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.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on PBF Energy from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, April 22nd. JPMorgan Chase & Co. upgraded PBF Energy from an "underweight" rating to a "neutral" rating and set a $34.00 price target for the company in a report on Tuesday, May 17th. Wells Fargo & Company upgraded PBF Energy from an "equal weight" rating to an "overweight" rating and set a $57.00 price target for the company in a report on Tuesday, June 14th. Wolfe Research increased their price target on PBF Energy from $25.00 to $36.00 in a report on Thursday, July 28th. Finally, TheStreet upgraded PBF Energy from a "c" rating to a "b-" rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PBF Energy currently has a consensus rating of "Hold" and a consensus target price of $32.92.

PBF Energy Stock Up 0.2 %

Shares of PBF Stock traded up $0.07 on Friday, reaching $34.73. 1,892,884 shares of the company were exchanged, compared to its average volume of 2,644,116. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 3.07 and a beta of 2.18. The company has a 50-day moving average of $32.12 and a 200-day moving average of $27.13. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 0.64. 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 quarterly earnings results on Thursday, July 28th. The oil and gas company reported $10.58 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $10.67 billion. During the same quarter last year, the firm earned ($1.26) EPS. The firm's revenue for the quarter was up 104.1% compared to the same quarter last year. Analysts anticipate that PBF Energy will post 16.61 earnings per share for the current year.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital sold 177,000 shares of the firm's stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $31.56, for a total value of $5,586,120.00. Following the transaction, the insider now owns 14,646,983 shares of the company's stock, valued at approximately $462,258,783.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Control Empresarial De Capital sold 177,000 shares of the firm's stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $31.56, for a total value of $5,586,120.00. Following the transaction, the insider now owns 14,646,983 shares of the company's stock, valued at approximately $462,258,783.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO C Erik Young sold 60,296 shares of the firm's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $30.30, for a total transaction of $1,826,968.80. Following the completion of the transaction, the chief financial officer now directly owns 66,893 shares in the company, valued at approximately $2,026,857.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,782,488 shares of company stock valued at $61,333,402. 5.60% of the stock is owned by corporate insiders.