Q4 Earnings Estimate for PBF Energy Issued By Zacks Research

Key Points

• Zacks Research has reduced its Q4 2026 earnings estimate for PBF Energy to $0.11 per share, down from $0.13, and projects a full-year earnings estimate of ($1.12) per share.
• PBF Energy reported ($1.03) EPS for the last quarter, which exceeded analysts' expectations and had a revenue of $7.48 billion, beating the estimates of $6.65 billion.
• Recent adjustments from various equities analysts have raised PBF Energy's price targets, with a consensus price target now at $25.42, reflecting varying ratings of "Buy," "Hold," and "Sell."

PBF Energy Inc. (NYSE:PBF - Free Report) - Investment analysts at Zacks Research decreased their Q4 2026 earnings per share (EPS) estimates for PBF Energy in a research report issued on Thursday, September 11th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.13. The consensus estimate for PBF Energy's current full-year earnings is ($1.12) per share. Zacks Research also issued estimates for PBF Energy's Q1 2027 earnings at $0.17 EPS.

Other analysts have also issued research reports about the company. Scotiabank reaffirmed a "sector perform" rating and set a $25.00 price objective (up previously from $16.00) on shares of PBF Energy in a research note on Friday, July 11th. Citigroup increased their target price on PBF Energy from $16.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Bank of America increased their target price on PBF Energy from $16.00 to $21.00 and gave the stock an "underperform" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company increased their target price on PBF Energy from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley increased their target price on PBF Energy from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, PBF Energy currently has a consensus rating of "Reduce" and a consensus price target of $25.54.

PBF Energy Price Performance

Shares of PBF traded down $0.54 during trading hours on Monday, reaching $30.12. 7,985,642 shares of the company traded hands, compared to its average volume of 3,802,793. The company has a quick ratio of 0.55, a current ratio of 1.31 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.48 billion, a PE ratio of -3.51 and a beta of 0.98. PBF Energy has a fifty-two week low of $13.61 and a fifty-two week high of $34.22. The stock has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $21.78.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) EPS for the quarter, beating analysts' consensus estimates of ($1.19) by $0.16. The business had revenue of $7.48 billion for the quarter, compared to analyst estimates 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 for the quarter was down 14.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.54) earnings per share.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently modified their holdings of PBF. Cetera Investment Advisers raised its holdings in shares of PBF Energy by 60.8% in the 4th quarter. Cetera Investment Advisers now owns 37,281 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 14,098 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of PBF Energy by 94.7% in the 4th quarter. Nuveen Asset Management LLC now owns 568,901 shares of the oil and gas company's stock worth $15,104,000 after purchasing an additional 276,672 shares during the period. Nomura Holdings Inc. purchased a new position in shares of PBF Energy in the 4th quarter worth about $344,000. ProShare Advisors LLC raised its holdings in shares of PBF Energy by 37.0% during the 4th quarter. ProShare Advisors LLC now owns 32,839 shares of the oil and gas company's stock valued at $872,000 after buying an additional 8,870 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in shares of PBF Energy by 0.4% during the 4th quarter. Rafferty Asset Management LLC now owns 177,474 shares of the oil and gas company's stock valued at $4,712,000 after buying an additional 795 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Announces Dividend

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