Zacks Research Reduces Earnings Estimates for PBF Energy
Zacks Research has lowered its FY2027 earnings per share estimate for PBF Energy Inc. from $1.00 to $0.82. The current consensus estimate for the company's full-year earnings is ($1.12) per share. PBF Energy reported a quarterly EPS of ($1.03), surpassing estimates, with revenue of $7.48 billion. Analysts have mixed ratings on the stock, with one Buy, seven Hold, and six Sell ratings. The stock opened at $27.81, with a market cap of $3.22 billion and a dividend yield of 4.0%.
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PBF Energy Inc. (NYSE:PBF - Free Report) - Research analysts at Zacks Research reduced their FY2027 earnings per share (EPS) estimates for shares of PBF Energy in a report released on Monday, September 1st. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings per share of $0.82 for the year, down from their prior estimate of $1.00. The consensus estimate for PBF Energy's current full-year earnings is ($1.12) per share.
PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.19) by $0.16. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The business had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the business posted ($0.54) EPS. The business's revenue was down 14.4% compared to the same quarter last year.
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A number of other analysts have also recently weighed in on the company. Scotiabank reissued a "sector perform" rating and issued a $25.00 price objective (up previously from $16.00) on shares of PBF Energy in a research report on Friday, July 11th. Mizuho raised their price objective on PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 13th. Piper Sandler reissued an "underweight" rating and issued a $22.00 price objective (up previously from $21.00) on shares of PBF Energy in a research report on Monday, August 4th. Wells Fargo & Company raised their price objective on PBF Energy from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $24.83.
Check Out Our Latest Report on PBF
PBF Energy Stock Down 2.3%
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PBF Energy stock opened at $27.81 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -3.24 and a beta of 0.98. PBF Energy has a 1-year low of $13.61 and a 1-year high of $34.31. The business has a fifty day moving average price of $24.38 and a 200-day moving average price of $21.23.
PBF Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, August 14th. PBF Energy's payout ratio is -12.81%.
Hedge Funds Weigh In On PBF Energy
Institutional investors and hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of PBF Energy by 761.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 1,248 shares in the last quarter. Fifth Third Bancorp increased its stake in PBF Energy by 125.7% during the 1st quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company's stock worth $28,000 after buying an additional 803 shares in the last quarter. Allworth Financial LP increased its stake in PBF Energy by 194.3% during the 1st quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company's stock worth $32,000 after buying an additional 1,090 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in PBF Energy during the 1st quarter worth approximately $35,000. Finally, Neo Ivy Capital Management purchased a new stake in PBF Energy during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 96.29% of the company's stock.
PBF Energy Company Profile
(Get Free Report)PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.
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