PBF Energy (NYSE:PBF) Issues Earnings Results
PBF Energy (NYSE:PBF) announced its quarterly earnings data on Friday. The oil and gas company reported ($3.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.00) by ($1.19), Briefing.com reports. PBF Energy had a negative net margin of 3.97% and a positive return on equity of 3.40%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the company earned $0.83 EPS. PBF Energy’s quarterly revenue was down 61.6% on a year-over-year basis.
NYSE:PBF opened at $8.68 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 1.56. The business’s 50-day moving average price is $9.85 and its 200 day moving average price is $14.63. PBF Energy has a 52-week low of $5.19 and a 52-week high of $34.91. The firm has a market cap of $1.04 billion, a P/E ratio of 9.28 and a beta of 2.71.
Several equities analysts have recently commented on the company. Goldman Sachs Group lowered PBF Energy from a “neutral” rating to a “sell” rating and lowered their target price for the company from $12.00 to $10.00 in a report on Tuesday, June 23rd. ValuEngine raised shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their price target on shares of PBF Energy from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 27th. Mizuho cut their price target on PBF Energy from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, TheStreet lowered PBF Energy from a “c” rating to a “d” rating in a report on Friday, May 15th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.27.
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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