Analysts expect PBF Energy Inc (NYSE:PBF) to post earnings per share (EPS) of $0.13 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for PBF Energy’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.75. PBF Energy posted earnings of $1.03 per share during the same quarter last year, which suggests a negative year over year growth rate of 87.4%. The business is expected to issue its next earnings report on Wednesday, May 6th.
On average, analysts expect that PBF Energy will report full year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.61 to $1.07. For the next fiscal year, analysts forecast that the firm will post earnings of $4.60 per share, with EPS estimates ranging from $2.82 to $7.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow PBF Energy.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 13th. The oil and gas company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.10. PBF Energy had a positive return on equity of 4.77% and a negative net margin of 0.36%. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up .1% on a year-over-year basis.
A number of equities analysts recently commented on the company. Raymond James restated an “outperform” rating and set a $39.00 target price (up previously from $34.00) on shares of PBF Energy in a report on Friday, November 1st. Barclays assumed coverage on PBF Energy in a report on Tuesday, January 14th. They set an “overweight” rating and a $38.00 target price for the company. Tudor Pickering upgraded PBF Energy from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, December 2nd. JPMorgan Chase & Co. set a $30.00 price objective on PBF Energy and gave the stock a “sell” rating in a report on Friday, November 1st. Finally, Cowen upgraded PBF Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $42.00 in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.20.
Shares of PBF Energy stock opened at $28.55 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.34 billion, a PE ratio of -36.60, a P/E/G ratio of 0.88 and a beta of 1.66. The business has a 50 day moving average of $29.68 and a 200 day moving average of $28.37. PBF Energy has a 52 week low of $21.09 and a 52 week high of $36.33.
In other PBF Energy news, insider Carso S.A. De C.V. Inversora acquired 73,471 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of $25.83 per share, with a total value of $1,897,755.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders bought 3,616,569 shares of company stock worth $107,875,896. Insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of PBF. Northwest Investment Counselors LLC bought a new position in shares of PBF Energy in the 3rd quarter worth $52,000. CSat Investment Advisory L.P. grew its stake in PBF Energy by 765.1% during the 4th quarter. CSat Investment Advisory L.P. now owns 2,829 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 2,502 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in PBF Energy during the 4th quarter valued at about $160,000. Advisor Group Inc. grew its stake in PBF Energy by 42.1% during the 4th quarter. Advisor Group Inc. now owns 5,906 shares of the oil and gas company’s stock valued at $185,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in PBF Energy by 15.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,757 shares of the oil and gas company’s stock valued at $206,000 after purchasing an additional 902 shares during the last quarter. 80.36% of the stock is currently owned by institutional investors.
About PBF Energy
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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