PBF Energy (PBF) Issues Quarterly Earnings Results

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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 Company Profile

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.

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Earnings History for PBF Energy (NYSE:PBF)

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