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

PBF has been the subject of a number of analyst reports. Wells Fargo & Company upgraded PBF Energy from an "equal weight" rating to an "overweight" rating and set a $57.00 price objective for the company in a report on Tuesday, June 14th. TheStreet upgraded shares of PBF Energy from a "c" rating to a "b-" rating in a research report on Friday, July 29th. StockNews.com upgraded shares of PBF Energy from a "buy" rating to a "strong-buy" rating in a report on Monday, August 1st. JPMorgan Chase & Co. upgraded PBF Energy from an "underweight" rating to a "neutral" rating and set a $34.00 target price on the stock in a report on Tuesday, May 17th. Finally, Piper Sandler raised their price objective on shares of PBF Energy to $43.00 and gave the stock an "overweight" rating in a report on Monday, May 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PBF Energy currently has an average rating of "Hold" and a consensus target price of $32.92.

PBF Energy Stock Performance

NYSE:PBF opened at $36.31 on Friday. The stock has a fifty day moving average price of $31.54 and a 200-day moving average price of $27.65. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 3.21 and a beta of 2.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 1.08. PBF Energy has a fifty-two week low of $7.24 and a fifty-two week high of $44.12.

PBF Energy (NYSE:PBF - Get Rating) last released 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. The firm had revenue of $14.08 billion during the quarter, compared to the consensus estimate of $10.67 billion. PBF Energy had a return on equity of 55.28% and a net margin of 3.64%. The company's revenue was up 104.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.26) EPS. As a group, equities analysts anticipate that PBF Energy will post 16.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Control Empresarial De Capital sold 1,245,183 shares of the business's stock in a transaction 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 owns 12,284,000 shares of the company's stock, valued at approximately $431,905,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.60% of the company's stock.