Press coverage about PBF Energy (NYSE:PBF) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PBF Energy earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.1312459035343 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Shares of PBF stock traded down $0.50 during trading hours on Friday, reaching $34.93. 1,891,675 shares of the stock were exchanged, compared to its average volume of 1,987,448. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.57. PBF Energy has a 12-month low of $18.48 and a 12-month high of $37.01. The firm has a market capitalization of $3,921.11, a price-to-earnings ratio of 30.64, a PEG ratio of 1.05 and a beta of 1.17.
PBF Energy (NYSE:PBF) last released its earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.25). PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company posted ($0.71) earnings per share. The firm’s quarterly revenue was up 37.6% on a year-over-year basis. equities analysts forecast that PBF Energy will post 3.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.44%. PBF Energy’s payout ratio is 105.26%.
PBF has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Saturday, December 23rd. Morgan Stanley lowered shares of PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research note on Thursday, January 11th. JPMorgan Chase lowered shares of PBF Energy from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Cowen lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $30.00 to $31.00 in a research note on Friday, February 16th. Finally, Piper Jaffray reiterated a “hold” rating and set a $35.00 price target on shares of PBF Energy in a research note on Friday, February 23rd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.67.
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About PBF Energy
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.
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