PBF Energy Inc. (NYSE:PBF) price is hovering lower on Monday, September 13, dropping -0.78% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $10.31, with intraday deals fluctuating between $9.68 and $10.42. The company’s 5Y monthly beta was ticking 3.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $18.78 and 52-week low of $4.06. The stock added 11.94% on its value in the past month.
PBF Energy Inc., which has a market valuation of $1.23 billion, is expected to release its quarterly earnings report Oct 27, 2021 – Nov 01, 2021. Analysts tracking PBF have forecast the quarterly EPS to shrink by -0.48 per share this quarter, while the same analysts predict the annual EPS to hit -$5.31 for the year 2021 and up to -$0.15 for 2022. In this case, analysts estimate an annual EPS growth of 54.90% for the year and 97.20% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $6.63 billion, with the likely lows of $5.76 billion and highs of $7.22 billion. The average estimate suggests sales growth for the quarter will likely rise by 63.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $25.3 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 67.40% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give PBF a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 16 analysts have assigned PBF a recommendation rating as follows: 7 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the PBF Energy Inc. (PBF) stock as Underweight, with 7 recommending Sell. In general, analysts have rated the stock Underweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that PBF’s price is at present 8.49% off the SMA20 and 2.45% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.13, with weekly volatility standing at 7.35%. The indicator jumps to 7.51% when calculated based on the past 30 days. PBF Energy Inc. (NYSE:PBF)’s beta value is holding at 3.01, while the average true range (ATR) indicator is currently reading 0.69. Considering analysts have assigned the stock a price target range of $4.00-$20.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $10.33. Based on this estimate, we see that today’s price at last check is roughly 60.9% off the estimated low and -95.5% off the forecast high. Investors will no doubt be excited to see the share price rise to $10.00, which is the median consensus price, and at that level PBF would be 2.25% from recent price.
Turning out attention to how the PBF Energy Inc. stock has performed in comparison to its peers in the industry, here’s what we find: PBF’s stock is -0.78% on the day and 55.51% in the past 12 months, while Valero Energy Corporation (VLO) traded -1.24% in the latest session and is positioned 42.66% up on its price 12 months ago. Another comparison is with HollyFrontier Corporation (HFC) whose stock price is down -0.68% in the current trading session, and has flourished 46.40% over the past year. Also, Delek US Holdings Inc. (DK) is currently showing down trend of -1.51% while its price kept floating at 43.12% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.21% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.50%.
An analysis of the PBF Energy Inc. (NYSE:PBF) stock in terms of its daily trading volume indicates that the 3-month average is 4.03 million.
Current records show that the company has 120.23M in outstanding shares. The insiders’ percentage holdings are 0.20% of outstanding shares while the percentage share held by institutions stands at 71.60%. But the 45.21% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.