PBF Energy Inc. (NYSE:PBF) saw a downside of -0.75% to close Tuesday at $46.36 after subtracting -$0.35 on the day. The 5-day average trading volume is 2,172,020 shares of the company’s common stock. It has gained $48.74 in the past week and touched a new high 4 times within the past 5 days. An average of 2,242,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,159,330.
PBF’s 1-month performance is 1.98% or $2.86 on its low of $42.82 reached on 08/03/23. The company’s shares have touched a 52-week low of $27.00 and high of $50.43, with the stock’s rally to the 52-week high happening on 08/11/23. YTD, PBF has achieved 13.68% or $5.58 and has reached a new high 13 times. However, the current price is down -8.07% from the 52-week high price.
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 1.92. 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 0.96, with the price to cash flow ratio at 3.32.
PBF Energy Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.25, while the total debt to equity was 0.25.. In terms of profitability, the gross margin trailing 12 months is 16.40%. The trailing 12-month EBITDA margin is 10.13% while for the period ending June 29, PBF Energy Inc.’s operating margin was 10.00%. The firm’s gross profit as reported stood at $4.15 billion against revenue of $46.83 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -17.96% to $1.02 billion, while revenue of $382.1 million was 62.55% off the previous quarter. Analysts expected PBF to announce $2.21 per share in earnings in its latest quarter, but it posted $2.29, representing a 3.60% surprise. EBITDA for the quarter stood at more than $1.54 billion. PBF stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.85 billion, with total debt at $2.24 billion. Shareholders hold equity totaling $123.59 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 22 August was 46.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.67%.
The stock’s 5-day moving average is $47.04, reflecting a -1.17% or -$0.55 change from its current price. PBF is currently trading +2.79% above its 20-day SMA, +5.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.20% and SMA200 by+2.70%.
Stochastic %K and %D was 56.99% and 59.26% and the average true range (ATR) pointed at 1.85. The RSI (14) points at 51.74%, while the 14-day stochastic is at 46.52% with the period’s ATR at 1.80. The stock’s 9-day MACD Oscillator is pointing at -0.63 and -0.14 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PBF Energy Inc. (NYSE: PBF), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for PBF stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PBF as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is PBF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $36.00 and a high of $62.00, with their median price target at $52.50. Looking at these predictions, the average price target given by analysts is for PBF Energy Inc. (PBF) stock is $50.58.
