PBF Energy (PBF) Expected to Announce Quarterly Earnings on Thursday

PBF Energy (NYSE:PBF) is anticipated to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($1.80) per share and revenue of $7.42 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

PBF Energy Stock Performance

NYSE PBF opened at $28.68 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $3.30 billion, a PE ratio of -11.07 and a beta of 1.60. The business’s 50-day moving average price is $28.66 and its 200 day moving average price is $31.52. PBF Energy has a twelve month low of $24.21 and a twelve month high of $62.88.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital purchased 57,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $31.70 per share, with a total value of $1,806,900.00. Following the acquisition, the insider now owns 26,739,498 shares in the company, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 1,968,500 shares of company stock worth $58,476,810 over the last quarter. 5.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PBF. The Goldman Sachs Group decreased their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Wells Fargo & Company lowered shares of PBF Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $39.00 to $34.00 in a report on Monday, December 9th. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $33.00 to $31.00 in a report on Monday, December 16th. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, TD Cowen lowered PBF Energy from a “hold” rating to a “sell” rating and dropped their price target for the stock from $27.00 to $20.00 in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, PBF Energy has an average rating of “Hold” and a consensus price target of $32.00.

PBF Energy Company Profile

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.