PBF Energy Receives Average Recommendation of “Hold” from Brokerages (NYSE:PBF)
Shares of PBF Energy (NYSE:PBF) have received a consensus rating of “Hold” from the nine analysts that are presently covering the company, American Banking and Market News reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.40.
PBF has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of PBF Energy in a research note on Monday, August 4th. They now have a $29.00 price target on the stock, down previously from $34.00. Separately, analysts at Bank of America downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, 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.
Shares of PBF Energy (NYSE:PBF) traded down 0.21% on Tuesday, hitting $27.702. 170,430 shares of the company’s stock traded hands. PBF Energy has a 52 week low of $20.59 and a 52 week high of $32.48. The stock has a 50-day moving average of $26.70 and a 200-day moving average of $27.85. The company has a market cap of $2.431 billion and a price-to-earnings ratio of 13.13.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.35 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.73 earnings per share. PBF Energy’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that PBF Energy will post $2.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Investors of record on Monday, August 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Thursday, August 7th.
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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