PBF Energy Inc. (PBF): What the Financials Tell Us

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PBF Energy Inc. (NYSE:PBF) saw an upside of 1.77% to $44.58 after adding $0.78 on Tuesday. The 5-day average trading volume is 2,064,392 shares of the company’s common stock. It has gained $50.86 in the past week and touched a new high 4 times within the past 5 days. An average of 2,138,638 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,765,831.

PBF’s 1-month performance is 14.36% or $3.25 on its low of $36.40 reached on 01/04/23. The company’s shares have touched a 52-week low of $14.75 and high of $49.00, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, PBF has achieved 7.41% or $3.57 and has reached a new high 6 times. However, the current price is down -9.03% from the 52-week high price.


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Insider Transactions

PBF stock investors last saw insider trading activity on Nov 04.Davis Paul T (Senior Vice President) most recently sold 117,500 shares at $47.28 per share on Nov 04. This transaction cost the insider $5,555,729. Principal Accounting Officer, Barone John C, sold 32,500 shares at a price of $45.97 on Nov 01. Then, on Aug 23, Senior Vice President O Connor Thomas L sold 100,000 shares at a price of $37.54 per share. This transaction amounted to $3,753,540.

Valuation Metrics

PBF stock has a beta of 1.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.13 while the price-to-book (PB) in the most recent quarter is 1.27, with the price to cash flow ratio at 1.57.

PBF Energy Inc.’s quick ratio for the period ended September 29 was 0.70, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.36, while the total debt to equity was 0.48. In terms of profitability, the gross margin trailing 12 months is 16.00%. The firm’s gross profit as reported stood at $597.2 million against revenue of $27.25 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 94.41% to $1.06 billion, while revenue of $1.2 billion was -13.94% off the previous quarter. Analysts expected PBF to announce $6.49 per share in earnings in its latest quarter, but it posted $7.96, representing a 22.70% surprise. EBITDA for the quarter stood at more than $1.54 billion. PBF stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 8.43 billion, with total debt at $2.66 billion. Shareholders hold equity totaling $122.52 million.

Let’s look briefly at PBF Energy Inc. (PBF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 73.19% to suggest the stock is trending Overbought, with historical volatility in this time period at 24.03%.

The stock’s 5-day moving average is $42.16, reflecting a +10.38% or $4.17 change from its current price. PBF is currently trading +14.01% above its 20-day SMA, +31.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.14% and SMA200 by+68.76%.

Stochastic %K and %D was 77.43% and 81.04% and the average true range (ATR) pointed at 2.52. The RSI (14) points at 65.37%, while the 14-day stochastic is at 54.96% with the period’s ATR at 2.29. The stock’s 9-day MACD Oscillator is pointing at 2.40 and 3.45 on the 14-day charts.

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