PBF Energy Inc (NYSE:PBF) finished Friday with a subtraction of -$1.68 to close at $53.53, a downside of -3.04 percent. An average of 2,221,620 shares of common stock have been traded in the last five days. There was a gain of $0.32 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 2,523,280 shares traded, while the 50-day average volume stands at 2,364,964.
PBF stock has increased by 12.69% in the last month. The company shares reached their 1-month lowest point of $46.19 on 08/31/23. With the stock rallying to its 52-week high on 09/21/23, shares of the company touched a low of $31.25 and a high of $56.38 in 52 weeks. It has reached a new high 18 times so far this year and achieved 31.27% or $12.75 in price. In spite of this, the price is down -5.05% from the 52-week high.
Insider Transactions
PBF stock investors should be aware that PBF Energy Inc (PBF) stock had its last reported insider trading activity 16 days ago on Sep 14. In this transaction, the insider spent $2,742,210. Senior Vice President, Davis Paul T, disposed of 117,500 shares at a price of $47.28 on Nov 04. The insider now owns more than $5,555,729 worth of shares. Prior to that, Principal Accounting Officer Barone John C went on to Sale 32,500 shares at $45.97 each on Nov 01. An amount of $1,493,937 was transacted.
Valuation Metrics
PBF Energy Inc (PBF) has a trailing price-to-earnings (P/E) ratio of 2.23. The stock’s beta is 1.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.16, the price-to-book (PB) ratio at 1.10, and the price-to-cash flow ratio at 2.95.
The company has a payout ratio of 0.88%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its latest decrease dividend $0.10 reported on Thursday October 27 2022.
Financial Health
The quick ratio of PBF Energy Inc for the three months ended June 29 was 0.81, and the current ratio was 1.47, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.37 for the quarter ending June 29. Its gross profit as reported stood at $4.15 billion compared to revenue of $46.83 billion.
Earnings Surprise
For the three-month period that ended June 29, PBF Energy Inc had $1.44 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.02 billion in the quarter, while revenues of $382.1 million were shrunk -17.96%. The analyst consensus anticipated PBF Energy Inc’s latest quarter earnings to come in at $2.21 per share, but it turned out to be $2.29, a 3.60% surprise. For the quarter, EBITDA amounted to $1.54 billion. Shareholders own equity worth $123.59 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PBF Energy Inc (PBF) price momentum. RSI 9-day as of the close on 29 September was 53.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.37%.
As of today, PBF’s price is $54.06 +0.60% or $0.32 from its 5-day moving average. PBF is currently trading +14.16% higher than its 20-day SMA and +63.75% higher than its 100-day SMA. However, the stock’s current price level is +25.27% above the SMA50 and +49.61% above the SMA200.
The stochastic %K and %D were 50.85% and 56.77%, respectively, and the average true range (ATR) was 1.89. With the 14-day stochastic at 29.02% and the average true range at 1.87, the RSI (14) stands at 56.86%. The stock has reached 0.62 on the 9-day MACD Oscillator while the 14-day reading was at 0.41.
Analyst Ratings
BofA Securities downgraded PBF Energy Inc (NYSE: PBF) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
