At the time of writing, PBF Energy Inc [PBF] stock is trading at $56.65, up 3.58%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PBF shares have gain 13.16% over the last week, with a monthly amount glided 8.44%, and seem to be holding up well over a long-time horizon.
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On 12, 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 Bank Of America Refining Conference on March 14, 2024, and the Piper Sandler Annual Energy Conference on March 18-20, 2024.
From an analyst’s perspective:
PBF Energy Inc [NYSE: PBF] stock has seen the most recent analyst activity on March 15, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $74 from $52. Previously, TD Cowen reaffirmed its Market Perform rating on February 16, 2024, and elevated its price target to $41. On January 24, 2024, Citigroup initiated with a Neutral rating. Mizuho upgraded its rating to a Buy but stick to its price target of $52 on January 03, 2024. BMO Capital Markets initiated its recommendation with a Outperform and recommended $60 as its price target on October 05, 2023. BofA Securities downgraded its rating to Neutral for this stock on August 15, 2023, and upped its price target to $56. In a note dated May 19, 2023, Mizuho downgraded an Neutral rating on this stock and revised its target price from $56 to $41.
For the past year, the stock price of PBF Energy Inc fluctuated between $31.25 and $56.66. 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 $56.65 at the most recent close of the market. An investor can expect a potential drop of -30.49% based on the average PBF price forecast.
Analyzing the PBF fundamentals
According to PBF Energy Inc [NYSE:PBF], the company’s sales were 38.32B for trailing twelve months, which represents an -15.74% plunge. 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 55.44 points at the first support level, and at 54.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.26, and for the 2nd resistance point, it is at 59.86.
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
It is important to note that PBF Energy Inc [NYSE:PBF] has a current ratio of 1.56. In addition, the Quick Ratio stands at 0.81 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 3.45.
Transactions by insiders
Recent insider trading involved O Connor Thomas L, Senior Vice President, that happened on Mar 14 ’24 when 40000.0 shares were sold. Add’l Rep. Persons-see Ex.99-1, Control Empresarial de Capital completed a deal on Jan 24 ’24 to buy 12200.0 shares. Meanwhile, Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital bought 0.5 million shares on Jan 17 ’24.
