PBF Energy Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:PBF)
PBF Energy (NYSE:PBF) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, StockRatingsNetwork.com reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $29.30.
Shares of PBF Energy (NYSE:PBF) traded down 1.53% during mid-day trading on Wednesday, hitting $27.365. The stock had a trading volume of 230,571 shares. PBF Energy has a 52 week low of $20.15 and a 52 week high of $32.48. The stock’s 50-day moving average is $29.63 and its 200-day moving average is $28.08. The company has a market cap of $1.907 billion and a price-to-earnings ratio of 15.79. PBF Energy also was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 2,785,519 shares, a decline of 46.6% from the June 13th total of 5,220,525 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average trading volume of 3,500,660 shares, the days-to-cover ratio is currently 0.8 days.
PBF Energy (NYSE:PBF) last announced its earnings results 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 $3.41 earnings per share for the current fiscal year.
A number of research firms have recently commented on PBF. Analysts at Barclays initiated coverage on shares of PBF Energy in a research note on Wednesday. They set an “equal weight” rating and a $30.00 price target on the stock. Separately, analysts at Bank of America 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 Bank of America reiterated a “buy” rating on shares of PBF Energy in a research note on Friday, May 9th. They now have a $35.00 price target 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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