PBF Energy Inc (NYSE:PBF) price on current trading day, fall -4.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.87.
A look at the stock’s price movement, the close in the last trading session was $22.88. Turning to its 52-week performance, $62.88 and $22.03 were the 52-week high and 52-week low respectively. Overall, PBF moved -27.41% over the past month.
PBF Energy Inc’s market cap currently stands at around $2.52 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.02, with its dividend yield at 4.69%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 6.89B for the company’s revenue for the quarter, with a low and high estimate of 5.71B and 9.5B respectively. The average forecast suggests down to a -20.36% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 31B, representing a -6.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PBF is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
25 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 18 recommend PBF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PBF’s current price about -17.03% and -20.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.59, while 7-day volatility ratio is 5.12% and 5.69% in the 30-day chart. Further, PBF Energy Inc (PBF) has a beta value of 1.61, and an average true range (ATR) of 1.43. Analysts have given the company’s stock an average 52-week price target of $33, forecast between a low of $25 and high of $38. Looking at the price targets, the low is -14.31% off current price level while to achieve the yearly target high, price needs to move -73.75%. Nonetheless, investors will most likely welcome a -50.89% jump to $33 which is the analysts’ median price.
If we refocus on PBF Energy Inc (NYSE:PBF), historical trading data shows that trading volumes averaged 2.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 115.31 million shares.
The 27.95% of PBF Energy Inc’s shares are in the hands of company insiders while institutional holders own 76.47% of the company’s shares. Current price change has pushed the stock -17.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PBF stock continues to rise going into the next quarter.
