The price of PBF Energy Inc (NYSE: PBF) closed at $56.08 in the last session, up 1.34% from day before closing price of $55.34. In other words, the price has increased by $+0.74 from its previous closing price. On the day, 1052922 shares were traded.
Ratios:
We take a closer look at PBF’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.35. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 6.68B and an Enterprise Value of 6.94B. As of this moment, PBF’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.41, and their Forward P/E ratio for the next fiscal year is 11.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 0.18 whereas that against EBITDA is 1.96.
Stock Price History:
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 50.13, while the 200-Day Moving Average is calculated to be 46.79.
Shares Statistics:
According to the various share statistics, PBF traded on average about 2.35M shares per day over the past 3-months and 2.32M shares per day over the past 10 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 85.11% stake in the company. Shares short for PBF as of Feb 29, 2024 were 9.89M with a Short Ratio of 5.00, 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
The forward annual dividend rate for PBF is 0.90, which was 0.85 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.54%, it implies a Forward Annual Dividend Yield of 1.78%. The stock’s 5-year Average Dividend Yield is 5.16.
Earnings Estimates
The company has 12 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.56 for the current quarter, with a high estimate of $0.98 and a low estimate of -$0.35, while EPS last year was $2.76. The consensus estimate for the next quarter is $2.55, with high estimates of $4.11 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 $7.14. EPS for the following year is $5.03, with 11 analysts recommending between $7.43 and $1.85.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $7.12B. 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 -15.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $7.55B, a decrease of -17.60% less than the figure of -$15.10% 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 $31.68B. In the same quarter a year ago, actual revenue was $38.32B, down -17.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $29.55B 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 -6.70% from the average revenue estimate for this year.
