Wall Street brokerages expect PBF Energy Inc (NYSE:PBF) to post sales of $5.12 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for PBF Energy’s earnings. The lowest sales estimate is $4.76 billion and the highest is $5.47 billion. PBF Energy reported sales of $4.75 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that PBF Energy will report full-year sales of $5.12 billion for the current year, with estimates ranging from $19.60 billion to $20.72 billion. For the next year, analysts anticipate that the company will post sales of $20.66 billion per share, with estimates ranging from $19.35 billion to $22.61 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover PBF Energy.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.22. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) EPS.

PBF has been the topic of a number of research reports. Zacks Investment Research upgraded PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Saturday, December 23rd. Barclays reiterated an “underweight” rating and set a $26.00 price target (up from $24.00) on shares of PBF Energy in a research report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating and set a $30.00 price target on shares of PBF Energy in a research report on Tuesday, November 7th. Morgan Stanley cut PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 target price on the stock. in a research report on Thursday, January 11th. Finally, Goldman Sachs Group cut PBF Energy from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 28th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. PBF Energy presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Shares of PBF Energy (NYSE PBF) opened at $34.53 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $3,864.46, a P/E ratio of 16.52, a PEG ratio of 1.15 and a beta of 1.45. PBF Energy has a 1 year low of $18.48 and a 1 year high of $37.01.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in PBF Energy by 75.2% in the 4th quarter. Bank of Montreal Can now owns 94,634 shares of the oil and gas company’s stock valued at $3,355,000 after acquiring an additional 40,610 shares during the period. Convergence Investment Partners LLC increased its position in PBF Energy by 166.7% in the 4th quarter. Convergence Investment Partners LLC now owns 55,791 shares of the oil and gas company’s stock valued at $1,978,000 after acquiring an additional 34,875 shares during the period. Nisa Investment Advisors LLC boosted its stake in PBF Energy by 13.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 35,390 shares of the oil and gas company’s stock valued at $1,255,000 after purchasing an additional 4,100 shares in the last quarter. Shelton Capital Management bought a new position in PBF Energy during the 3rd quarter valued at $218,000. Finally, GSA Capital Partners LLP bought a new position in PBF Energy during the 3rd quarter valued at $538,000.

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About PBF Energy

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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