PBF Energy (PBF) Expected to Announce Quarterly Earnings on Thursday

PBF Energy (NYSE:PBF) is expected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($1.80) per share and revenue of $7.42 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

PBF Energy Trading Down 2.3 %

PBF Energy stock opened at $29.67 on Thursday. PBF Energy has a 52-week low of $24.21 and a 52-week high of $62.88. The company has a market cap of $3.42 billion, a P/E ratio of -11.45 and a beta of 1.60. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $28.84 and a two-hundred day simple moving average of $31.73.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 40,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the completion of the transaction, the insider now directly owns 29,355,998 shares in the company, valued at approximately $806,409,265.06. This trade represents a 0.14 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have acquired 1,818,500 shares of company stock valued at $54,171,810. Corporate insiders own 6.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Scotiabank cut their price objective on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group decreased their target price on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and lowered their target price for the company from $27.00 to $20.00 in a research report on Friday, December 20th. Finally, Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.00.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in 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 from crude oil.