FY2026 Earnings Forecast for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF) – Analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of PBF Energy in a research note issued to investors on Thursday, February 19th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings per share of ($2.60) for the year, down from their prior forecast of ($2.30). The consensus estimate for PBF Energy’s current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy’s FY2027 earnings at $0.40 EPS.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.64. The company had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.17 billion. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.82) earnings per share.

Other equities analysts have also recently issued research reports about the stock. TD Cowen reissued a “sell” rating on shares of PBF Energy in a research report on Friday, October 31st. Wall Street Zen upgraded PBF Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $34.00 price target on shares of PBF Energy in a research report on Monday, January 5th. Finally, UBS Group lifted their price objective on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, PBF Energy currently has a consensus rating of “Reduce” and a consensus price target of $30.21.

PBF Energy Trading Up 1.4%

Shares of PBF stock opened at $34.37 on Monday. PBF Energy has a fifty-two week low of $13.61 and a fifty-two week high of $41.47. The company has a 50 day moving average price of $31.03 and a 200 day moving average price of $30.81. The stock has a market capitalization of $4.02 billion, a P/E ratio of -23.38, a price-to-earnings-growth ratio of 4.61 and a beta of 0.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in PBF Energy by 63.6% in the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock valued at $590,000 after purchasing an additional 12,025 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of PBF Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock worth $1,140,000 after buying an additional 2,609 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of PBF Energy by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock worth $4,996,000 after buying an additional 12,289 shares during the last quarter. Acadian Asset Management LLC increased its position in PBF Energy by 261.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 2,354 shares during the period. Finally, AlphaQuest LLC raised its stake in PBF Energy by 193.3% during the 2nd quarter. AlphaQuest LLC now owns 33,017 shares of the oil and gas company’s stock valued at $715,000 after acquiring an additional 21,759 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital sold 480,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $35.07, for a total transaction of $16,833,600.00. Following the completion of the sale, the insider owned 29,583,498 shares in the company, valued at $1,037,493,274.86. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 2,385,879 shares of company stock valued at $82,719,180. Corporate insiders own 6.70% of the company’s stock.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.2%. PBF Energy’s dividend payout ratio is presently -74.83%.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.