PBF Energy Given Consensus Recommendation of “Hold” by Analysts (NYSE:PBF)
PBF Energy (NYSE:PBF) has earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Stock Ratings Network.com reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.01.
PBF Energy (NYSE:PBF) traded up 0.37% on Wednesday, hitting $30.01. 111,342 shares of the company’s stock traded hands. PBF Energy has a 52 week low of $20.15 and a 52 week high of $32.41. The stock has a 50-day moving average of $29.33 and a 200-day moving average of $27.91. The company has a market cap of $2.091 billion and a price-to-earnings ratio of 16.99.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.65. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company posted $0.48 earnings per share. PBF Energy’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that PBF Energy will post $3.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 29th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Thursday, May 8th.
PBF has been the subject of a number of recent research reports. Analysts at BofA Merrill Lynch reiterated a “buy” rating on shares of PBF Energy in a research note on Saturday, May 17th. They now have a $35.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of PBF Energy from $36.00 to $39.00 in a research note on Thursday, May 1st. They now have a “sector outperform” rating on the stock.
PBF Energy Inc (NYSE:PBF) is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oils, petrochemical feedstocks, lubricants and other petroleum products in the United States.
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