PBF Energy's (PBF) subsidiary PBF Holding plans to offer $500 million of senior notes due 2034 in a private placement, the company said Tuesday.
The company said the proceeds, together with cash on hand, will be used to fully redeem its 6.00% senior notes due 2028.
Intesa Sanpaolo on Tuesday increased the price target for British oil and gas company BP (BP.L) to 5.98 pounds sterling from 4.63 pounds, while keeping its neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Danske Bank on Tuesday downgraded oil tanker shipping company Frontline plc (FRO.OL) to hold from buy and lowered its price target to 365 Norwegian kroner from 400 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Occidental Petroleum (OXY) has an average rating of Hold and mean price target of $65.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)