After finishing at $58.84 in the prior trading day, PBF Energy Inc (NYSE: PBF) closed at $59.07, up 0.39%. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 1630036 shares were traded.
Ratios:
Our goal is to gain a better understanding of PBF by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.85. 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, Mizuho on March 22, 2024, Downgraded its rating to Neutral and sets its target price to $58 from $53 previously.
On March 15, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $52 to $74.
TD Cowen reiterated its Market Perform rating for the stock on February 16, 2024, while the target price for the stock was revised from $35 to $41.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 25 ’24 when Davis Paul T sold 100,000 shares for $56.37 per share. The transaction valued at 5,637,230 led to the insider holds 110,978 shares of the business.
O Connor Thomas L sold 10,000 shares of PBF for $571,500 on Mar 25 ’24. The Senior Vice President now owns 160,338 shares after completing the transaction at $57.15 per share. On Mar 19 ’24, another insider, O Connor Thomas L, who serves as the Senior Vice President of the company, sold 40,000 shares for $55.87 each. As a result, the insider received 2,234,600 and left with 160,338 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 7.01B and an Enterprise Value of 7.27B. As of this moment, PBF’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.59, and their Forward P/E ratio for the next fiscal year is 11.31. 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 1.10. Its current Enterprise Value per Revenue stands at 0.19 whereas that against EBITDA is 2.05.
Stock Price History:
Over the past 52 weeks, PBF has reached a high of $62.88, while it has fallen to a 52-week low of $31.25. The 50-Day Moving Average of the stock is 52.86, while the 200-Day Moving Average is calculated to be 47.67.
Shares Statistics:
The stock has traded on average 2.29M shares per day over the past 3-months and 1.59M shares per day over the last 10 days, according to various share statistics. 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 85.10% stake in the company. Shares short for PBF as of Mar 15, 2024 were 11.77M with a Short Ratio of 4.70, compared to 10.81M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.88% and a Short% of Float of 13.55%.
Dividends & Splits
In the trailing 12 months, PBF’s forward annual dividend rate was 0.85, compared to 0.90 this year. Against a Trailing Annual Dividend Yield of 1.44%, it implies a Forward Annual Dividend Yield of 1.78%. The stock’s 5-year Average Dividend Yield is 5.16.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of $0.48 for the current quarter, with a high estimate of $0.79 and a low estimate of -$0.35, while EPS last year was $2.76. The consensus estimate for the next quarter is $2.71, with high estimates of $4.23 and low estimates of $0.71.
Analysts are recommending an EPS of between $11.12 and $1.55 for the fiscal current year, implying an average EPS of $7.25. EPS for the following year is $5.24, with 12 analysts recommending between $9.23 and $1.85.
Revenue Estimates
8 analysts predict $7.08B in revenue for the current 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 -15.60% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $7.54B, a decrease of -17.60% less than the figure of -$15.60% 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 9 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 $31.37B. In the same quarter a year ago, actual revenue was $38.32B, down -18.10% from the average estimate. Based on 8 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 -6.20% from the average revenue estimate for this year.
