In the past week, PBF stock has gone down by -0.76%, with a monthly decline of -3.20% and a quarterly plunge of -21.16%. The volatility ratio for the week is 3.45%, and the volatility levels for the last 30 days are 4.02% for PBF Energy Inc The simple moving average for the past 20 days is -2.17% for PBF’s stock, with a -29.58% simple moving average for the past 200 days.
Is It Worth Investing in PBF Energy Inc (NYSE: PBF) Right Now?
PBF Energy Inc (NYSE: PBF) has a higher price-to-earnings ratio of 5.24x compared to its average ratio. PBF has 36-month beta value of 1.56. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for PBF is 91.65M, and currently, short sellers hold a 13.31% ratio of that float. The average trading volume of PBF on October 16, 2024 was 2.37M shares.
PBF) stock’s latest price update
PBF Energy Inc (NYSE: PBF)’s stock price has decreased by -3.76 compared to its previous closing price of 32.71. However, the company has seen a -0.76% decrease in its stock price over the last five trading sessions. 247wallst.com reported 2024-09-29 that 24/7 Wall St. Insights Summer gave way to autumn this past week, and notable insider buying continued.
Analysts’ Opinion of PBF
Many brokerage firms have already submitted their reports for PBF stocks, with BMO Capital Markets repeating the rating for PBF by listing it as a “Market Perform.” The predicted price for PBF in the upcoming period, according to BMO Capital Markets is $35 based on the research report published on October 04, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see PBF reach a price target of $40, previously predicting the price at $53. The rating they have provided for PBF stocks is “Neutral” according to the report published on October 02nd, 2024.
Piper Sandler gave a rating of “Underweight” to PBF, setting the target price at $25 in the report published on September 20th of the current year.
PBF Trading at -5.73% 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 -49.94% of loss for the given period.
Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares sank -4.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.12% lower at present.
During the last 5 trading sessions, PBF fell by -0.76%, which changed the moving average for the period of 200-days by -28.87% in comparison to the 20-day moving average, which settled at $32.18. In addition, PBF Energy Inc saw -28.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PBF starting from Control Empresarial de Capital, who purchase 55,000 shares at the price of $30.85 back on Sep 30 ’24. After this action, Control Empresarial de Capital now owns 23,462,398 shares of PBF Energy Inc, valued at $1,696,624 using the latest closing price.
Control Empresarial de Capital, the Add’l Rep. Persons-see Ex.99-1 of PBF Energy Inc, purchase 150,000 shares at $31.79 during a trade that took place back on Sep 24 ’24, which means that Control Empresarial de Capital is holding 23,367,398 shares at $4,767,915 based on the most recent closing price.
Stock Fundamentals for PBF
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.04 for the gross margin
The net margin for PBF Energy Inc stands at 0.02. The total capital return value is set at 0.11. Equity return is now at value 12.66, with 5.55 for asset returns.
Based on PBF Energy Inc (PBF), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 81.1.
Currently, EBITDA for the company is 2.56 billion with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.12. The receivables turnover for the company is 24.67for trailing twelve months and the total asset turnover is 2.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
To put it simply, PBF Energy Inc (PBF) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
