In the latest session, PBF Energy Inc (NYSE: PBF) closed at $57.43 up 2.10% from its previous closing price of $56.25. In other words, the price has increased by $+1.18 from its previous closing price. On the day, 2233420 shares were traded. PBF stock price reached its highest trading level at $57.86 during the session, while it also had its lowest trading level at $55.04.
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Ratios:
For a deeper understanding of PBF Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on March 15, 2024, Upgraded its rating to Buy and sets its target price to $74 from $52 previously.
On February 16, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $35 to $41.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 14 ’24 when O Connor Thomas L sold 40,000 shares for $55.07 per share. The transaction valued at 2,202,922 led to the insider holds 160,338 shares of the business.
Control Empresarial de Capital bought 12,200 shares of PBF for $535,133 on Jan 24 ’24. The Add’l Rep. Persons-see Ex.99-1 now owns 14,345,198 shares after completing the transaction at $43.86 per share. On Jan 17 ’24, another insider, Control Empresarial de Capital, who serves as the Add’l Rep. Persons-see Ex.99-1 of the company, bought 500,000 shares for $41.57 each. As a result, the insider paid 20,784,550 and bolstered with 14,332,998 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PBF now has a Market Capitalization of 6.84B and an Enterprise Value of 7.10B. As of this moment, PBF’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.49, and their Forward P/E ratio for the next fiscal year is 11.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 0.19 whereas that against EBITDA is 2.01.
Stock Price History:
The Beta on a monthly basis for PBF is 1.73, which has changed by 39.22% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, PBF has reached a high of $58.65, while it has fallen to a 52-week low of $31.25. The 50-Day Moving Average of the stock is 48.69, while the 200-Day Moving Average is calculated to be 46.38.
Shares Statistics:
For the past three months, PBF has traded an average of 2.35M shares per day and 2.58M over the past ten days. A total of 120.44M shares are outstanding, with a floating share count of 103.04M. Insiders hold about 13.82% of the company’s shares, while institutions hold 85.13% stake in the company. Shares short for PBF as of Feb 29, 2024 were 9.89M with a Short Ratio of 4.21, compared to 11.24M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.27% and a Short% of Float of 9.44%.
Dividends & Splits
According to the company, the forward annual dividend rate for PBF is 0.90, from 0.85 in the trailing year. Against a Trailing Annual Dividend Yield of 1.51%, it implies a Forward Annual Dividend Yield of 1.74%. The stock’s 5-year Average Dividend Yield is 5.16.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.55 for the current quarter, with a high estimate of $1.01 and a low estimate of -$0.35, while EPS last year was $2.76. The consensus estimate for the next quarter is $2.51, with high estimates of $4.03 and low estimates of $0.71.
Analysts are recommending an EPS of between $9.21 and $1.55 for the fiscal current year, implying an average EPS of $6.79. EPS for the following year is $4.98, with 11 analysts recommending between $7.61 and $1.85.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $7.15B this quarter.It ranges from a high estimate of $9.5B to a low estimate of $38.1M. As of the current estimate, PBF Energy Inc’s year-ago sales were $8.39B, an estimated decrease of -14.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $7.52B, a decrease of -17.90% less than the figure of -$14.90% in the same quarter last year. There is a high estimate of $9.74B for the next quarter, whereas the lowest estimate is $428.2M.
A total of 8 analysts have provided revenue estimates for PBF’s current fiscal year. The highest revenue estimate was $41.27B, while the lowest revenue estimate was $1.32B, resulting in an average revenue estimate of $31.58B. In the same quarter a year ago, actual revenue was $38.32B, down -17.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $29.42B in the next fiscal year. The high estimate is $38B and the low estimate is $865.5M. The average revenue growth estimate for next year is down -6.80% from the average revenue estimate for this year.
