PBF Energy (NYSE:PBF – Get Rating) had its target price dropped by equities research analysts at Wells Fargo & Company from $48.00 to $45.00 in a report released on Friday, The Fly reports. Wells Fargo & Company‘s price target would indicate a potential upside of 26.12% from the company’s current price.
Several other equities analysts also recently commented on PBF. Mizuho downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $56.00 to $41.00 in a report on Friday, May 19th. StockNews.com initiated coverage on shares of PBF Energy in a report on Thursday, May 18th. They issued a “hold” rating on the stock. UBS Group initiated coverage on shares of PBF Energy in a report on Wednesday, March 8th. They issued a “neutral” rating and a $53.00 price objective on the stock. TheStreet upgraded shares of PBF Energy from a “c” rating to a “b-” rating in a report on Tuesday, May 16th. Finally, Piper Sandler reduced their target price on shares of PBF Energy from $74.00 to $61.00 in a research report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.58.
PBF Energy Price Performance
Shares of PBF opened at $35.68 on Friday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 1.38 and a beta of 1.93. PBF Energy has a 1-year low of $24.63 and a 1-year high of $49.00. The company’s fifty day simple moving average is $37.82 and its 200 day simple moving average is $40.15. The company has a current ratio of 1.28, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28.
PBF Energy (NYSE:PBF – Get Rating) last released its quarterly earnings data on Friday, May 5th. The oil and gas company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.65 by $0.11. PBF Energy had a net margin of 6.98% and a return on equity of 69.19%. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts forecast that PBF Energy will post 9.06 earnings per share for the current fiscal year.
Institutional Investors Weigh In On PBF Energy
Several institutional investors and hedge funds have recently bought and sold shares of PBF. Lazard Asset Management LLC bought a new stake in PBF Energy during the third quarter worth about $33,000. Exchange Traded Concepts LLC bought a new stake in PBF Energy during the fourth quarter worth about $33,000. Tucker Asset Management LLC bought a new stake in PBF Energy during the first quarter worth about $34,000. Gladius Capital Management LP bought a new stake in PBF Energy during the fourth quarter worth about $40,000. Finally, Ronald Blue Trust Inc. lifted its position in PBF Energy by 5,747.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,228 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 1,207 shares during the period. Institutional investors own 90.69% of the company’s stock.
PBF Energy Company Profile
PBF Energy, Inc engages in the operation of a petroleum refinery and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment involves refining crude oil and other feed stocks into petroleum products.
Further Reading
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