PBF Energy FY2027 EPS Estimate Decreased by Zacks Research

Key Points

• Zacks Research has reduced its FY2027 earnings per share (EPS) estimates for PBF Energy from $1.00 to $0.82, while the current full-year consensus estimate is at ($1.12) per share.
• PBF Energy reported a quarterly EPS of ($1.03), surpassing analysts' estimates of ($1.19) by $0.16, but saw a 14.4% revenue decline year-over-year to $7.48 billion.
• The company is experiencing mixed analyst ratings, with one Buy rating, seven Hold ratings, and six Sell ratings, while consensus price target stands at $24.83.

PBF Energy Inc. (NYSE:PBF - Free Report) - Stock analysts at Zacks Research reduced their FY2027 earnings per share estimates for shares of PBF Energy in a research note issued on Monday, September 1st. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings of $0.82 per share for the year, down from their previous estimate of $1.00. The consensus estimate for PBF Energy's current full-year earnings is ($1.12) per share.

Several other research firms have also recently weighed in on PBF. Morgan Stanley lifted their target price on PBF Energy from $20.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Scotiabank reaffirmed a "sector perform" rating and set a $25.00 target price (up previously from $16.00) on shares of PBF Energy in a research note on Friday, July 11th. Bank of America lifted their target price on PBF Energy from $16.00 to $21.00 and gave the company an "underperform" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company lifted their target price on PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Piper Sandler reaffirmed an "underweight" rating and set a $22.00 target price (up previously from $21.00) on shares of PBF Energy in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, PBF Energy presently has an average rating of "Reduce" and an average price target of $24.83.

PBF Energy Trading Down 0.2%

NYSE PBF traded down $0.05 on Thursday, hitting $28.46. 3,417,148 shares of the company were exchanged, compared to its average volume of 3,209,497. 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 $34.31. The company's 50 day moving average price is $24.64 and its 200-day moving average price is $21.26. The firm has a market capitalization of $3.29 billion, a P/E ratio of -3.31 and a beta of 0.97.

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) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.19) by $0.16. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned ($0.54) EPS.

Institutional Investors Weigh In On PBF Energy

A number of large investors have recently added to or reduced their stakes in PBF. Farther Finance Advisors LLC lifted its holdings in shares of PBF Energy by 25.0% during the second quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company's stock worth $57,000 after buying an additional 522 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of PBF Energy by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 13,220 shares of the oil and gas company's stock worth $286,000 after buying an additional 527 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of PBF Energy by 5.7% during the second quarter. Bank of Montreal Can now owns 11,734 shares of the oil and gas company's stock worth $254,000 after buying an additional 629 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of PBF Energy by 8.1% during the second 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 lifted its holdings in shares of PBF Energy by 9.5% during the fourth 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. Institutional investors own 96.29% of the company's stock.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.9%. PBF Energy's payout ratio is presently -12.81%.

PBF Energy Company Profile

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.