PBF Energy (NYSE:PBF) posted its quarterly earnings data on Wednesday. The oil and gas company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10, MarketWatch Earnings reports. PBF Energy had a net margin of 3.40% and a return on equity of 9.82%. The firm had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the previous year, the company posted $1.44 EPS. The company’s quarterly revenue was up 39.6% compared to the same quarter last year.
Shares of NYSE:PBF traded up $1.20 during trading on Wednesday, reaching $41.85. 4,131,900 shares of the company traded hands, compared to its average volume of 2,072,910. The firm has a market capitalization of $4.51 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. PBF Energy has a 1-year low of $28.25 and a 1-year high of $53.91. The company has a quick ratio of 0.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.70.
Several research firms have weighed in on PBF. Goldman Sachs Group upgraded shares of PBF Energy from a “sell” rating to a “neutral” rating in a research report on Friday, September 7th. Credit Suisse Group lifted their price objective on shares of PBF Energy from $46.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, October 5th. Mizuho began coverage on shares of PBF Energy in a research report on Wednesday, August 1st. They set a “buy” rating and a $55.00 price objective on the stock. Macquarie upgraded shares of PBF Energy from a “neutral” rating to an “outperform” rating in a research report on Monday, July 9th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $46.00 price objective on shares of PBF Energy in a research report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. PBF Energy has an average rating of “Hold” and a consensus price target of $45.58.
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.
Further Reading: What are the reasons investors use put options?
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.