PBF Energy Inc (PBF) Expected to Post Earnings of $0.77 Per Share

Wall Street brokerages expect PBF Energy Inc (NYSE:PBF) to announce $0.77 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for PBF Energy’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.90. PBF Energy reported earnings per share of ($0.04) during the same quarter last year, which suggests a positive year over year growth rate of 2,025%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 14th.

On average, analysts expect that PBF Energy will report full year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.86 to $3.15. For the next year, analysts anticipate that the company will post earnings of $3.14 per share, with EPS estimates ranging from $2.25 to $4.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow PBF Energy.

PBF has been the topic of a number of analyst reports. Morgan Stanley upgraded shares of PBF Energy from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $50.00 to $48.00 in a report on Wednesday, January 9th. Goldman Sachs Group lowered shares of PBF Energy from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $35.00 to $34.00 in a report on Friday, January 25th. Barclays restated a “buy” rating and issued a $62.00 target price on shares of PBF Energy in a report on Friday, January 11th. Piper Jaffray Companies restated an “overweight” rating on shares of PBF Energy in a report on Thursday, January 10th. Finally, Credit Suisse Group lowered their target price on shares of PBF Energy from $51.00 to $47.00 and set a “neutral” rating on the stock in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.83.

Shares of PBF traded up $0.83 on Monday, reaching $35.31. The company’s stock had a trading volume of 16,591 shares, compared to its average volume of 1,263,631. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.79 and a quick ratio of 0.83. PBF Energy has a twelve month low of $28.25 and a twelve month high of $53.91. The firm has a market capitalization of $4.13 billion, a PE ratio of 30.97, a P/E/G ratio of 0.67 and a beta of 1.40.

Large investors have recently bought and sold shares of the business. Penserra Capital Management LLC increased its stake in PBF Energy by 675.4% in the 4th quarter. Penserra Capital Management LLC now owns 3,784 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 3,296 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in PBF Energy by 172.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,908 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 2,475 shares during the last quarter. First Foundation Advisors purchased a new stake in PBF Energy in the 3rd quarter valued at about $207,000. BLB&B Advisors LLC purchased a new stake in PBF Energy in the 3rd quarter valued at about $216,000. Finally, Great Lakes Advisors LLC purchased a new stake in PBF Energy in the 3rd quarter valued at about $221,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

About PBF Energy

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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 and Estimates for PBF Energy (NYSE:PBF)

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