PBF Energy (PBF) to Release Earnings on Thursday

PBF Energy (NYSE:PBFGet Rating) is set to release its earnings data before the market opens on Thursday, April 28th. Analysts expect PBF Energy to post earnings of $0.01 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

PBF Energy (NYSE:PBFGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The oil and gas company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.59. PBF Energy had a negative return on equity of 12.82% and a net margin of 0.85%. The business had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.15 billion. During the same quarter in the prior year, the firm posted ($4.53) earnings per share. The firm’s revenue for the quarter was up 125.5% compared to the same quarter last year. On average, analysts expect PBF Energy to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of PBF opened at $28.99 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.38 and a debt-to-equity ratio of 1.72. PBF Energy has a 12-month low of $7.24 and a 12-month high of $30.13. The firm has a market capitalization of $3.49 billion, a PE ratio of 15.26 and a beta of 2.56. The stock’s fifty day simple moving average is $22.21 and its 200-day simple moving average is $17.37.

In related news, SVP Connor Thomas L. O sold 37,999 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $19.82, for a total transaction of $753,140.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of PBF. Norges Bank bought a new position in PBF Energy during the fourth quarter valued at $12,380,000. Morgan Stanley raised its position in shares of PBF Energy by 82.2% in the second quarter. Morgan Stanley now owns 1,384,382 shares of the oil and gas company’s stock worth $21,180,000 after buying an additional 624,598 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of PBF Energy in the fourth quarter worth $7,774,000. Millennium Management LLC raised its position in shares of PBF Energy by 64.5% in the fourth quarter. Millennium Management LLC now owns 1,081,642 shares of the oil and gas company’s stock worth $14,029,000 after buying an additional 424,293 shares in the last quarter. Finally, BlackRock Inc. raised its position in PBF Energy by 0.8% during the fourth quarter. BlackRock Inc. now owns 17,041,582 shares of the oil and gas company’s stock valued at $221,027,000 after purchasing an additional 136,795 shares in the last quarter. 69.95% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Credit Suisse Group increased their target price on PBF Energy from $16.50 to $20.50 and gave the company an “underperform” rating in a research note on Tuesday, March 22nd. Barclays raised their price target on PBF Energy from $11.00 to $17.00 in a research report on Thursday, January 20th. TheStreet raised PBF Energy from a “d+” rating to a “c” rating in a research report on Thursday, February 10th. Cowen decreased their price objective on PBF Energy from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Tuesday, December 28th. Finally, Piper Sandler raised their price target on PBF Energy from $21.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday. Four analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PBF Energy presently has an average rating of “Hold” and an average target price of $20.71.

PBF Energy Company Profile (Get Rating)

PBF Energy Inc, together with 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.

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Earnings History for PBF Energy (NYSE:PBF)

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