Factors Likely to Have Influenced Earnings Results PBF Energy (NYSE:PBF)

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Earnings results for PBF Energy (NYSE:PBF)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has decreased over the past week from -2.61 to -2.72(4.21%) and decreased over the past month from -2.13 to -2.72(27.70%). Of the 7 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has decreased over the past week from -6.05 to -6.26(-2.61) and decreased over the past month from -5.42 to -6.05(11.62%). Of the 7 analysts making yearly forecasts, none raised and 7 lowered their forecast.

PBF Energy last posted its earnings data on May 15th, 2020. The oil and gas company reported ($1.19) EPS for the quarter, missing analysts’ consensus estimates of ($1.09) by $0.10. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $4.67 billion. PBF Energy has generated $0.90 earnings per share over the last year. PBF Energy has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. PBF Energy will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on PBF Energy (NYSE:PBF)

15 Wall Street analysts have issued ratings and price targets for PBF Energy in the last 12 months. Their average twelve-month price target is $16.27, suggesting that the stock has a possible upside of 83.80%. The high price target for PBF is $41.00 and the low price target for PBF is $4.00. There are currently 7 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

PBF Energy has received a consensus rating of Hold. The company’s average rating score is 1.73, and is based on 3 buy ratings, 5 hold ratings, and 7 sell ratings. According to analysts’ consensus price target of $16.27, PBF Energy has a potential upside of 83.8% from its current price of $8.85. PBF Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: PBF Energy (NYSE:PBF)

PBF Energy does not currently pay a dividend. PBF Energy does not have a long track record of dividend growth.

Insiders buying/selling: PBF Energy (NYSE:PBF)

In the past three months, PBF Energy insiders have not sold or bought any company stock. Only 4.30% of the stock of PBF Energy is held by insiders. 77.86% of the stock of PBF Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of PBF Energy (NYSE:PBF

Earnings for PBF Energy are expected to grow in the coming year, from ($5.86) to ($0.02) per share. The P/E ratio of PBF Energy is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of PBF Energy is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. PBF Energy has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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