PBF Energy Inc (NYSE:PBF) price closed higher on current market day and jumping 6.53% above its previous close.
A look at the daily price movement shows that the last close reads $19.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $48.20 and 52-week low of $13.61. The stock added 0.55% on its value in the past month.
PBF Energy Inc, which has a market valuation of $2.34 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 1.08, while the dividend yield is 5.31%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
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, 25 analysts have assigned PBF a recommendation rating as follows: 6 rate it as a Hold; 18 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the PBF Energy Inc (PBF) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Buy, 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 0.15% off the SMA20 and 11.21% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.42, with weekly volatility standing at 2.46%. The indicator jumps to 4.38% when calculated based on the past 30 days. PBF Energy Inc (NYSE:PBF)’s beta value is holding at 0.81, while the average true range (ATR) indicator is currently reading 1.20. Considering analysts have assigned the stock a price target range of $22-$22 as the low and high respectively, we find the trailing 12-month average consensus price target to be $22. Based on this estimate, we see that current price is roughly -8.7% off the estimated low and -8.7% off the forecast high. Investors will no doubt be excited to see the share price fall to $22, which is the median consensus price, and at that level PBF would be -8.7% from current price.
Current records show that the company has 115.66M in outstanding shares. The insiders’ percentage holdings are 28.80% of outstanding shares while the percentage share held by institutions stands at 79.54%. But the -23.77% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
