PBF Energy (NYSE:PBF) Releases Earnings Results, Misses Expectations By $1.19 EPS

Share on StockTwits

PBF Energy (NYSE:PBF) issued its quarterly earnings results on Friday. The oil and gas company reported ($3.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.00) by ($1.19), Briefing.com reports. PBF Energy had a positive return on equity of 3.40% and a negative net margin of 3.97%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the company earned $0.83 EPS. PBF Energy’s quarterly revenue was down 61.6% on a year-over-year basis.

NYSE PBF opened at $8.68 on Friday. The business’s 50-day moving average price is $9.85 and its 200 day moving average price is $14.63. PBF Energy has a twelve month low of $5.19 and a twelve month high of $34.91. The company has a market capitalization of $1.04 billion, a PE ratio of -1.06 and a beta of 2.71. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56.

PBF has been the subject of several research analyst reports. Raymond James cut shares of PBF Energy to a “sell” rating in a research report on Monday, May 18th. Citigroup lowered shares of PBF Energy from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $23.00 to $4.00 in a research note on Friday, April 24th. Credit Suisse Group lifted their price target on shares of PBF Energy from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Barclays lowered shares of PBF Energy from an “overweight” rating to an “underweight” rating and cut their target price for the company from $11.00 to $7.00 in a research report on Tuesday, May 19th. Finally, Bank of America reaffirmed a “neutral” rating and set a $10.00 price target on shares of PBF Energy in a report on Monday, April 20th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. PBF Energy has an average rating of “Hold” and a consensus target price of $16.27.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.

Further Reading: Is it Safe to Invest in Commodities?

Earnings History for PBF Energy (NYSE:PBF)

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.

 

Latest News

Different Types of Research Papers
Different Types of Research Papers
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing


 
© 2006-2020 BBNS.