Media coverage about PBF Energy (NYSE:PBF) has been trending somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PBF Energy earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.8726433314904 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
Several equities research analysts have issued reports on PBF shares. Citigroup lowered shares of PBF Energy from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research report on Wednesday, April 18th. They noted that the move was a valuation call. Credit Suisse Group started coverage on shares of PBF Energy in a research report on Monday, April 9th. They set a “neutral” rating and a $37.00 target price for the company. Howard Weil lowered shares of PBF Energy from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, April 11th. Scotiabank reiterated a “sector perform” rating on shares of PBF Energy in a research report on Thursday, April 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of PBF Energy from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Monday, April 9th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.00.
PBF Energy opened at $41.73 on Thursday, Marketbeat Ratings reports. PBF Energy has a one year low of $19.46 and a one year high of $50.99. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.26. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.74.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, May 3rd. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.10). PBF Energy had a net margin of 2.09% and a return on equity of 4.39%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the previous year, the business posted ($0.20) earnings per share. PBF Energy’s revenue was up 22.0% compared to the same quarter last year. analysts anticipate that PBF Energy will post 3.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 30th. Shareholders of record on Tuesday, May 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.88%. PBF Energy’s payout ratio is presently 105.26%.
PBF Energy Company Profile
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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