PBF Energy Inc (PBF) concluded trading on Wednesday at a closing price of $54.96, with 4.72 million shares of worth about $259.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.84% during that period and on March 13, 2024 the price saw a gain of about 8.96%. Currently the company’s common shares owned by public are about 120.44M shares, out of which, 103.05M shares are available for trading.
However, the stock later moved at a day high price of 56.24, or with a gain of 8.96%. Stock saw a price change of 14.57% in past 5 days and over the past one month there was a price change of 3.46%. Year-to-date (YTD), PBF shares are showing a performance of 25.02% which increased to 33.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.25 but also hit the highest price of $56.38 during that period. The average intraday trading volume for PBF Energy Inc shares is 2.35 million. The stock is currently trading 12.78% above its 20-day simple moving average (SMA20), while that difference is up 16.54% for SMA50 and it goes to 19.93% higher than SMA200.
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PBF Energy Inc (NYSE: PBF) currently have 120.44M outstanding shares and institutions hold larger chunk of about 85.06% of that.
The stock has a current market capitalization of $6.57B and its 3Y-monthly beta is at 1.72. PE ratio of stock for trailing 12 months is 3.34, while it has posted earnings per share of $16.44 in the same period. It has Quick Ratio of 0.81 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PBF, volatility over the week remained 4.80% while standing at 4.18% over the month.
Analysts are in expectations that PBF Energy Inc (PBF) stock would likely to be making an EPS of $0.54 in the current quarter, while forecast for next quarter EPS is $2.51 and it is $4.98 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.35 which is $1.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.76 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -39.79% while it is estimated to decrease by -27.16% in next year. EPS is likely to shrink at an annualized rate of 0.00% for next 5-years, compared to annual growth of 71.82% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on February 16, 2024 offering a Market perform rating for the stock and assigned a target price range of between $35 and $41 to it. On January 03, 2024, Mizuho Upgrade their recommendations, while on October 05, 2023, BMO Capital Markets Initiated their ratings for the stock with a price target of $60. Stock get a Neutral rating from BofA Securities on August 15, 2023.
