PBF Energy Inc (NYSE: PBF)’s stock price has decreased by -2.42 compared to its previous closing price of 60.30. However, the company has seen a -1.11% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that The Zacks Oil and Gas – Refining & Marketing industry continues to be a good place to be, with VLO, MUSA and PBF being the top picks.
Is It Worth Investing in PBF Energy Inc (NYSE: PBF) Right Now?
The price-to-earnings ratio for PBF Energy Inc (NYSE: PBF) is 3.58x, which is above its average ratio. Moreover, the 36-month beta value for PBF is 1.74. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for PBF is 103.04M and currently, short sellers hold a 11.42% of that float. On April 10, 2024, PBF’s average trading volume was 2.29M shares.
PBF’s Market Performance
PBF’s stock has seen a -1.11% decrease for the week, with a 17.54% rise in the past month and a 40.50% gain in the past quarter. The volatility ratio for the week is 3.41%, and the volatility levels for the past 30 days are at 3.61% for PBF Energy Inc The simple moving average for the past 20 days is 3.47% for PBF’s stock, with a 23.93% simple moving average for the past 200 days.
Analysts’ Opinion of PBF
Many brokerage firms have already submitted their reports for PBF stocks, with Mizuho repeating the rating for PBF by listing it as a “Neutral.” The predicted price for PBF in the upcoming period, according to Mizuho is $58 based on the research report published on March 22, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PBF reach a price target of $74, previously predicting the price at $52. The rating they have provided for PBF stocks is “Buy” according to the report published on March 15th, 2024.
TD Cowen gave a rating of “Market Perform” to PBF, setting the target price at $41 in the report published on February 16th of the current year.
PBF Trading at 12.17% from the 50-Day Moving Average
After a stumble in the market that brought PBF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.43% of loss for the given period.
Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares surge +17.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.22% upper at present.
During the last 5 trading sessions, PBF fell by -1.11%, which changed the moving average for the period of 200-days by +47.06% in comparison to the 20-day moving average, which settled at $57.30. In addition, PBF Energy Inc saw 33.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PBF starting from Davis Paul T, who sale 100,000 shares at the price of $56.37 back on Mar 25 ’24. After this action, Davis Paul T now owns 110,978 shares of PBF Energy Inc, valued at $5,637,230 using the latest closing price.
O Connor Thomas L, the Senior Vice President of PBF Energy Inc, sale 10,000 shares at $57.15 during a trade that took place back on Mar 25 ’24, which means that O Connor Thomas L is holding 160,338 shares at $571,500 based on the most recent closing price.
Stock Fundamentals for PBF
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.06 for the gross margin
The net margin for PBF Energy Inc stands at 0.06. The total capital return value is set at 0.27. Equity return is now at value 37.50, with 14.58 for asset returns.
Based on PBF Energy Inc (PBF), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.98. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 160.08.
Currently, EBITDA for the company is 2.56 billion with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.19. The receivables turnover for the company is 28.13for trailing twelve months and the total asset turnover is 2.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
To wrap up, the performance of PBF Energy Inc (PBF) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
