming weeks.
American International Group, Inc. (AIG) saw its value increase by 0.69% as the stock gained $0.41 to finish the day at a closing price of $59.43. The stock was lighter in trading and has fluctuated between $48.41-$64.31 per share for the past year. The shares, which traded within a range of $59.15 to $59.74 during the day, are up by 3.26% in the past three months and up by 15.92% over the past six months. It is currently trading 1.67% above its 20 day moving average and 7.36% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $64.38 a share over the next twelve months. The current relative strength index (RSI) reading is 71.6.The technical indicator do not lead us to believe the stock will see more gains any time soon.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two segments, Commercial Insurance and Consumer Insurance. The companys Commercial Insurance segment offers general liability, commercial automobile liability, workers compensation, excess casualty, and crisis management causality insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance products; aerospace, environmental, political risk, trade credit, surety, and marine insurance products; various insurance products for small and medium sized enterprises; and professional liability insurance products. It also provides mortgage guaranty insurance; stable value wrap products, and structured settlement and terminal funding annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent retail and wholesale brokers, agency network, specialized marketing and consulting firms, and structured settlement brokers. Its Consumer Insurance segment offers retirement products, such as fixed annuities, and immediate and deferred income annuities; variable and fixed index annuities; and mutual funds, and plan administrative and compliance services. This segments products also include term and whole life, cancer, and critical illness insurance products; personal accident and supplemental health products; travel insurance products and services; automobile and homeowners, and extended warranty insurance; and identity theft and credit card protection products. It sells its products through agents, direct marketing, independent marketing organizations, financial advisors, banks, wirehouses, and broker-dealers. The company was founded in 1919 and is based in New York, New York.
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