YTD, How Many New Highs Are Made By PBF Energy Inc. (PBF)?

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The stock of PBF Energy Inc. (NYSE:PBF) decreased by -$0.91 on Wednesday to $46.45, down -1.92 percent. The last five days have seen an average of 1,591,793 shares of common stock traded. 41 times new highs were reached in the current year, with a gain of $33.76. The average number of shares traded over the last 20 days was 2,347,628, while the average volume over the last 50 days totaled 2,742,351.

PBF stock appreciated 9.35% since last month. On 10/25/22, the company’s shares reached a one-month low of $41.85. The stock touched a high of $49.00 on 10/27/22, after rallying from a low of $10.58 in 52 weeks. The price of PBF stock has risen by 265.15% or $33.76 this year, reaching a new high 41 times. Still, the stock price is down -5.20% from the 52-week high.


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Insider Transactions

PBF stock investors should be aware that PBF Energy Inc. (PBF) stock had its last reported insider trading activity 19 days ago on Nov 04. On Nov 04, Senior Vice President Davis Paul T sold 117,500 shares at $47.28 each. This transaction resulted in the insider making $5,555,729. On Nov 01, Barone John C sold 32,500 shares at a price of US$45.97. After the transaction, the insider now owns 14,662 shares. Senior Vice President O Connor Thomas L had earlier sold 100,000 shares on Aug 23 for $37.54 a share. The transaction was completed for $3,753,540.

Valuation Metrics

PBF Energy Inc. (PBF) has a trailing price-to-earnings (P/E) ratio of 2.48. Beta for the stock is 2.05. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.13, the price-to-book (PB) ratio of 1.37, and the price-to-cash flow ratio of 1.58.

Company paid $0.20 per share in dividends, a decrease of -33.33% from $0.30 last year. A $0.10 dividend decrease was reported on Thursday October 27 2022.

Financial Health

For the three months ended September 29, PBF Energy Inc.’s quick ratio was 0.70, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.36, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 16.00% percent. PBF Energy Inc.’s operating margin stood at 7.80% for the same period. Based on annual data, it had gross profit of $597.2 million and revenue of $27.25 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PBF’s return on assets (ROA) during the last 12 months has been 18.50%. There was a 10.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 85.80%.

Earnings Surprise

According to PBF Energy Inc.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $20.36 billion, while revenues rose by 100.0% to $6.9 billion. It was predicted that PBF Energy Inc.’s quarterly earnings would be $7.96, but it ended up being $6.49, beating the consensus by 22.70%. EBITDA was $1.54 billion for the quarter. At the end of PBF Energy Inc.’s most recent quarter ended September 29, its liabilities totaled 8.43 billion, while its total debt was $2.66 billion. Equity owned by shareholders amounts to $122.52 million.

Technical Picture

Here’s a quick look at PBF Energy Inc.’s (PBF) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 54.64%, suggesting the stock is Neutral, with a 31.31% historical volatility rate.

The stochastic %K and %D were 55.21% and 52.06% respectively, while the average true range (ATR) was 2.06. Based on the 14-day stochastic reading of 55.21%, the RSI (14) reading is 57.20%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.08.

Analyst Ratings

In its most recent analyst report, JP Morgan raised its rating on PBF Energy Inc. (NYSE: PBF) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral.

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