PBF Energy Inc. (PBF) Set to Announce Earnings on Thursday
PBF Energy Inc. (NYSE:PBF) is scheduled to be releasing its earnings data before the market opens on Thursday, August 3rd. Analysts expect PBF Energy to post earnings of $0.05 per share for the quarter.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.26. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.29 billion. PBF Energy had a negative return on equity of 4.20% and a net margin of 0.95%. The company’s revenue was up 69.8% on a year-over-year basis. During the same period last year, the company earned ($0.65) earnings per share. On average, analysts expect PBF Energy to post $0.61 EPS for the current fiscal year and $2.47 EPS for the next fiscal year.
Shares of PBF Energy Inc. (NYSE:PBF) traded up 0.40% during mid-day trading on Thursday, reaching $22.34. The company had a trading volume of 650,818 shares. The firm’s 50-day moving average price is $21.98 and its 200 day moving average price is $22.28. PBF Energy Inc. has a 52-week low of $18.48 and a 52-week high of $30.98. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 13.37 and a beta of 1.40.
Several analysts recently weighed in on PBF shares. Scotiabank set a $24.00 price objective on PBF Energy and gave the stock a “buy” rating in a research report on Monday, June 26th. Citigroup Inc. restated a “buy” rating and set a $37.50 price objective (down from $39.00) on shares of PBF Energy in a research report on Saturday, April 22nd. Zacks Investment Research upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. US Capital Advisors restated a “hold” rating on shares of PBF Energy in a research report on Monday, May 22nd. Finally, BidaskClub upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.39.
In other news, insider Connor Thomas L. O bought 10,000 shares of the stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $20.17 per share, with a total value of $201,700.00. Following the acquisition, the insider now directly owns 105,135 shares in the company, valued at $2,120,572.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas J. Nimbley bought 50,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was purchased at an average cost of $19.69 per share, with a total value of $984,500.00. Following the acquisition, the chief executive officer now owns 290,000 shares in the company, valued at $5,710,100. The disclosure for this purchase can be found here. 2.55% of the stock is owned by corporate insiders.
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PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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