PBF Energy Receives Consensus Rating of “Hold” from Analysts (NYSE:PBF)
PBF Energy (NYSE:PBF) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, Analyst Ratings Network.com reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $29.30.
Several analysts have recently commented on the stock. 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.
Shares of PBF Energy (NYSE:PBF) opened at 26.88 on Wednesday. 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 $29.28 and its 200-day moving average is $28.03. The company has a market cap of $1.873 billion and a price-to-earnings ratio of 15.11. 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. Based on an average daily trading volume, of 3,500,660 shares, the days-to-cover ratio is presently 0.8 days. Approximately 3.2% of the shares of the company are short sold.
PBF Energy (NYSE:PBF) last announced its earnings results on Wednesday, April 30th. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that PBF Energy will post $3.35 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.