PBF Energy (NYSE:PBF)‘s stock had its “buy” rating reaffirmed by equities research analysts at Scotiabank in a research note issued to investors on Thursday, December 21st. They presently have a $40.00 price objective on the oil and gas company’s stock. Scotiabank’s target price would indicate a potential upside of 13.90% from the company’s previous close.
A number of other equities research analysts have also commented on PBF. Macquarie restated a “neutral” rating on shares of PBF Energy in a research report on Monday, October 23rd. Tudor Pickering upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen restated a “buy” rating and set a $30.00 price target on shares of PBF Energy in a research report on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating and set a $28.00 price target on shares of PBF Energy in a research report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $31.00.
PBF Energy (NYSE:PBF) traded up $0.21 during trading on Thursday, reaching $35.12. The company’s stock had a trading volume of 1,716,300 shares, compared to its average volume of 1,723,977. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a market cap of $3,841.36, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.45. PBF Energy has a 12-month low of $18.48 and a 12-month high of $37.01.
PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company posted ($0.16) EPS. The company’s revenue was up 21.4% compared to the same quarter last year. sell-side analysts expect that PBF Energy will post 1.57 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in PBF Energy by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock worth $264,551,000 after buying an additional 953,577 shares during the period. Dimensional Fund Advisors LP raised its stake in PBF Energy by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,230,934 shares of the oil and gas company’s stock worth $205,480,000 after buying an additional 635,728 shares during the period. BlackRock Inc. raised its stake in PBF Energy by 94.0% during the 2nd quarter. BlackRock Inc. now owns 9,111,987 shares of the oil and gas company’s stock worth $202,832,000 after buying an additional 4,415,117 shares during the period. State Street Corp raised its stake in PBF Energy by 48.0% during the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock worth $110,639,000 after buying an additional 1,611,707 shares during the period. Finally, LSV Asset Management raised its stake in PBF Energy by 6.1% during the 2nd quarter. LSV Asset Management now owns 2,671,984 shares of the oil and gas company’s stock worth $59,478,000 after buying an additional 153,600 shares during the period.
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PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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