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PBF Energy resumes Martinez refinery operations; stock up 164% amid Iran conflict boosting oil prices

Analyst Insights
31 Mar 2026
Seeking Alpha
View Source
Bullish
pluang ai news

PBF Energy has restarted its Martinez refinery operations as of March, which is expected to boost its revenue in 2026. The ongoing conflict involving Iran has driven up oil prices and crack spread contracts, benefiting the company. Over the past year, PBF Energy's stock price has surged by 164%, and the outlook remains positive with a revised rating from Hold to short-term Buy, albeit with higher risk. These developments suggest potential continued gains for investors in the near term.

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