PBF Energy Downgraded to “Neutral” at Bank of America (PBF)
Shares of PBF Energy (NYSE:PBF) opened at 26.61 on Friday. PBF Energy has a 52-week low of $20.15 and a 52-week high of $32.48. The stock has a 50-day moving average of $28.04 and a 200-day moving average of $27.86. The company has a market cap of $1.854 billion and a P/E ratio of 15.40.
PBF Energy (NYSE:PBF) last announced its earnings results on Friday, August 1st. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.32. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that PBF Energy will post $3.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 27th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Thursday, August 7th.
Separately, analysts at Barclays initiated coverage on shares of PBF Energy in a research note on Wednesday, July 16th. They set an “equal weight” rating and a $30.00 price target on the stock. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.35.
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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