PBF Energy Inc. (NYSE:PBF) Receives $25.54 Consensus Target Price from Analysts

Key Points

• PBF Energy has received a consensus recommendation of "Reduce" from fourteen brokerages, with six analysts recommending a sell, seven a hold, and one a buy rating.
• The company's stock has a twelve month price target of $25.54, and PBF Energy's stock recently opened at $30.12, reflecting a 1.8% decline.
• PBF Energy reported a negative earnings per share of ($1.03) for the last quarter, although it surpassed analysts' expectations, with revenue of $7.48 billion, down 14.4% compared to the same quarter last year.

Shares of PBF Energy Inc. (NYSE:PBF - Get Free Report) have received a consensus recommendation of "Reduce" from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $25.5385.

Several equities analysts recently issued reports on the company. Scotiabank restated a "sector perform" rating and issued a $25.00 price target (up previously from $16.00) on shares of PBF Energy in a research report on Friday, July 11th. Bank of America lifted their price objective on PBF Energy from $16.00 to $21.00 and gave the company an "underperform" rating in a report on Wednesday, September 3rd. Tudor Pickering lowered PBF Energy from a "hold" rating to a "strong sell" rating in a report on Monday, September 15th. Tudor, Pickering, Holt & Co. lowered PBF Energy from a "hold" rating to a "sell" rating and set a $24.00 price objective on the stock. in a report on Monday, September 15th. Finally, Morgan Stanley lifted their price objective on PBF Energy from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th.

Institutional Investors Weigh In On PBF Energy

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in PBF Energy by 25.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company's stock valued at $57,000 after buying an additional 522 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in PBF Energy by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,220 shares of the oil and gas company's stock valued at $286,000 after buying an additional 527 shares in the last quarter. Bank of Montreal Can raised its holdings in PBF Energy by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 11,734 shares of the oil and gas company's stock valued at $254,000 after acquiring an additional 629 shares during the last quarter. Signaturefd LLC increased its holdings in shares of PBF Energy by 8.1% during the 2nd quarter. Signaturefd LLC now owns 8,872 shares of the oil and gas company's stock worth $192,000 after buying an additional 664 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of PBF Energy by 9.5% during the 4th quarter. Vident Advisory LLC now owns 8,022 shares of the oil and gas company's stock worth $213,000 after buying an additional 698 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

PBF Energy Stock Performance

Shares of PBF traded down $0.54 during midday trading on Friday, reaching $30.12. 7,985,642 shares of the stock were exchanged, compared to its average volume of 3,802,793. The business's 50-day moving average price is $25.53 and its 200 day moving average price is $21.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55. PBF Energy has a twelve month low of $13.61 and a twelve month high of $34.22. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of -3.51 and a beta of 0.98.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) EPS for the quarter, topping analysts' consensus estimates of ($1.19) by $0.16. The business had revenue of $7.48 billion for the quarter, compared to analysts' expectations of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The business's revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.54) earnings per share. On average, sell-side analysts expect that PBF Energy will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 14th. PBF Energy's payout ratio is currently -12.81%.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in 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 from crude oil.