Is There More Upside Ahead For PBF Energy Inc (NYSE: PBF)

PBF Energy Inc (PBF) concluded trading on Thursday at a closing price of $33.62, with 3.25 million shares of worth about $109.34 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.41% during that period and on October 17, 2024 the price saw a gain of about 3.77%. Currently the company’s common shares owned by public are about 120.44M shares, out of which, 91.65M shares are available for trading.

Stock saw a price change of 1.27% in past 5 days and over the past one month there was a price change of 1.20%. Year-to-date (YTD), PBF shares are showing a performance of -23.52% which decreased to -30.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.17 but also hit the highest price of $62.88 during that period. The average intraday trading volume for PBF Energy Inc shares is 2.39 million. The stock is currently trading 4.66% above its 20-day simple moving average (SMA20), while that difference is up 1.06% for SMA50 and it goes to -24.60% lower than SMA200.

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PBF Energy Inc (NYSE: PBF) currently have 120.44M outstanding shares and institutions hold larger chunk of about 80.71% of that.

The stock has a current market capitalization of $3.94B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 5.60, while it has posted earnings per share of $6.01 in the same period. Its PEG reads 0.51 and has Quick Ratio of 0.75 while making debt-to-equity ratio of 0.33. 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 2.90% while standing at 4.03% over the month.

Stock’s fiscal year EPS is expected to drop by -117.41% while it is estimated to increase by 113.20% in next year. EPS is likely to shrink at an annualized rate of 11.00% 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 BofA Securities on Oct-18-24 offering an Underperform rating for the stock and assigned a target price of $25 to it. Coverage by BMO Capital Markets stated PBF Energy Inc (PBF) stock as a Market perform in their note to investors on October 04, 2024, suggesting a price target of $35 for the stock. On October 02, 2024, JP Morgan Downgrade their recommendations, while on September 20, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $25. Stock get a Sell rating from Tudor Pickering Holt & Co. on September 09, 2024.

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