PBF Energy - PBF Stock Forecast, Price & News

PBF Energy Inc., together with 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. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. As of December 31, 2021, the company owned and operated six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.

Wall Street Analyst Weigh In

Several analysts have weighed in on PBF shares. JPMorgan Chase & Co. raised shares of PBF Energy from an "underweight" rating to a "neutral" rating and set a $34.00 price objective on the stock in a research note on Tuesday, May 17th. Barclays increased their price objective on shares of PBF Energy from $25.00 to $27.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 5th. Wells Fargo & Company raised shares of PBF Energy from an "equal weight" rating to an "overweight" rating and set a $57.00 price objective for the company in a research report on Tuesday, June 14th. Piper Sandler increased their price objective on shares of PBF Energy to $43.00 and gave the stock an "overweight" rating in a research report on Monday, May 23rd. Finally, TheStreet raised shares of PBF Energy from a "c" rating to a "b-" rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $32.92.

PBF Energy Stock Performance

PBF traded up $1.07 during trading on Thursday, hitting $35.93. 7,796 shares of the company traded hands, compared to its average volume of 2,735,652. The firm has a market cap of $4.38 billion, a P/E ratio of 3.08 and a beta of 2.18. The stock's fifty day moving average is $31.65 and its 200 day moving average is $27.50. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. PBF Energy has a one year low of $7.24 and a one year high of $44.12.

PBF Energy (NYSE:PBF - Get Rating) last announced its earnings results on Thursday, July 28th. The oil and gas company reported $10.58 earnings per share for the quarter, beating analysts' consensus estimates of $7.36 by $3.22. PBF Energy had a net margin of 3.64% and a return on equity of 55.28%. The business had revenue of $14.08 billion for the quarter, compared to the consensus estimate of $10.67 billion. During the same period last year, the firm posted ($1.26) earnings per share. PBF Energy's quarterly revenue was up 104.1% on a year-over-year basis. As a group, equities analysts predict that PBF Energy will post 16.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital sold 1,245,183 shares of the business's stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $35.16, for a total transaction of $43,780,634.28. Following the completion of the transaction, the insider now directly owns 12,284,000 shares in the company, valued at approximately $431,905,440. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 1,530,183 shares of company stock worth $53,453,684. 5.60% of the stock is owned by corporate insiders.