PBF Energy Inc (NYSE:PBF) shares, rose in value on Friday, March 15, with the stock price up by 5.92% to the previous day’s close as strong demand from buyers drove the stock to $57.93.
Actively observing the price movement in the recent trading, the stock is buoying the session at $54.69. The value of beta (5-year monthly) is 1.72 whereas the PE ratio is 3.52 over 12-month period. Referring to stock’s 52-week performance, its high was $56.66, and the low was $31.25. On the whole, PBF has fluctuated by 10.89% over the past month.
With the market capitalization of PBF Energy Inc currently standing at about $6.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. The company’s Forward Dividend Ratio is 0.90, with its dividend yield at 1.55%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.55, which is expected to increase to $4.03 for fiscal year $6.79 and then to about $4.98 by fiscal year 2025. Data indicates that the EPS growth is expected to be -40.00% in 2025, while the next year’s EPS growth is forecast to be -26.70%.
Analysts have estimated the company’s revenue for the quarter at $7.15 billion, with a low estimate of $38.1 million and a high estimate of $9.5 billion. According to the average forecast, sales growth in current quarter could jump down -14.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $31.58 billion, representing a decrease of -17.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that PBF’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PBF currently trading nearly 18.28% and 21.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.57, while the 7-day volatility ratio is showing 4.53% which for the 30-day chart, stands at 4.30%. Furthermore, PBF Energy Inc (PBF)’s beta value is 1.72, and its average true range (ATR) is 2.35.
A comparison of PBF Energy Inc (PBF) with its peers suggests the former has fared considerably weaker in the market. PBF showed an intraday change of 5.92% in today’s session so far, and over the past year, it grew by 47.89%%.
Data on historical trading for PBF Energy Inc (NYSE:PBF) indicates that the trading volumes over the past 10 days have averaged 2.12 million and over the past 3 months, they’ve averaged 2.37 million. According to company’s latest data on outstanding shares, there are 120.44 million shares outstanding.
Nearly 13.82% of PBF Energy Inc’s shares belong to company insiders and institutional investors own 85.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.89 million shares as on Feb 29, 2024, resulting in a short ratio of 3.78. According to the data, the short interest in PBF Energy Inc (PBF) stood at 8.27% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 11.24 million. The stock has risen by 31.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PBF stock heading into the next quarter.
