Q2 Earnings Forecast for PBF Energy Issued By Zacks Research

Key Points

• Analysts at Zacks Research increased their Q2 2026 earnings estimates for PBF Energy from $1.02 to $1.08 per share, reflecting optimism about the company's financial performance.
• PBF Energy reported a revenue of $7.48 billion in their last quarterly results, exceeding estimates, although they reported a net loss of ($1.03) per share.
• The company recently declared a quarterly dividend of $0.275 per share, representing a 4.1% dividend yield despite having a negative payout ratio.

PBF Energy Inc. (NYSE:PBF - Free Report) - Zacks Research boosted their Q2 2026 earnings estimates for shares of PBF Energy in a research note issued to investors on Tuesday, August 26th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings of $1.08 per share for the quarter, up from their prior forecast of $1.02. 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 Q4 2026 earnings at $0.13 EPS, FY2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.00 EPS and FY2027 earnings at $1.00 EPS.

Several other brokerages also recently issued reports on PBF. Citigroup raised their price objective on shares of PBF Energy from $16.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Mizuho raised their target price on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. Piper Sandler reissued an "underweight" rating and set a $22.00 target price (up previously from $21.00) on shares of PBF Energy in a research report on Monday, August 4th. Scotiabank reiterated a "sector perform" rating and issued a $25.00 price target (up previously from $16.00) on shares of PBF Energy in a report on Friday, July 11th. Finally, Morgan Stanley raised their target price on PBF Energy from $20.00 to $24.00 and gave the stock an "equal weight" rating in a 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $25.17.

PBF Energy Trading Up 2.7%

Shares of NYSE:PBF traded up $0.73 during trading on Friday, hitting $27.36. The company had a trading volume of 4,947,028 shares, compared to its average volume of 3,571,063. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -3.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55. The company has a fifty day simple moving average of $24.00 and a two-hundred day simple moving average of $21.11. PBF Energy has a one year low of $13.61 and a one year high of $34.49.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) EPS for the quarter, topping the consensus estimate of ($1.19) by $0.16. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the business posted ($0.54) earnings per share. The firm's revenue was down 14.4% on a year-over-year basis.

Hedge Funds Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its holdings in PBF Energy by 761.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company's stock valued at $31,000 after buying an additional 1,248 shares during the last quarter. Fifth Third Bancorp boosted its holdings in PBF Energy by 125.7% in the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 803 shares in the last quarter. Allworth Financial LP increased its stake in PBF Energy by 194.3% in the first quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company's stock valued at $32,000 after purchasing an additional 1,090 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in PBF Energy during the first quarter worth approximately $35,000. Finally, Neo Ivy Capital Management acquired a new stake in PBF Energy during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.29% of the company's stock.

Insider Activity

In other news, insider Control Empresarial De Capital bought 48,500 shares of the company's stock in a transaction on Thursday, June 5th. The stock was bought at an average cost of $17.99 per share, with a total value of $872,515.00. Following the transaction, the insider directly owned 30,823,498 shares in the company, valued at $554,514,729.02. The trade was a 0.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.70% of the company's stock.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend 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.