PBF Energy Inc [PBF] stock is trading at $50.07, up 0.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PBF shares have gain 4.16% over the last week, with a monthly amount drifted -5.30%, and not seem to be holding up well over a long-time horizon.
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On 1, March 2024, PBF Energy to Participate in Industry Conferences. In a post published today on Yahoo Finance, PBF Energy Inc. (NYSE: PBF) today announced that members of its management team will participate in the Raymond James Institutional Investor Conference on March 4-6, 2024, and the Morgan Stanely Energy & Power Conference on March 7, 2024.
From an analyst’s perspective:
PBF Energy Inc [NYSE: PBF] stock has seen the most recent analyst activity on February 16, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $41 from $35. On January 03, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $52 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $60 on October 05, 2023. BofA Securities downgraded its rating to a Neutral and raised its price target to $56 on August 15, 2023. Mizuho downgraded its rating to Neutral for this stock on May 19, 2023, and downed its price target to $41. In a note dated March 09, 2023, UBS initiated an Neutral rating and provided a target price of $53 on this stock.
PBF Energy Inc [PBF] stock has fluctuated between $31.25 and $56.38 over the past year. Currently, Wall Street analysts expect the stock to reach $39.38 within the next 12 months. PBF Energy Inc [NYSE: PBF] shares were valued at $50.07 at the most recent close of the market. An investor can expect a potential drop of -21.35% based on the average PBF price forecast.
Analyzing the PBF fundamentals
PBF Energy Inc [NYSE:PBF] reported sales of 38.32B for the trailing twelve months, which represents a drop of -15.74%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.35 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.43 points at the first support level, and at 48.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.42, and for the 2nd resistance point, it is at 50.76.
PBF Energy Inc [PBF] reported earnings per share of -$0.41 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of -$0.47 and a surprise factor of -783.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $6.61 per share as compared to estimates of $4.84 per share, a difference of $1.77 representing a surprise of 36.60%.
Ratios To Look Out For
For context, PBF Energy Inc’s Current Ratio is 1.56. Further, the Quick Ratio stands at 0.81, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 3.05.
Transactions by insiders
Recent insider trading involved Control Empresarial de Capital, Add’l Rep. Persons-see Ex.99-1, that happened on Jan 24 ’24 when 12200.0 shares were purchased. Add’l Rep. Persons-see Ex.99-1, Control Empresarial de Capital completed a deal on Jan 17 ’24 to buy 0.5 million shares. Meanwhile, Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital bought 0.77 million shares on Jan 16 ’24.
