PBF Energy (PBF) Expected to Announce Earnings on Thursday

PBF Energy (NYSE:PBF - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect PBF Energy to post earnings of ($1.80) per share and revenue of $7.42 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

PBF Energy Stock Down 1.0 %

Shares of PBF traded down $0.28 during midday trading on Friday, reaching $27.82. 1,706,461 shares of the company were exchanged, compared to its average volume of 2,074,934. PBF Energy has a 1-year low of $24.21 and a 1-year high of $62.88. The stock has a 50-day moving average price of $28.66 and a 200-day moving average price of $31.57. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.20 billion, a price-to-earnings ratio of -10.74 and a beta of 1.60.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 57,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $31.70 per share, for a total transaction of $1,806,900.00. Following the transaction, the insider now directly owns 26,739,498 shares in the company, valued at $847,642,086.60. This trade represents a 0.21 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have purchased 1,968,500 shares of company stock valued at $58,476,810. Insiders own 5.30% of the company's stock.

Analyst Ratings Changes

PBF has been the topic of a number of analyst reports. Mizuho lowered shares of PBF Energy from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $33.00 to $31.00 in a research note on Monday, December 16th. StockNews.com lowered PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, November 4th. Bank of America began coverage on PBF Energy in a report on Thursday, October 17th. They set an "underperform" rating and a $25.00 price objective on the stock. The Goldman Sachs Group decreased their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PBF Energy from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.