Are PBF Energy Inc (PBF) stocks a prudent buy?

A share price of PBF Energy Inc [PBF] is currently trading at $58.58, up 1.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The PBF shares have gain 4.07% over the last week, with a monthly amount glided 25.44%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

On 18, March 2024, PBF Energy to Release First Quarter 2024 Earnings Results. In a post published today on Yahoo Finance, PBF Energy Inc. (NYSE: PBF) announced today that it will release its earnings results for the first quarter 2024 on Thursday, May 2, 2024. The company will host a conference call and webcast regarding quarterly and annual results and other business matters on Thursday, May 2, 2024, at 8:30 a.m. ET.

From an analyst’s perspective:

PBF Energy Inc [NYSE: PBF] stock has seen the most recent analyst activity on March 22, 2024, when Mizuho downgraded its rating to a Neutral and also boosted its price target to $58 from $53. Previously, BofA Securities upgraded its rating to Buy on March 15, 2024, and elevated its price target to $74. On February 16, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $41 on the stock. Citigroup started tracking the stock assigning a Neutral rating. Mizuho upgraded its rating to a Buy but $52 remained the price target by the analyst firm on January 03, 2024. BMO Capital Markets started tracking with a Outperform rating for this stock on October 05, 2023, and assigned it a price target of $60. In a note dated August 15, 2023, BofA Securities downgraded an Neutral rating on this stock and boosted its target price from $46 to $56.

PBF Energy Inc experienced fluctuations in its stock price throughout the past year between $31.25 and $58.65. Currently, Wall Street analysts expect the stock to reach $41.44 within the next 12 months. PBF Energy Inc [NYSE: PBF] shares were valued at $58.58 at the most recent close of the market. An investor can expect a potential drop of -29.26% based on the average PBF price forecast.

Analyzing the PBF fundamentals

Trailing Twelve Months sales for PBF Energy Inc [NYSE:PBF] were 38.32B which represents -15.74% decline. 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 57.31 points at the first support level, and at 56.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.28, and for the 2nd resistance point, it is at 59.99.

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

To put it in perspective, the Current Ratio for PBF Energy Inc [NYSE:PBF] is 1.56. On the other hand, the Quick Ratio is 0.81, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 3.56.

Transactions by insiders

Recent insider trading involved Davis Paul T, Senior Vice President, that happened on Mar 25 ’24 when 100000.0 shares were sold. Senior Vice President, O Connor Thomas L completed a deal on Mar 25 ’24 to sell 10000.0 shares. Meanwhile, Senior Vice President O Connor Thomas L sold 40000.0 shares on Mar 19 ’24.

Related Posts